Quebec · NOI
Trustee's preliminary report to creditors
Court officer report · 14 April 2020
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What we verified from this filing11 verified
- appointeeDeloitte Restructuring Inc.
- courtSUPERIOR COURT
- court file no540-11-010898-205
- provinceQUÉBEC
- appointee roleTrustee
- commencement date20 March 2020
- cash on handnote: Figure appears in the Statement of Affairs as of the bankruptcy date, both as book value and estimated realization. · as at: 2020-03-20 · amount: 202699 · currency: CAD
- financial positionnote: Estimated Realization values differ from book value: Assets estimated realization $202,699 (cash only, leasehold improvements $0); Liabilities estimated realization $9,980,075 (same as book value); Deficit at book value $(6,477,259), at estimated realization $(9,777,375). · as at: 2020-03-20 · basis: Statement of Affairs, unaudited, book value (estimated realization values also given, before professional fees) · scope: Fortuna Fix Inc. (the Bankrupt), entity-level Statement of Affairs · currency: CAD · total assets: 3502815 · total liabilities: 9980075
- operational summaryFortuna Fix Inc., a pre-revenue pharmaceutical research company, became insolvent after its parent company stopped funding it and its remaining employees and directors resigned in December 2019; the Trustee has taken possession of records, opened a trust account, and is administering the bankrupt estate with no ongoing business operations.
- recovery outcomeentries: basis: unstated · quote: However, as of the time of this report, and considering the low number of proofs of claim received to date, the Trustee is not able to determine the anticipated distribution. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-04-14 · table missing:
- report date14 April 2020