Ontario · NOI
First Report of the Proposal Trustee
Court officer report · 18 June 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing11 verified · 1 withheld
- courtSUPERIOR COURT OF JUSTICE
- court file no32-2390056
- provinceONTARIO
- secured creditorsnote: One of four BDC loan facility agreements; BDC filed Notice of Intention to Enforce Security under s.244 BIA on April 12, 2018 · page: 5 · as of: 2018-06-14 · amount: 172730.17 · debtor: 1760184 Ontario Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Loan facility agreement dated September 1, 2016 (first)
- secured creditorsnote: Approximate amounts as at June 14, 2018 per Company; CIBC filed Notice of Intention to Enforce Security under s.244 BIA on May 29, 2018 · page: 5 · as of: 2018-06-14 · amount: 218000 · debtor: 1760184 Ontario Ltd. · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: General security under loan facility agreement dated May 25, 2016 (term loan); also operating line of credit with maximum limit of $65,000, outstanding balance $100 as of same date
- secured creditorsnote: Approximate amount as at June 14, 2018; facility limit is $65,000 (not a balance) · page: 5 · as of: 2018-06-14 · amount: 100 · debtor: 1760184 Ontario Ltd. · creditor: Canadian Imperial Bank of Commerce (CIBC) - operating line of credit · currency: CAD · security: Operating line of credit, maximum limit $65,000
- secured creditorsnote: One of four BDC loan facility agreements; BDC filed Notice of Intention to Enforce Security under s.244 BIA on April 12, 2018 · page: 5 · as of: 2018-06-14 · amount: 74254.28 · debtor: 1760184 Ontario Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Loan facility agreement dated September 1, 2016 (second)
- secured creditorsnote: One of four BDC loan facility agreements; BDC filed Notice of Intention to Enforce Security under s.244 BIA on April 12, 2018 · page: 5 · as of: 2018-06-14 · amount: 166819.99 · debtor: 1760184 Ontario Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Loan facility agreement dated April 24, 2017 (first)
- secured creditorsnote: One of four BDC loan facility agreements; BDC filed Notice of Intention to Enforce Security under s.244 BIA on April 12, 2018 · page: 6 · as of: 2018-06-14 · amount: 87869.24 · debtor: 1760184 Ontario Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Loan facility agreement dated April 24, 2017 (second)
- secured creditorsnote: Subsequent registration after CIBC and BDC; amount not stated · page: 6 · debtor: 1760184 Ontario Ltd. · creditor: Halton Autolease Inc. · currency: CAD · security: PPSA registration, appears limited to one specific motor vehicle
- unsecured creditorsnote: Document names no individual unsecured creditors; approximate figure as reported by Company · page: 6 · as of: 2018-06-18 · basis: Company informed the Proposal Trustee of approximately $182,000 in unsecured liabilities as of the date of the First Report · amount: 182000 · debtor: 1760184 Ontario Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.