Quebec · Bankruptcy
Trustee's Report to the Creditors on Preliminary Administration
Court officer report · 15 May 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing10 verified
- courtS U P E R I O R C O U R T
- court file no500-11-052455-173
- provinceQUEBEC
- appointeeDeloitte Restructuring Inc.
- appointee roletrustee
- commencement date24 April 2017
- financial positionnote: Assets shown as '-' (none) in Statement of Affairs; liabilities listed as 'Unsecured creditors - Series 4 Bonds' at $12,663,839, but note states 'In reality, the claim of the holders of the Series 4 Bonds is for a higher amount, namely $22,733,250 less the amounts of the distributions received from time to time pursuant to the Plan.' · as at: 2017-04-24 · basis: Statement of Affairs (unaudited) · scope: entity - Homco Realty Fund (52) Limited Partnership · currency: CAD · total assets: 0 · total liabilities: 12663839
- operational summaryHomco 52's sole real estate asset was sold and proceeds distributed to secured Series 4 bondholders prior to bankruptcy; the estate now has no assets and no further distributions to creditors are anticipated.
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as there is no asset in the Bankrupt's estate (as described above). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-05-15 · table missing:
- report date15 May 2017