British Columbia · Bankruptcy
AOF - Trustee's Preliminary Report
Court officer report · 10 August 2023
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 filing2 verified
- financial positionnote: No asset total or liability total is stated. Assets: the only identified asset is the equity interests in Adventus US Opportunity LP, with an estimated realizable value of nil; AOF did not have a bank account. Claims per statements of affairs ($000): Secured 50,000.0; Unsecured third party 0.0; Unsecured related party 39,934.5; Total Unsecured 39,934.5 (excluding the deficiency claim of the secured creditor). Total Grofondi debt including interest estimated at approx. $51.6 million as at the date of bankruptcy. As_at date is the date of bankruptcy (July 21, 2023); the report does not explicitly date the statements of affairs. · as at: 2023-07-21 · basis: Statements of affairs of AOF (estimated realizable value of assets per Trustee's preliminary evaluation); the statements of affairs include only the principal amount of the secured claim · scope: Single entity: Adventus Opportunity Fund (AOF) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Accordingly, it is anticipated that there will be no distribution to unsecured creditors of AOF. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors of AOF · claims amount: 39934500 · interim final: unstated · claims qualifier: listed · stated on: 2023-08-10 · table missing: