Ontario · Bankruptcy
Northdale Preliminary Report to Creditors.pdf
Court officer report · undated
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What we verified from this filing17 verified
- court file no31-1518356
- provinceOntario
- commencement date14 November 2011
- secured creditorsnote: PPSA equipment financier · page: 3 · as of: 2011-11-14 · amount: 1 · debtor: Northdale Trading Limited · creditor: MCAP Finance and Leasing · currency: CAD · security: Registered PPSA security (nominal balance shown)
- secured creditorspage: 3 · as of: 2011-11-14 · amount: 1570725.3 · debtor: Northdale Trading Limited · creditor: Bank of Nova Scotia (BNS) · currency: CAD · security: Valid first ranking security interest in the assets of Samaco (the "Collateral")
- secured creditorsnote: Related party (shareholder relation); Torkin Manes confirmed validity/enforceability of Shareholder Security against a Trustee in Bankruptcy · page: 3 · as of: 2011-11-14 · amount: 298171.4 · debtor: Northdale Trading Limited · creditor: Beverly Margaret Szandtner · currency: CAD · security: General security agreement (Shareholder Security)
- secured creditorsnote: Related party (shareholder relation, in trust); Torkin Manes confirmed validity/enforceability of Shareholder Security against a Trustee in Bankruptcy · page: 3 · as of: 2011-11-14 · amount: 530269.64 · debtor: Northdale Trading Limited · creditor: Beverly Margaret Szandtner, In Trust · currency: CAD · security: General security agreement (Shareholder Security)
- secured creditorsnote: PPSA equipment financier · page: 3 · as of: 2011-11-14 · amount: 1 · debtor: Northdale Trading Limited · creditor: GN Johnston Equipment · currency: CAD · security: Registered PPSA security (nominal balance shown)
- secured creditorsnote: PPSA equipment financier · page: 3 · as of: 2011-11-14 · amount: 1 · debtor: Northdale Trading Limited · creditor: RoyNat Lease Financing · currency: CAD · security: Registered PPSA security (nominal balance shown)
- secured creditorsnote: PPSA equipment financier · page: 3 · as of: 2011-11-14 · amount: 1 · debtor: Northdale Trading Limited · creditor: Xerox Canada Ltd. · currency: CAD · security: Registered PPSA security (nominal balance shown)
- unsecured creditorsnote: Document names no individual unsecured creditors on these pages; proofs of claim filed to Nov 30, 2011 totaled $13,511.48 · page: 4 · as of: 2011-11-14 · basis: Statement of Affairs as reported · amount: 332464.26 · debtor: Northdale Trading Limited · creditor: Unsecured creditors (aggregate per Statement of Affairs) · currency: CAD
- unsecured creditorsnote: Preferred claim class; ranks ahead of ordinary unsecured; proofs of claim filed to Nov 30, 2011 totaled Nil · page: 4 · as of: 2011-11-14 · basis: Statement of Affairs as reported · amount: 30 · debtor: Northdale Trading Limited · creditor: Preferred creditors (aggregate per Statement of Affairs) · currency: CAD
- appointeeThe Fuller Landau Group Inc.
- appointee roleTrustee
- secured creditorsnote: Disputed lien claim; amount held in trust by Trustee pending resolution · page: 5 · as of: 2011-11-30 · amount: 39468.68 · debtor: Northdale Trading Limited · creditor: Locher Evers International (LEI) · currency: CAD · security: Contractual and possessory lien claim; also registered PPSA security interest
- unsecured creditorsnote: Contingent unsecured claim not included in SOA surplus estimate; amount not stated · page: 5 · basis: Contingent claim pursuant to indemnity re Samaco Trading Limited's lease · debtor: Northdale Trading Limited / Samaco Trading Limited · creditor: H&R Developments · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that after taking into account the contingent claim of H&R Developments and the claims of the former employees that there will be a shortfall to the unsecured creditors. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee anticipates a distribution to the unsecured creditors but will not know the amount of the distribution until all the assets are fully realized upon and the contingent claim of H&R Developments is resolved. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: amount unknown until all assets are fully realized upon and the contingent claim of H&R Developments is resolved · claims qualifier: unstated · stated on: 2011-11-30 · table missing: