Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 14 December 2022
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What we verified from this filing14 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date30 November 2022
- court file no31-2889551
- proceeding typebia_bankruptcy
- provinceOntario
- secured creditorsnote: Possibly related parties (individuals); part of aggregate secured claims of $1,701,000 per SOA (component not broken out) · page: 1 · as of: PPSA search August 6, 2022 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Jan Kaplan and Norma Caron · currency: CAD · security: PPSA security interest
- secured creditorsnote: Appointed MNP as receiver and manager under its security; part of aggregate secured claims of $1,701,000 per SOA (component not broken out) · page: 1 · as of: PPSA search August 6, 2022 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Norjan Ventures Inc. · currency: CAD · security: PPSA security interest; senior secured creditor; independent legal opinion confirms security valid and enforceable
- secured creditorsnote: Also holds deposit for credit card balance ($85,000 expected recovery); part of aggregate secured claims of $1,701,000 per SOA (component not broken out) · page: 1 · as of: PPSA search August 6, 2022 · debtor: Shop MBoutique Ecomm Ltd. · creditor: TD Canada Trust · currency: CAD · security: PPSA security interest
- secured creditorsnote: As per SOA; nil claims filed as at December 14, 2022; Trustee has not determined admissibility · page: 2 · as of: 2022-11-29 · amount: 1701000 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Secured claims (aggregate per Statement of Affairs) · currency: CAD · security: Various PPSA registrations (Norjan Ventures Inc., Jan Kaplan and Norma Caron, TD Canada Trust)
- unsecured creditorsnote: Preferred claim class (ranks ahead of ordinary unsecured); nil claims filed as at December 14, 2022; document names no individual creditors · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 90395 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Preferred claims (aggregate as reported in SOA) · currency: CAD
- unsecured creditorsnote: Proofs of claim filed as at December 14, 2022 totaled $51,616 (labelled as claims filed, distinct from SOA reported figure); document names no individual creditors; Trustee has not determined admissibility · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 128492 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Unsecured creditors (aggregate as reported in SOA) · currency: CAD
- unsecured creditorsnote: Nil per SOA; nil claims filed as at December 14, 2022 · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 0 · debtor: Shop MBoutique Ecomm Ltd. · creditor: Contingent claims (aggregate as reported in SOA) · currency: CAD
- recovery outcomeentries: basis: liquidation_alternative · quote: Based on the expected realizations as compared to the quantum of the secured debt, there will likely not be any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-12-14 · table missing: