Ontario · Bankruptcy
Intellipharmaceutics International Inc - Trustee Preliminary Report
Court officer report · 18 November 2024
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 filing6 verified
- appointeeKPMG Inc.
- appointee roletrustee
- commencement date31 October 2024
- court file no31-3148000
- financial positionnote: Document states IP Int Inc. 'has no realizable assets'; Statement of Affairs indicates no known secured creditors and no employees (no S.81.3 preferred claims), with 40 unsecured creditors having claims totaling approximately $7.4 million in aggregate - components not summed into a stated total. · basis: Statement of Affairs (management estimate) · scope: entity - IP Int Inc. only (excludes subsidiary IPC) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: For the reasons noted above, IP Int Inc. has no realizable assets and as a result, it is anticipated that there will be no funds available for distribution to the creditors in IP Int Inc. · pct of: unstated · outcome: nil · stated by: trustee · class label: creditors in IP Int Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As IPC is also in Bankruptcy Proceedings, there will be no funds available for distribution to any creditors of IP Int Inc. · pct of: unstated · outcome: nil · stated by: trustee · class label: creditors of IP Int Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2024-11-18 · table missing: