Ontario · NOI
Motion Record Returnable
Application / notice of application · 1 December 2015
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What we verified from this filing17 verified
- courtSUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND INSOLVENCY
- court file no32-2038864
- provinceONTARIO
- applicantDodick Landau Inc.
- appointeeDodick Landau Inc.
- appointee roleProposal Trustee
- commencement date26 November 2015
- statutory basisSections 58 and 59 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- secured creditorsnote: Listed as a 'Secured' creditor type in Creditor Mailing List (Appendix A); no amount stated. Report of Trustee (p.16) states no secured creditors other than Ministry of Finance registration; basis for this classification not otherwise explained. · page: 9 · debtor: Ehrlich Electric Company Inc. · creditor: Vandergiesen, Estelita · currency: CAD
- secured creditorsnote: Listed as a 'Secured' creditor type in Creditor Mailing List (Appendix A); no amount stated. Report of Trustee (p.16) states no secured creditors other than Ministry of Finance registration; basis for this classification not otherwise explained. · page: 9 · debtor: Ehrlich Electric Company Inc. · creditor: Dileo, Tony · currency: CAD
- secured creditorsnote: Listed as a 'Secured' creditor type in Creditor Mailing List (Appendix A); no amount stated. Report of Trustee (p.16) states Management advises Ehrlich has no secured creditors other than the Ministry of Finance registration - basis for this individual's secured classification is not otherwise explained in the filing; possible personal guarantor/related individual (creditor's relationship not stated). · page: 9 · debtor: Ehrlich Electric Company Inc. · creditor: Delre, Vito · currency: CAD
- financial positionnote: Document states operating losses of approx. $348,000 (FY2013), $67,000 (FY2014), $109,000 (7 months ended Aug 31, 2015); total debt of approx. $850,000, $937,000 and $762,000 respectively for those periods; and shareholder deficiency of approx. $788,000, $855,000 and $964,000 respectively. No standalone total-assets/total-liabilities balance-sheet figures are stated. · page: 15 · as at: 2015-08-31 · basis: Internally prepared, unaudited financial statements · scope: entity - Ehrlich Electric Company Inc. · currency: CAD
- secured creditorsnote: Only PPSA registration found on Ontario Personal Property Security Registry search conducted September 21, 2015; per Management, Ehrlich has no other secured creditors. · page: 16 · as of: 2015-09-21 · amount: 4462 · debtor: Ehrlich Electric Company Inc. · creditor: Ministry of Finance of Ontario · currency: CAD · security: PPSA registration in respect of employee health tax payable
- secured creditorsnote: Deemed trust priority claim; document states this 'ranks ahead of all other creditors in a proposal' (p.16). Figure is approximate ('approximately $584,000'); assessed by CRA trust examination in August 2015 relating to source deductions from operations dating back to July 31, 2015. · page: 16 · as of: 2015-11-20 · amount: 584000 · debtor: Ehrlich Electric Company Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust for unremitted source deductions under s.227(4)/(4.1) ITA / s.60(1.1) BIA
- unsecured creditorsnote: Preferred claim under BIA priority scheme for wages/vacation pay. · page: 16 · basis: Per Management, the only amounts owing to employees are in respect of accrued vacation pay for unused vacation, amounting to approximately $10,000 · amount: 10000 · debtor: Ehrlich Electric Company Inc. · creditor: Employees (accrued vacation pay) · currency: CAD
- unsecured creditorsnote: Individual unsecured creditor names appear in the Creditor Mailing List (Appendix A, pages 6-7) but no per-creditor amounts are stated; document gives only the aggregate figure. · page: 16 · as of: NOI filing date (September 22, 2015) · basis: Per Management, unsecured trade debt totaled approximately $360,000 at the date of the NOI, owed to approximately 16 unsecured creditors · amount: 360000 · debtor: Ehrlich Electric Company Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- counselKronis, Rotsztain, Margles, Cappel LLP