Ontario · Bankruptcy
Trustee’s Preliminary Report to Creditors dated December 12, 2025
Court officer report · 12 December 2025
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 filing7 verified
- court file no32-3301124
- provinceONTARIO
- appointeeTDB Restructuring Limited
- appointee roletrustee
- commencement date21 November 2025
- financial positionnote: Assets total $30,000, comprised entirely of cash held with Bank of America (Toronto), pending confirmation of transfer to Trustee. Liabilities per SOA: secured $30,001 (capped at estimated asset value) and unsecured $29,810,287.61, totaling $29,840,288.61. As of Dec 12, 2025, claims filed differ: secured $27,452,290.43 and unsecured $1,415,756.83, total $28,868,047.26. · page: 2 · as at: 2025-11-21 · basis: Statement of Affairs (sworn Nov 21, 2025) · scope: BIOX Canada Limited (entity, no-asset bankruptcy) · currency: CAD · total assets: 30000 · total liabilities: 29840288.61
- secured creditorsnote: Sole secured creditor; amount is per proof of claim filed as of Dec 12, 2025. Statement of Affairs (sworn Nov 21, 2025) recorded total debt owed to Hartree as $27,026,684.42 as of the date of bankruptcy, with the secured claim capped at $30,001 (value of estate assets) and the remainder ($27,026,654.42 approx.) reflected as unsecured per SOA convention. Hartree's security interest is subordinated to the Trustee's fees/disbursements per written confirmation, in connection with administration of WEPP claims. Also provided a $28,250 third-party deposit to secure Trustee's fees. · page: 3 · as of: 2025-12-12 · amount: 27452290.43 · debtor: BIOX Canada Limited · creditor: Hartree Partners, LP · currency: CAD · security: Security agreement dated November 15, 2022 (sole and senior secured creditor)