Alberta · Bankruptcy
Trustee's Preliminary Report
Court officer report · 9 March 2022
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 filing4 verified
- financial positionnote: Assets consist solely of Real Property ($14,461,830). Liabilities per Statement of Affairs: Secured $83,882,417.65, Preferred nil, Unsecured $6.00, total $83,882,423.65. Trustee does not anticipate dividends will become available given asset value compared to secured debt. · page: 2 · basis: Statement of Affairs · scope: Eco-Industrial Business Park Inc. (Bankrupt) only · currency: CAD · total assets: 14461830 · total liabilities: 83882423.65
- unsecured creditorsnote: Document names no individual creditors for this figure. Superseded by later claims received figure of $512,972.10 (2 claims) as of March 9, 2022. · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 6 · debtor: Eco-Industrial Business Park Inc. · creditor: Unsecured creditors (aggregate as reported in Statement of Affairs) · currency: CAD
- secured creditorsnote: Per claims received as of 9:00 AM March 9, 2022, 2 secured claims totaling this amount; Statement of Affairs listed secured claims at $83,882,417.65 (see note on prose figure). Security opinion from Osler, Hoskin & Harcourt LLP confirms valid and enforceable first charge on Eco Lands. · page: 3 · as of: 2022-03-09 · amount: 85506881.69 · debtor: Eco-Industrial Business Park Inc. · creditor: Romspen Mortgage Limited Partnership and Romspen Investment Corporation (Romspen) · currency: CAD · security: First-ranking mortgages against the Property and general security agreements against the Companies (the "Romspen Security")
- unsecured creditorsnote: Document names no individual creditors for this figure. · page: 3 · as of: 2022-03-09 · basis: Claims received by Trustee as of 9:00 AM, March 9, 2022 (2 claims) · amount: 512972.1 · debtor: Eco-Industrial Business Park Inc. · creditor: Unsecured creditors (aggregate, claims received) · currency: CAD