Alberta · Bankruptcy

Creditor' Package

Meeting materials · 29 April 2024

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What we verified from this filing19 verified

financial positionnote: Statement of Affairs reports a deficiency of $8,034,798.27 (total liabilities $21,240,652.27 less total assets $13,205,854.00). Total liabilities comprise total unsecured creditors $8,034,798.27 (unsecured $5,668,300.86 plus balance of secured claims $2,366,497.41) and secured creditors per List 'B' $13,205,854.00; preferred creditors and contingent/other liabilities are nil. · page: 5 · as at: 2024-04-25 · basis: Statement of Affairs (Form 78) - as stated and estimated by the officer (MNP Ltd., in its capacity as Receiver and Manager) · scope: Symphony Condominium Ltd. (entity level) · currency: CAD · total assets: 13205854 · total liabilities: 21240652.27
unsecured creditorsnote: Nominal $1.00 claim as listed on List 'A'. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: Alberta Infrastructure · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2213.08 · debtor: Symphony Condominium Ltd. · creditor: Alberta Treasury Board & Finance · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 5589076.6 · debtor: Symphony Condominium Ltd. · creditor: Canada ICI Capital Corporation · currency: CAD
unsecured creditorsnote: Nature of claim: municipal property taxes; nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: City of Edmonton · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim (Insolvency Intake Centre). · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: CRA - Tax - Pacific · currency: CAD
unsecured creditorsnote: GST/Payroll indebtedness - deemed trust class. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 64898.18 · debtor: Symphony Condominium Ltd. · creditor: CRA - Tax - Prairies · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1155 · debtor: Symphony Condominium Ltd. · creditor: Crowe MacKay LLP · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: Direct Energy Regulated Services · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: Epcor · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: First National GP Financial Corporation · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed; bank listed as unsecured on this record. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: HSBC Bank Canada · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: KDM Management Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: Metergy Solutions Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 10947 · debtor: Symphony Condominium Ltd. · creditor: Scheffer Andrew Ltd. · currency: CAD
unsecured creditorsnote: Bifurcated deficiency claim: unsecured claim $1.00 plus balance of claim $2,709,467.41 after deducting estimated value of security from this creditor's secured claim recorded in List 'B' (page 7). · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2709468.41 · debtor: Symphony Condominium Ltd. · creditor: Timbercreek Mortgage Servicing Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 claim as listed. · page: 6 · as of: 2024-04-25 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Symphony Condominium Ltd. · creditor: WCB Workers Compensation Board of Alberta · currency: CAD
secured creditorsnote: Claim bifurcated by security valuation: estimated value of security $12,862,884.00 (List 'B'); resulting balance/deficiency of $2,709,467.41 is listed as this same creditor's unsecured claim in List 'A' (page 6). Statement of Affairs summary line 'Secured creditors as per list B' shows $13,205,854.00, which appears to be a balancing figure equal to total reported assets rather than the creditor's actual claim; the amount reported here is the specific 'Amount of claim' stated for this creditor in List 'B'. · page: 7 · as of: 2024-04-25 · amount: 15572351.41 · debtor: Symphony Condominium Ltd. · creditor: Timbercreek Mortgage Servicing Inc. · currency: CAD · security: Real property/immovable mortgages on Building - Calgary (9720 106 Street NW) and Building - Edmonton (9720 106 Street NW); other deposits held in trust; deposit held in trust (pending litigation); cash on hand held by Receiver. Security given 25-Jun-2019 (List 'B').
recovery outcomeentries: basis: estimated · quote: In this case, no funds are anticipated to be available for distribution to creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · conditional on: should funds become available for distribution to creditors · claims qualifier: unstated · stated on: 2024-04-29 · table missing: