Quebec · NOI
Trustee's Preliminary Report to Creditors
Court officer report · 20 September 2017
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What we verified from this filing11 verified
- cash on handnote: Reported as 'Cash and other current assets' in the statement of affairs, in $000. · as at: 2017-09-01 · amount: 1000 · currency: CAD
- closing confirmedscope: the Canadian Assets · outcome: completed · effective: 2017-07-31 · purchaser: GBG USA Inc. · date basis: stated · approval order date: 2017-07-25
- financial positionnote: Statement of affairs figures in $000: TOTAL ASSETS 30; Secured creditors (372); Unsecured creditors (107,446); TOTAL LIABILITIES (107,818); TOTAL SURPLUS (DEFICIT) (107,788). · as at: 2017-09-01 · basis: Statement of affairs (unaudited books and records / management representations) · scope: BCBG Max Azria Canada Inc. (entity-level, bankrupt estate) · currency: CAD · total assets: 30000 · total liabilities: 107818000
- operational summaryBy the report date all Stores had been liquidated and closed, leases disclaimed, and the Canadian Assets (Partner Shops inventory and the HBC agreement) sold; BCBG Canada has ceased operations and holds no remaining assets other than a small deposit receivable.
- process resultsndas: 67 · solicited: 137
- purchaserGBG USA Inc.
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as there are little to no assets available for the unsecured creditors in the Bankrupt's estate (as described above). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 107400000 · interim final: unstated · claims qualifier: listed · stated on: 2017-09-20 · table missing:
- report date20 September 2017
- report noTrustee's Preliminary Report to Creditors
- sale advisorGordon Brothers Canada ULC; Merchant Retail Solutions ULC; A&G Realty Partners, LLC; Hilco Valuation Services, LLC
- sale outcometext: the sale of the Canadian Assets closed following Court approval · scope: parcel · status: closed