Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 12 September 2024
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date26 August 2024
- court file no32-3120376
- provinceOntario
- cash on handnote: Funds collected pre-filing and transferred to the Trustee, held in the Estate's trust account, per SOA. · amount: 14965 · currency: CAD
- financial positionnote: Asset components per SOA: Deposits in Financial Institution $6,839.45; Equipment $176,009; Vehicles $81,900; Funds provided to MNP $14,965. Liability figures are as per SOA (Secured $218,206.43; Unsecured $129,082.92); Claims as filed as of Sept 12, 2024 were Nil for both groups. · basis: Sworn Statement of Affairs (SOA) · scope: Amma Custom Fabrication & Railing Inc. bankrupt estate (single entity) · currency: CAD · total assets: 279713.45 · total liabilities: 347289.35
- operational summaryAmma ceased operations upon its August 2024 bankruptcy filing; its vehicles were seized and stored, and the Trustee is assessing whether to take possession of or abandon the Equipment at the leased premises, which is subject to a landlord distraint.
- recovery outcomeentries: basis: estimated · quote: The Trustee is currently unable to estimate the amount of funds that may be available for distribution. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Company has also informed the Trustee that TD has been paid in full, and no amounts are currently owed to them. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: TD · creditor name: Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated · stated on: 2024-09-12 · table missing:
- report date12 September 2024
- report noPreliminary Report