Ontario · Bankruptcy
Trustee's Preliminary Report - February 12, 2021.pdf
Court officer report · 12 February 2021
What we verified from this filing6 verified
- financial positionnote: As of the date of bankruptcy, there are no other known assets remaining in the estate. Per SOA: Secured Creditors $0; Preferred Creditors $0; Unsecured Creditors $351,867 (later proofs of claim received: Unsecured Creditors $16,235). · basis: Statement of Affairs · scope: entity: Ontario Stone Depot Inc. · currency: CAD
- operational summaryThe Company's operations ceased following receivership, with all assets (receivables, inventory, equipment, and real property) sold by the Receiver; proceeds are insufficient to cover the secured creditor's claim, leaving no assets or expected distribution for unsecured creditors.
- professional feesnote: No specific fee amount stated; fees and disbursements are being funded by the secured creditor via the receivership proceedings. · party: Trustee · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Therefore, it is not expected that there will be a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-02-12 · table missing:
- report date12 February 2021
- report noTrustee's Report on its Preliminary Administration