British Columbia · Bankruptcy
Trustee Report to Creditor
Court officer report · 17 June 2020
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What we verified from this filing11 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- proceeding typebia_bankruptcy
- appointeeThe Bowra Group Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date1 June 2020
- secured creditorsnote: Priority claim for wages under Wage Earner Protection Program; estimated claim in $000's table · page: 4 · as of: date of filing for bankruptcy · amount: 6000 · debtor: Shembi International Marketing (United Blvd) Inc. · creditor: Employees - WEPP · currency: CAD · security: Current assets
- secured creditorsnote: Personally guaranteed by owners; Thinking Capital supports bankruptcy proceeding, will not appoint receiver, and has agreed administration costs may be deducted from sale proceeds of secured assets; figure listed as estimated claim in $000's table · page: 4 · as of: date of filing for bankruptcy · amount: 250000 · debtor: Shembi International Marketing (United Blvd) Inc. · creditor: Thinking Capital Financial Corporation · currency: CAD · security: All property
- secured creditorsnote: Estimated claim, listed as priority/secured party in $000's table · page: 4 · as of: date of filing for bankruptcy · amount: 39000 · debtor: Shembi International Marketing (United Blvd) Inc. · creditor: Travelers Leasing Ltd. · currency: CAD · security: Specific vehicle
- secured creditorsnote: Deemed trust claim for unremitted source deductions; estimated claim in $000's table · page: 4 · as of: date of filing for bankruptcy · amount: 3000 · debtor: Shembi International Marketing (United Blvd) Inc. · creditor: CRA - Unremitted source deductions · currency: CAD · security: All property
- unsecured creditorsnote: Document names no individual creditors · page: 5 · as of: date of filing for bankruptcy · basis: Company's records indicate unsecured creditors of approximately $890,427 at the date of filing for bankruptcy · amount: 890427 · debtor: Shembi International Marketing (United Blvd) Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Based on our preliminary estimates, the realization of assets will not satisfy the claims of the secured creditors. Therefore, we believe there will be no recovery to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 890427 · interim final: unstated · claims qualifier: listed · stated on: 2020-06-17 · table missing: