British Columbia · Bankruptcy
Trustee's Preliminary Report - September 11, 2020.pdf
Court officer report · 11 September 2020
What we verified from this filing14 verified
- appointeeGrant Thornton Limited
- appointee roletrustee
- commencement date27 August 2020
- courtDistrict of British Columbia
- court file noEstate No. 11-2667707
- provinceOntario
- statutory basisSection 49 of the Bankruptcy & Insolvency Act
- cash on handnote: Cash held in trust by Dentons Canada LLP for the bankruptcy estate, transferred to the Trustee's estate account. · as at: 2020-09-09 · amount: 30000 · currency: CAD
- financial positionnote: Statement of Affairs lists only Cash $30,000 as an asset; unsecured creditors listed totaling approximately $3,920,613; secured claims exist but are not quantified in this report. · basis: sworn Statement of Affairs · scope: entity - 9646396 Canada Inc. o.a. Dr. Roebuck's (Canada) · currency: CAD · total assets: 30000
- operational summaryDr. Roebuck's Canada has ceased operations, vacated its premises, and its sole asset (intellectual property) was sold as part of a global asset sale of the Dr. Roebuck's Group; the Trustee expects no funds will be available for unsecured creditors.
- professional feesnote: Estimate, not including any potential legal costs. · party: Trustee (Grant Thornton Limited) · amount: 25000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The Trustee further understands that the secured creditors have been paid in full from the proceeds of sale and have released their security interests in the Company. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As of the date of this report, the Trustee expects that there will be no funds available in the bankruptcy estate for distribution to the Company's 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: 2020-09-11 · table missing:
- report date11 September 2020
- report noTrustee's Report to Creditors on Preliminary Administration