Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 27 September 2023
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What we verified from this filing17 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date7 September 2023
- court file no33-2983557
- proceeding typebia_bankruptcy
- provinceOntario
- secured creditorsnote: No proceeds for the estate determined · page: 1 · debtor: Tankhouse Development Inc. · creditor: North Kef Corp. · currency: CAD · security: General security agreement over 200 kegs
- secured creditorsnote: Priority to be determined and approved by the Court · page: 1 · debtor: Tankhouse Development Inc. · creditor: Ministry of Finance · currency: CAD · security: Security interest over plant, machinery and equipment
- secured creditorspage: 1 · debtor: Tankhouse Development Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Registered mortgage on title, 86 River Road, Corbyville, Ontario
- secured creditorspage: 1 · debtor: Tankhouse Development Inc. · creditor: Trenval Business Development · currency: CAD · security: Registered mortgage on title, 86 River Road, Corbyville, Ontario; also general security agreement over equipment
- secured creditorspage: 1 · debtor: Tankhouse Development Inc. · creditor: Farm Credit Canada · currency: CAD · security: Registered mortgage on title, 86 River Road, Corbyville, Ontario; also general security agreement over equipment
- secured creditorsnote: Priority to be determined and approved by the Court; deemed trust class · page: 1 · debtor: Tankhouse Development Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Security interest over plant, machinery and equipment
- secured creditorsnote: No proceeds for the estate determined · page: 1 · debtor: Tankhouse Development Inc. · creditor: Mitsubishi HC Capital Canada Leasing Inc · currency: CAD · security: General security agreement over canning lines
- statutory basisthe Bankruptcy and Insolvency Act
- financial positionnote: Two columns presented: Debtor's Sworn Statement figures (Total Assets $2,290,000.00, Total Liabilities $4,328,194.00, Apparent Deficit -$2,038,194.00) and LIT's Estimated Realization (Total Assets $0.00, Total Liabilities $4,328,194.00, Apparent Deficit -$4,328,194.00); LIT estimates 0% dividend to unsecured creditors · page: 3 · as at: 2023-09-06 · basis: As per Debtor's Sworn Statement of Affairs dated September 6, 2023, compared with LIT's Estimated Realization (assets estimated at $0.00, liabilities unchanged at $4,328,194.00) · scope: Tankhouse Development Inc. (entity level) · currency: CAD · total assets: 2290000 · total liabilities: 4328194
- unsecured creditorsnote: Document names no individual creditors; figure identical in Debtor's sworn statement and LIT's estimate · page: 3 · as of: 2023-09-06 · basis: As per Debtor's Sworn Statement of Affairs dated September 6, 2023; confirmed unchanged in LIT's estimated realization · amount: 2038194 · debtor: Tankhouse Development Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: As a result of the receivership, there will be no proceeds in the bankruptcy. · pct of: unstated · outcome: nil · class key: secured · stated by: trustee · class label: Class II - Plant, Machinery and Equipment and Office Equipment · interim final: unstated · claims qualifier: unstated · stated on: 2023-09-27 · table missing: