British Columbia · Bankruptcy
Trustee's Preliminary Report to the Creditors
Court officer report · 17 February 2022
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What we verified from this filing7 verified
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Total assets per Statement of Affairs comprises Computer Equipment $200, Machinery & Equipment $10,000, Cash in Bank $7,400, Security Deposits $260, Securities $12, Trademarks $1. Total liabilities not stated as a single figure on these pages; unsecured creditors reported separately at $1,164,821.75 (see unsecured_creditors entry). · page: 2 · basis: Statement of Affairs filed in the bankruptcy · scope: Maple Wellness Foods Corp. (single entity, bankrupt estate) · currency: CAD · total assets: 17873
- secured creditorsnote: Bank expected to claim set-off rights over cash in bank and securities (Vancity Class B shares); expected recovery unknown pending proof of claim. · page: 3 · amount: 40000 · debtor: Maple Wellness Foods Corp. · creditor: Vancity (Vancouver City Savings Credit Union) · currency: CAD · security: Set-off rights over Company's bank accounts and Class B membership shares (Securities)
- secured creditorsnote: Director advised all wages/vacation pay/compensation paid in full; Trustee does not anticipate claims under s.81.3(1). · page: 4 · as of: six-month period preceding date of bankruptcy · debtor: Maple Wellness Foods Corp. · creditor: Wage earners (employees) · currency: CAD · security: Statutory security under BIA s.81.3(1) over current assets (cash and accounts receivable), to the extent of $2,000 per employee
- secured creditorsnote: Trustee does not anticipate a debt owing to CRA re: payroll withholdings; all withheld amounts reportedly paid prior to bankruptcy. Deemed trust class claim. · page: 4 · as of: date of bankruptcy · debtor: Maple Wellness Foods Corp. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim over unremitted payroll deductions
- unsecured creditorsnote: Document names no individual unsecured creditors. As of date of report, 1 proof of claim filed representing approximately $118,120 in total creditor claims (proofs filed figure, distinct from reported SOA amount); no significant differences noted between SOA claims and claims filed to date. · page: 4 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 1164821.75 · debtor: Maple Wellness Foods Corp. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD