Quebec · NOI
Preliminary Administration Report of the Trustee (in French)
Court officer report · 15 November 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing10 verified
- closing confirmedscope: la quasi-totalité des actifs de Wirkn · outcome: completed · effective: 2022-10-28 · purchaser: 1000330141 Ontario Inc. · date basis: stated · approval order date: 2022-10-26
- financial positionnote: Document states no realizable assets are available: 'aucun actif réalisable n'est disponible, ceux-ci ayant été vendus à l'Acheteur le 28 octobre 2022'; liabilities break down as secured creditors (30K$), preferred unsecured (2K$) and ordinary unsecured (3,387K$). · as at: 2022-11-01 · basis: bilan statutaire (statutory balance sheet) of the bankrupt company · scope: entity - 9017739 Canada Inc. (formerly Wirkn Inc.) · currency: CAD · total liabilities: 3419000
- operational summaryFollowing the court-approved sale of substantially all of Wirkn's assets to a Flow Capital affiliate, the company became a non-operating, assetless bankrupt entity with no employees remaining, and is deemed to have made an assignment in bankruptcy as of November 1, 2022.
- process resultsbids: 1 · lois: 0 · note: Aucune lettre d'intention n'a été reçue dans le processus Mazars; aucune offre n'a été reçue dans l'appel d'offres du Syndic; l'Offre Flow est la seule offre reçue · as of: 2022-10-24
- professional feesnote: Amount paid by the Buyer to the trustee for its fees for the Notice of Intention period; a separate 50K$ deposit was also received from the Company prior to the Notice of Intention to secure payment of fees and administration costs. · party: Ernst & Young Inc. (Syndic / trustee to the Notice of Intention) · amount: 52400 · period: period ended at the closing of the asset sale transaction (October 28, 2022) · currency: CAD
- purchaser1000330141 Ontario Inc.
- report date15 November 2022
- report noRapport d'administration préliminaire du syndic aux créanciers
- sale advisorMazars
- sale outcometext: Vente de la quasi-totalité des actifs de Wirkn à l'Acheteur, complétée · scope: whole_business · status: closed