Quebec · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 13 December 2016
What we verified from this filing8 verified
- appointeeDeloitte Restructuring Inc.
- appointee roleTrustee
- courtSUPERIOR COURT
- court file no500-11-051692-164
- provinceQUEBEC
- commencement date22 November 2016
- financial positionnote: Assets line shown as '-' (no assets); Liabilities: Unsecured creditor - Intercompany 10,206,915; Surplus (deficit) before professional fees (10,206,915) · as at: 2016-11-22 · basis: unaudited Statement of Affairs · scope: entity - HII (105) GP Inc. (GP105) only · currency: CAD · total assets: 0 · total liabilities: 10206915
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as there is no asset in the Bankrupt's estate (as described above). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The balance of the loan of approximately $5.5M was repaid in full to HII (as secured creditor subrogated in the rights of HSBC) out of the sale proceeds. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · amount low: 5500000 · amount high: 5500000 · class label: HII (secured creditor subrogated in the rights of HSBC) · creditor name: HII · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The amount of the dividend to the unsecured creditor will depend namely on the total amount of claims that will be proven by creditors before the dividend distribution and on the costs of administration of the estate. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors (Homco 105) · interim final: unstated · claims qualifier: unstated · stated on: 2016-12-13 · table missing: