Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 21 October 2024
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What we verified from this filing7 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date3 October 2024
- court file no31-460006
- provinceOntario
- financial positionnote: Assets listed by category only, no total given in SOA: Deposits in Financial Institutions $27,928.00; Accounts Receivable $71,557.07; Machinery and Equipment $8,799.08; Furniture $3,100.00; SR&ED credits $43,000.00; GST/HST Refund $9,855.65; Interest in subsidiaries $5.00; Intellectual Property $1.00; Prepaid Expenses $1.00. Liabilities per SOA: Secured $3,376,738; Unsecured $1,815,802; Total $5,192,540. Claims as filed (as of Oct 21, 2024, 5:00 p.m.): Secured Nil; Unsecured $670,123.06; Total $670,123.06. · basis: Statement of Affairs (SOA) estimates; separately, claims as filed as of 5:00 p.m. October 21, 2024 · scope: ARHT Media Inc. (the bankrupt estate), entity-level only · currency: CAD · total liabilities: 5192540
- recovery outcomeentries: basis: estimated · quote: Given the information provided and considering that all assets are encumbered by security interests, the Trustee anticipates no distributions to unsecured and preferred creditors in the bankruptcy proceedings. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: unsecured and preferred creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the information provided and considering that all assets are encumbered by security interests, the Trustee anticipates no distributions to unsecured and preferred creditors in the bankruptcy proceedings. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred creditors · interim final: unstated · claims qualifier: unstated · table missing: