Quebec · Bankruptcy
Trustee's Report on Preliminary Administration (French only)
Court officer report · 7 June 2023
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What we verified from this filing3 verified
- financial positionnote: Liabilities total ($769,538) comprises secured claims $375,000, unsecured (deemed trust – source deductions) $0, and ordinary unsecured claims $394,538, as declared on the balance sheet; a separate 'received to date' column ($737,839 total) reflects post-filing proofs of claim/recoveries and is not the pre-filing balance sheet figure. Asset book value $173,690 with $0 realized as of the report date (2023-06-07). · page: 2 · basis: As declared on the bankrupt's balance sheet ("tel que déclaré au bilan"); asset values are book/declared values, largely unrealized (Ø) as of report date · scope: Le Studio nGenious Inc. (single entity, bankrupt estate) · currency: CAD · total assets: 173690 · total liabilities: 769538
- secured creditorsnote: Amount received to date (post-filing) reported separately at $200,000; syndic mandated by RBC to sell computer equipment subject to its security via call for tenders; legal opinion on validity of security under s.13.4 BIA pending (Me Lyne Guilbault, Avens Legal); rank based solely on RDPRM registration, not a legal opinion on validity/priority. · page: 3 · as of: as declared on balance sheet (date of bankruptcy, 2023-05-08) · amount: 250000 · debtor: Le Studio nGenious Inc. · creditor: RBC Banque Royale (Royal Bank of Canada) · currency: CAD · security: Hypothèque conventionnelle universelle de premier rang (registered per RDPRM)
- secured creditorsnote: Amount received to date (post-filing) reported separately at $126,199; legal opinion on validity of security under s.13.4 BIA pending (Me Lyne Guilbault, Avens Legal); rank based solely on RDPRM registration, not a legal opinion on validity/priority. · page: 3 · as of: as declared on balance sheet (date of bankruptcy, 2023-05-08) · amount: 125000 · debtor: Le Studio nGenious Inc. · creditor: Société de développement économique (SODEC) · currency: CAD · security: Hypothèque conventionnelle universelle de second rang (registered per RDPRM), subordinate to RBC's first-rank hypothec