Saskatchewan · Bankruptcy
Trustee's Preliminary Report
Court officer report · 12 May 2023
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What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date27 April 2023
- proceeding typebia_bankruptcy
- secured creditorsnote: Trustee anticipates secured wage claims to total $36,250.00 once fully administered (per para 19); Statement of Affairs listed wages/preferred secured claim at $26,199.92. · page: 2 · as of: 2023-05-12, 1:30pm CST (claims received) · amount: 21688.01 · debtor: McKay Career Training Inc. · creditor: Employees (WEPPA claims pursuant to s.81.3(1) BIA) · currency: CAD · security: Statutory super-priority for unpaid wages under s.81.3(1) BIA
- secured creditorsnote: Amount described as 'estimated sum' · page: 3 · amount: 28969.61 · debtor: McKay Career Training Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General Security Agreement registered at PPR on 2010-10-22
- secured creditorsnote: Specifics of security and amounts owed not yet known · page: 3 · debtor: McKay Career Training Inc. · creditor: Premium Data Office Supplies Inc. · currency: CAD · security: Security interest in certain equipment via lease
- unsecured creditorsnote: Document names no individual creditors; separate figure of $291,314.39 in unsecured proofs of claim received as at 2023-05-12, 1:30pm CST reported below. · page: 3 · as of: Statement of Affairs (as at date of bankruptcy) · basis: Summary of claims contained in McKay's Statement of Affairs · amount: 997460.51 · debtor: McKay Career Training Inc. · creditor: Unsecured creditors (aggregate as reported in Statement of Affairs) · currency: CAD
- unsecured creditorsnote: This is the proofs-filed figure, distinct from the Statement of Affairs reported total of $997,460.51. · page: 3 · as of: 2023-05-12, 1:30pm CST · basis: Summary of claims received (proofs of claim filed) · amount: 291314.39 · debtor: McKay Career Training Inc. · creditor: Unsecured creditors (proofs of claim received as at 2023-05-12) · currency: CAD
- unsecured creditorsnote: Deemed trust class; Trustee anticipates a CRA trust audit will determine total amount outstanding and deemed trust portion. Summary of claims received as at 2023-05-12 showed no deemed trust amount received yet. · page: 3 · as of: per books and records of McKay · basis: Books and records of McKay; Statement of Affairs listed Deemed Trust claim of $63,852.82 · amount: 63852.82 · debtor: McKay Career Training Inc. · creditor: Canada Revenue Agency (source deduction remittances / deemed trust) · currency: CAD
- unsecured creditorsnote: Preferred claim (wages); distinct from secured WEPPA claims received of $21,688.01 as at 2023-05-12. · page: 3 · as of: Statement of Affairs (as at date of bankruptcy) · basis: Summary of claims contained in Statement of Affairs · amount: 26199.92 · debtor: McKay Career Training Inc. · creditor: Employees (Wages/Preferred - Statement of Affairs) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: However, given the secured wage claims, the estimated deemed trust, and BDC's security interest, the Trustee does not anticipate a distribution. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: given the secured wage claims, the estimated deemed trust, and BDC's security interest · claims qualifier: unstated · table missing: