Saskatchewan · Court officer
Trustees Preliminary Report
Court officer report · 22 August 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 filing8 verified
- appointeeErnst & Young Inc.
- appointee roleTrustee in Bankruptcy
- commencement date4 August 2022
- courtCourt of Queen's Bench for Saskatchewan
- provinceSASKATCHEWAN
- statutory basisSection 43 of the Bankruptcy and Insolvency Act
- financial positionnote: The Inspector did not identify any property owned by EA Real Estate that was not fully encumbered as of February 25, 2022, with the exception of certain miscellaneous equipment which was already sold to settle Inspector fees; the Trustee does not anticipate any assets being available to the bankrupt estate. · basis: Trustee's preliminary evaluation of property, assets and undertakings; unaudited books and records of the Company · scope: EA Real Estate (single entity - the bankrupt estate) · currency: CAD
- operational summaryEA Real Estate has ceased business operations and is bankrupt, with no unencumbered assets identified and no assets anticipated to become available for distribution to creditors.