Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 5 May 2026
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What we verified from this filing9 verified
- appointeeMNP Ltd.
- commencement date14 April 2026
- court file no31-3356418
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- appointee roleTrustee of the Estate of the Bankrupt
- financial positionnote: Asset components per SOA: Promissory Notes $68,400.00; Vehicles (4) $141,444.25; Leased Vehicles (4) $85,000.00; Total $294,844.25. Liability components per SOA: Secured $334,805.00; Unsecured $2,408,365.25; Contingent $1,437,520.00; Total $4,180,690.25. Admitted for Voting figures: Secured $338,475.00; Unsecured $3,636,291.72; Contingent $0.00; Total $3,974,766.72. · basis: Statement of Affairs (SOA) sworn estimates; a second column shows claims 'Admitted for Voting' as of 5:00 PM May 4, 2026, which differs from the SOA figures and is for voting purposes only, not dividend distribution · scope: entity - Midland Chrysler Dodge Jeep Ram Ltd. (the bankrupt estate) · currency: CAD · total assets: 294844.25 · total liabilities: 4180690.25
- recovery outcomeentries: basis: estimated · quote: Subject to obtaining an independent legal opinion to confirm the validity and enforceability of TD's security, TD is expected to suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: TD · creditor name: TD · interim final: unstated · related party: false · conditional on: Subject to obtaining an independent legal opinion to confirm the validity and enforceability of TD's security · claims qualifier: unstated; basis: estimated · quote: It is anticipated there will be no distributions to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-05 · table missing: