Ontario · Bankruptcy
Trustee's Preliminary Report dated
Court officer report · 13 July 2023
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date30 June 2023
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Total assets comprise Inventory $3,599,602, Accounts Receivable $126,181, Deposits in financial institutions $584,000, as reported in Trustee's preliminary evaluation; total liabilities are sum of Secured $3,134,658.99, Preferred Nil, Unsecured $1,881,938.79 as stated in the Trustee's own provable claims table (document's own total, not computed by extractor); Trustee has not determined admissibility of claims for distribution purposes · page: 5 · basis: Assets per Company's Statement of Affairs (realizable value, unaudited books and records); Liabilities per Total Claims Filed To Date as at 5:00 PM Toronto time July 13, 2023 · scope: Hunter Boot (Canada) Inc., single entity · currency: CAD · total assets: 4309783 · total liabilities: 5016597.36
- secured creditorsnote: Statement of Affairs listed $3,131,824.99; Trustee also separately estimated indebtedness at Date of Bankruptcy of approximately $3,131,825; security opinion from WeirFoulds LLP confirms validity and enforceability as against the Company and effectiveness against the Trustee; Wells Fargo agreed to subordinate its interest to the extent of administrative costs of the bankruptcy · page: 5 · as of: 2023-07-13 (proofs of claim filed to date, as at 5:00 PM Toronto time July 13, 2023) · amount: 3134658.99 · debtor: Hunter Boot (Canada) Inc. · creditor: Wells Fargo Capital Finance (UK) Limited · currency: CAD · security: General security agreement dated October 19, 2017 granting security interest in all of the Company's property; agent and trustee for certain secured creditors
- unsecured creditorsnote: Preferred claims listed as Nil in both Statement of Affairs and Total Claims Filed To Date; preferred class ranks ahead of ordinary unsecured claims · page: 5 · as of: 2023-07-13 (proofs of claim filed to date) · basis: Total Claims Filed To Date per Trustee's provable claims summary · amount: 0 · debtor: Hunter Boot (Canada) Inc. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Statement of Affairs reported unsecured claims of $2,465,198.32; document names no individual unsecured creditors · page: 5 · as of: 2023-07-13 (proofs of claim filed to date, as at 5:00 PM Toronto time) · basis: Total Claims Filed To Date per Trustee's provable claims summary · amount: 1881938.79 · debtor: Hunter Boot (Canada) Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: At this time, the Trustee is unable to comment on whether the realizations from the Company's assets will be sufficient to satisfy the Company's obligations to Wells Fargo and/or the extent of any distribution to unsecured creditors. · pct of: unstated · outcome: undetermined · class key: secured · stated by: trustee · class label: Wells Fargo · creditor name: Wells Fargo Capital Finance (UK) Limited · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: At this time, the Trustee is unable to comment on whether the realizations from the Company's assets will be sufficient to satisfy the Company's obligations to Wells Fargo and/or the extent of any distribution to unsecured creditors. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: