British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 29 October 2024
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What we verified from this filing13 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- proceeding typebia_bankruptcy
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date10 October 2024
- financial positionnote: Company's only asset is an intercompany receivable of $6,026,626.15 due from QRD (Willoughby) Limited Partnership; Trustee estimates no recovery available. Total liabilities not stated as an aggregate. · page: 2 · basis: Trustee's preliminary evaluation; intercompany receivable estimated as no recovery available · scope: 1501068 B.C. Ltd. (Residual Co.) only · currency: CAD · total assets: 6026626.15
- secured creditorsnote: Estimated claim · page: 3 · as of: estimated claim, undated · amount: 4500000 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: WUBS Investments Ltd. · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- secured creditorsnote: Estimated claim · page: 3 · as of: estimated claim, undated · amount: 2820000 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: Steelcrest Construction Inc. · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- secured creditorsnote: Listed under 'Secured Creditors and Priority Creditors' table; amount labelled estimated claim · page: 3 · as of: estimated claim, undated · amount: 10500000 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: Overland Capital Canada Inc. · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- secured creditorsnote: Nominal $1 estimated claim · page: 3 · as of: estimated claim, undated · amount: 1 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: L2 Exterior Ltd. · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- secured creditorsnote: Nominal $1 estimated claim · page: 3 · as of: estimated claim, undated · amount: 1 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: P & J Concrete Plumbing Ltd. · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- secured creditorsnote: Estimated claim · page: 3 · as of: estimated claim, undated · amount: 7550000 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: Canadian Mortgage Servicing Corporation · currency: CAD · security: Potential security interest in assets sold in RVO Transaction
- unsecured creditorsnote: Document names no individual unsecured creditors; figure is approximate as stated · page: 4 · as of: Trustee's Report to Creditors, October 29, 2024 · basis: Trustee has determined that unsecured creditors with total claims of approximately $440,244.36 exist · amount: 440244.36 · debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD