Ontario · Receivership (court-appointed)

Trustees Preliminary Report - January 28, 2021.pdf

Court officer report · 28 January 2021

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 filing2 verified

financial positionnote: Components only, not summed: Accounts receivable book value $2,162,873 as at the date of the receivership; inventory and machinery/equipment mostly sold via Tiger Auctions or by Receiver (quantum not stated); no real estate owned; 'Other Assets: None.' Claims: Secured Creditors as per records $10,116,493.50 (as filed $0.00); Preferred Creditors $0.00/$0.00; Unsecured Creditors as per records $1,355,366.90 (as filed $214,182.71). · basis: Company's books and records; receiver-provided information · scope: entity - Westbury National Show Systems Ltd. · currency: CAD
recovery outcomeentries: basis: estimated · quote: The Bankruptcy Trustee does not anticipate that there will be any distribution 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: 2021-01-28 · table missing: