Quebec · Bankruptcy
Trustee's Report to the Creditors on Preliminary Administration
Court officer report · 24 May 2017
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What we verified from this filing11 verified
- appointee roleTrustee
- courtSUPERIOR COURT
- court file no500-11-052508-179
- provinceQUEBEC
- appointeeDeloitte Restructuring Inc.
- commencement date3 May 2017
- financial positionnote: Estimated Net Realization Value of assets is '-' (nil); resulting deficit of unsecured creditors estimated at (1,751,400). · as at: 2017-04-25 · basis: unaudited book value per Statement of Affairs; Estimated Net Realization Value of assets shown as nil (-) · scope: entity - Harirela Investments Ltd. (HIL) individually, not consolidated with subsidiary HHL · currency: CAD · total assets: 1750303 · total liabilities: 1751400
- operational summaryHIL is a holding company whose only asset was shares of its subsidiary HHL, which sold its Hotel in October 2015 and later went bankrupt; HIL itself has no operations and filed for bankruptcy due to its liabilities linked to HHL's insolvency.
- professional feesnote: Fees and disbursements to be paid by an affiliated entity of HIL under a separate agreement; no amount stated. · party: Deloitte Restructuring Inc. (Trustee) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as the Trustee does not expect to be able to realize any value from the liquidation of the Bankrupt's assets (as illustrated in the Statement of Affairs). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-05-24 · table missing:
- report date24 May 2017