Alberta · Bankruptcy
Trustee's Report on Preliminary Administration
Court officer report · undated
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What we verified from this filing13 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date18 May 2022
- court file noBKY 25-2831834
- proceeding typebia_bankruptcy
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- secured creditorsnote: Aggregate of five secured claims received; Trustee reviewing particulars in relation to the Wage Earner Protection Program Act · page: 2 · as of: date of this report · amount: 8000 · debtor: IvarTek Inc. · creditor: Wage earner claimants (five secured claims, aggregate) · currency: CAD · security: Statutory security under Section 81(3) of the BIA re: earned but unpaid employee vacation pay
- secured creditorsnote: Approximate amount per Trustee's understanding; claim subject to audit by CRA; no claim received from CRA as of report date; deemed trust class · page: 2 · as of: date of this report · amount: 260000 · debtor: IvarTek Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim re: unremitted payroll source deductions
- unsecured creditorsnote: Figure represents proofs of claim filed to date; document names no individual creditors · page: 2 · as of: date of this report · basis: several unsecured claims filed in the bankruptcy proceedings totalling $141,467.00 · amount: 141467 · debtor: IvarTek Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorspage: 3 · as of: date of this report · amount: 246014.15 · debtor: IvarTek Inc. · creditor: 1011051 Alberta Ltd. · currency: CAD · security: General security over assets of the Company (per PPR review); second ranking
- secured creditorsnote: Also operating lender holding Company's operating account · page: 3 · as of: date of this report · amount: 72125.02 · debtor: IvarTek Inc. · creditor: Servus Credit Union · currency: CAD · security: General security over assets of the Company (per PPR review); first ranking
- recovery outcomeentries: basis: estimated · quote: it is not anticipated there will be any distribution to the 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: 2022-06-06 · table missing: