Nova Scotia · Bankruptcy
Trustee’s Preliminary Report to Creditors
Court officer report · 18 January 2013
What we verified from this filing9 verified
- courtNOVA SCOTIA BANKRUPTCY COURT
- court file no36960
- proceeding typebia_bankruptcy
- statutory basisThe Bankruptcy and Insolvency Act, a federal act in Canada
- appointeeDeloitte & Touche Inc.
- appointee roletrustee
- commencement date31 December 2012
- financial positionnote: Deficit before professional fees estimated at $(9,461,739); liabilities include secured creditor (secured and unsecured portions), unsecured intercompany creditor, and other unsecured creditor claims. · as at: 2012-12-27 · basis: unaudited Statement of Affairs, estimate of net realization value (book value also shown: $11,012,834 in assets) · scope: Homco Realty Fund (76) Limited Partnership (entity only, not consolidated) · currency: CAD · total assets: 10993796 · total liabilities: 20455535
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that the proceeds that will be realized from the liquidation of all of H76's assets which are not secured in favor of ABN (totaling $0.3M as per the Statement of Affairs) could result in a dividend ranging from 0 to 3 cents on the dollar to the unsecured creditors (who have claims totaling $9.8M as per the Statement of Affairs). · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 3 · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 9800000 · interim final: unstated · claims qualifier: listed · table missing: