Ontario · NOI
Trustee's Report on Preliminary Administration
Court officer report · 11 November 2024
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What we verified from this filing10 verified
- closing confirmedscope: the Purchased Assets · outcome: completed · effective: 2024-10-15 · purchaser: Windermere Investment Corp. · date basis: stated · approval order date: 2024-10-04
- financial positionnote: No total liabilities stated; components only: unsecured creditors approximately $1,398,556.27 (predominantly trade suppliers); Convertible Notes not formally extinguished, amount owing to be determined; no amounts owing to preferred creditors; secured claim extinguished via Credit Bid. · as at: 2024-10-26 · basis: Statement of Affairs · scope: entity - Wholly Veggie Inc. · currency: CAD · total assets: 0
- operational summaryWholly Veggie's operating assets and employees were transferred to a newly formed purchaser (NewCo) under a completed sale transaction, leaving the bankrupt estate with no assets, no employees, and only statutory administrative activities remaining.
- process resultsbids: 0 · note: No other bids were received by the Bid Deadline and the Stalking Horse Bidder was considered the successful bidder under the SISP. · as of: 2024-09-27
- purchaserWindermere Investment Corp.
- recovery outcomeentries: basis: estimated · quote: As at the date of this report, it is anticipated that there will be no funds available for a distribution amongst the creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-11-11 · table missing:
- report date11 November 2024
- report noFirst Report
- sale outcometext: the sale transaction between Wholly Veggie and Stalking Horse Bidder closed · scope: whole_business · status: closed
- stalking horseWindermere Investment Corp.