British Columbia · NOI

Minutes and Attendance List Amended

Meeting materials · 11 March 2025

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 filing1 verified

financial positionnote: Total liabilities per Statement of Affairs: secured $3,807,148.68, employee priority $109,623.96, unsecured $5,810,368.08, total $9,727,140.72. Filed claims as of March 10, 2025: secured $3,853,206.53, employee priority $124,952.78, unsecured $1,561,497.42, total $5,539,656.73. Total assets not stated; Statement of Affairs reports accounts receivable and work in process with estimated realizable value of $650,001; trustee has collected $29,001 cash from RBC operating account and $15,584 from sale of laptop computers. Statement of Affairs amounts disputed by a creditor at meeting; Chairperson stated the claims process will more accurately determine amounts owed. · basis: Statement of Affairs filed in the bankruptcy (debtor-prepared); proofs of claim filed as of March 10, 2025 total $5,539,656.73 versus the Statement of Affairs figure. · scope: Virgin Law Corporation (single entity), bankruptcy estate no. 11-3149022 · currency: CAD · total liabilities: 9727140.72