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 filing10 verified
- financial positionnote: Deficiency of $190,276,739.48 reported. Assets consist almost entirely of investment accounts and a retainer (List H). Total unsecured creditors reported as $191,226,739.48 (includes $178,446,045.48 secured-claim deficiency); total secured creditors $32,992,378.88 (balance after security value); preferred and contingent claims both nil. · page: 3 · as at: 2021-07-12 · basis: Statement of Affairs (Form 78) - as stated and estimated by the officer (Sean McCoshen, former director) · scope: Entity - 7198362 Manitoba Ltd. only · currency: CAD · total assets: 33942378.88 · total liabilities: 224219118.36
- unsecured creditorspage: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 11408589 · debtor: 7198362 Manitoba Ltd. · creditor: 7047747 Manitoba Inc. · currency: CAD
- unsecured creditorsnote: Nominal $1.00 claim amount shown. · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: 7198362 Manitoba Ltd. · creditor: Alberta Treasury Board & Finance · currency: CAD
- unsecured creditorsnote: Represents the unsecured balance/deficiency of Bridging Income Fund LP's secured claim (see List B, page 5), where the secured claim's estimated security value ($27,947,775.52) was less than the amount of claim ($206,393,821.00). · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 178446045.48 · debtor: 7198362 Manitoba Ltd. · creditor: Bridging Income Fund LP (deficiency/balance of secured claim) · currency: CAD
- unsecured creditorsnote: Separate unsecured claim listed distinctly from the secured-deficiency claim above. · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1372101 · debtor: 7198362 Manitoba Ltd. · creditor: Bridging Income Fund LP · currency: CAD
- unsecured creditorsnote: CRA claim (nominal $1.00 shown); may relate to deemed-trust class obligations. · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: 7198362 Manitoba Ltd. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorsnote: Nominal $1.00 claim amount shown. · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: 7198362 Manitoba Ltd. · creditor: WCB Workers Compensation Board of Alberta · currency: CAD
- unsecured creditorsnote: CRA claim (nominal $1.00 shown); may relate to deemed-trust class obligations. · page: 4 · as of: 2021-07-12 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: 7198362 Manitoba Ltd. · creditor: CRA - Service Canada · currency: CAD
- secured creditorsnote: Claim bifurcated by security valuation per SOA List B: secured value limited to estimated security value of $27,947,775.52; balance of claim ($178,446,045.48) reported as unsecured deficiency on List A. · page: 5 · as of: 2021-07-12 · amount: 206393821 · debtor: 7198362 Manitoba Ltd. · creditor: Bridging Income Fund LP · currency: CAD · security: Other - Investment account with Cannacord Genuity Wealth Management (security given 03-Mar-2021); estimated value of security $27,947,775.52
- secured creditorsnote: Fully secured per SOA List B - no balance of claim/deficiency shown. · page: 5 · as of: 2021-07-12 · amount: 5044603.36 · debtor: 7198362 Manitoba Ltd. · creditor: National Bank Financial Group (bankruptcy) c/o FCT Default Solutions · currency: CAD · security: Other - Investment account with National Bank (security given 26-Jan-2021); estimated value of security $5,044,603.36