Ontario · NOI
Notice of Proposal - 1732427 Ontario Inc., dated October 19, 2018
Notice to creditors · 19 October 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- financial positionnote: Statement of Affairs shows Total assets $2,746,439.89 and Total liabilities $5,648,247.34, resulting in a stated Deficiency of $2,901,807.45. Liabilities include unsecured creditors $2,004,068.45, secured creditors $2,746,439.89, preferred creditors $0.00, and contingent/trust claims $0.00. · page: 20 · as at: 2018-07-02 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer, sworn/declared October 12, 2018 · scope: 1787930 Ontario Inc. cob as Messenger Freight Systems (entity level) · currency: CAD · total assets: 2746439.89 · total liabilities: 5648247.34
- secured creditorsnote: Statement of Affairs reports two related figures for secured claims (a 'balance of secured claims' of $897,739.00 and 'Secured creditors as per list B' of $2,746,439.89); document does not itemise individual secured creditors on these pages, so the stated total secured creditors figure is used as amount; components not summed. · page: 20 · as of: 2018-07-02 · amount: 2746439.89 · debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · creditor: Secured creditors (aggregate per list "B") · currency: CAD · security: Balance of secured claims as per list "B": $897,739.00; Secured creditors as per list "B": $2,746,439.89 (list itself not provided in these pages)
- unsecured creditorsnote: Document states only the aggregate figure for unsecured creditors as per list 'A'; no individual creditors named on these pages. Total unsecured creditors (including secured balance component) reported as $2,901,807.45. · page: 20 · as of: 2018-07-02 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer · amount: 2004068.45 · debtor: 1787930 Ontario Inc. cob as Messenger Freight Systems · creditor: Unsecured creditors (aggregate as per list "A") · currency: CAD
- recovery outcomeentries: basis: plan · quote: The Related Creditors claims shall receive no dividend under this Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Related Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proven Claims of the Preferred Creditors are to be paid in full in priority to the Proven Claims of the Unsecured Creditors in accordance with the BIA and the Proposal. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Estimated distribution to Unsecured Creditors (%) | 8.28% | · pct of: unstated · outcome: distribution · pct low: 8.28 · pct high: 8.28 · class key: unsecured · stated by: trustee · amount low: 158319 · amount high: 158319 · class label: Unsecured Creditors · claims amount: 1911706 · interim final: unstated · claims qualifier: estimated · stated on: 2018-10-22 · table missing: