Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 13 June 2023
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What we verified from this filing8 verified · 1 withheld
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- court file no35-2947509
- proceeding typebia_bankruptcy
- provinceOntario
- financial positionnote: Assets per Statement of Affairs estimated at liquidation value, primarily one outstanding account receivable. Liabilities per Statement of Affairs (Secured $0, Preferred $0, Unsecured $7,735,144.89, Total $7,735,144.89). Document states no secured creditors: 'there do not appear to be any creditors with valid security over the assets of the Company' per PPSA search. · page: 2 · basis: Statement of Affairs (as reported); assets estimated at liquidation value · scope: Xirix Network Corporation (single entity) · currency: CAD · total assets: 861214 · total liabilities: 7735144.89
- unsecured creditorsnote: Statement of Affairs listed this claim at $7,735,144.89 (approx., see note); proven and filed amount as of June 13, 2023 is $6,754,180.09. Arises from CRA HST audit disallowing input tax credits; outstanding balance of assessment stated as $6,754,180 as at date of bankruptcy. Only claim filed in the estate to date. · page: 2 · as of: 2023-06-13 · basis: Proven & Filed to June 13, 2023 · amount: 6754180.09 · debtor: Xirix Network Corporation · creditor: Canada Revenue Agency · currency: CAD
- secured creditors
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.