New Brunswick · NOI
Trustee's Report to the first Meeting of Creditors [ ]
Court officer report · 11 January 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- courtIN THE COURT OF QUEEN'S BENCH OF NEW BRUNSWICK
- court file no25597
- provinceNEW BRUNSWICK
- commencement date21 December 2021
- financial positionnote: Assets table lists categories (Cash, Inventory, Equipment, Leasehold improvements, Intangible assets) with no dollar values, referring instead to Notes 1-3; Total row shown as '-'. Cash confirmed nil by HSBC due to pre-bankruptcy payments and bank charges; Trustee did not take possession of inventory/equipment due to estimated negative net realizable value. Liabilities breakdown: Preferred (employees) $54,000; Secured (Vault Credit Corporation $29,400; Courchesne Larose LTD $1,616,122) $1,645,522; Unsecured (Trade payables incl. employee compensation $2,064,732; CEBA RBC Loan $60,000) $2,124,732. · as at: 2021-12-21 · basis: Statement of Affairs (Form 78) figures per the Debtor's unaudited books and records; Trustee has not audited or reviewed in detail · scope: entity - Tomavo Inc. · currency: CAD · total liabilities: 3824254
- recovery outcomeentries: basis: estimated · quote: Given the absence of assets and the amount in the bank account is less than the secured claim, the Trustee does not anticipate the payment of a dividend to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-01-11 · table missing: