Ontario · Bankruptcy
Trustee's Preliminary Report dated
Court officer report · 26 March 2024
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What we verified from this filing13 verified
- appointeeMNP Ltd.
- appointee rolelicensed insolvency trustee
- commencement date5 March 2024
- court file no31-3051821
- provinceOntario
- secured creditorsnote: PPSA search conducted February 26, 2024 shows registration in favour of RBC; amount per SOA claim as filed under Secured class is Nil, per Section E table; RBC also holding ~$411 on deposit exercising right of offset · page: 2 · as of: SOA (Statement of Affairs) · amount: 51499 · debtor: Credit Bureau Collections Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: PPSA registration (Ontario) over the Property; opinion on validity not obtained by Trustee
- unsecured creditorsnote: Deemed trust claim class; amount could change based on completion of 2024 T4s and CRA review of payroll records · page: 2 · as of: 2024 (unpaid source deductions in 2024) · basis: Trustee's preliminary estimate; not yet confirmed by CRA · amount: 9428 · debtor: Credit Bureau Collections Ltd. · creditor: CRA - Deemed Trust Claim (source deductions) · currency: CAD
- financial positionnote: Total liabilities of $91,974.00 per SOA is the sum of Secured $51,499, Contingent $1, Preferred Nil, Unsecured $40,474 as stated in the Section E table (reported total, not computed by extractor); Trustee has not determined admissibility or value of claims for dividend purposes · page: 4 · basis: Sworn Statement of Affairs (SOA), estimated realizable values, not reviewed or audited by Trustee · scope: Credit Bureau Collections Ltd. (single entity, bankrupt estate) · currency: CAD · total assets: 59359 · total liabilities: 91974
- unsecured creditorsnote: Related party - shareholder loan; included within the unsecured aggregate of $40,474 and coincides with proofs filed total of $14,800 · page: 4 · as of: SOA (Statement of Affairs) · basis: Statement of Affairs as reported · amount: 14800 · debtor: Credit Bureau Collections Ltd. · creditor: Shareholder (Dan Herbert or related party, unnamed in text) · currency: CAD
- unsecured creditorsnote: Proofs of claim filed and admitted for voting purposes only as of March 25, 2024 total $14,800.00 (labelled: proofs filed figure); document names shareholder ($14,800) and HST ($2,339) as components of this aggregate, plus various unnamed trade creditors · page: 4 · as of: SOA (Statement of Affairs) · basis: Statement of Affairs as reported · amount: 40474 · debtor: Credit Bureau Collections Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Owing on account of final HST period; distinct from separate CRA Deemed Trust Claim for unpaid source deductions · page: 4 · as of: final HST period · basis: Statement of Affairs as reported · amount: 2339 · debtor: Credit Bureau Collections Ltd. · creditor: Canada Revenue Agency (HST) · currency: CAD
- unsecured creditorsnote: Preferred claim class per Section E table; SOA claims for preferred shown as Nil, proofs filed total $13,394.28; preferred ranks ahead of ordinary unsecured · page: 4 · as of: proofs of claim filed and admitted for voting purposes only, as of 2024-03-25 · basis: Proof of claims filed and admitted for voting purposes only · amount: 13394.28 · debtor: Credit Bureau Collections Ltd. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Contingent claim listed at nominal $1 in SOA; claims punitive, aggravated, and special damages for wrongful dismissal and discrimination under Ontario Human Rights Code; no proof of claim filed as of March 25, 2024 · page: 4 · as of: SOA (Statement of Affairs) · basis: Statement of Affairs as reported · amount: 1 · debtor: Credit Bureau Collections Ltd. · creditor: Contingent claimant (former employee - wrongful dismissal/human rights claim) · currency: CAD