Ontario · Bankruptcy

Preliminary Report to Creditors

Court officer report · 18 April 2019

A plain-language read of this filing opens with a subscription.

What we verified from this filing4 verified

financial positionnote: Assets not summed to a total: Machinery and Equipment Original Cost - $723,396 as at March 29, 2019, with the SOA reflecting a net estimated realizable value of the equipment of $425,000 based on liquidator interest. Liabilities per SOA: Secured $125,000.00, Preferred Nil, Unsecured $1,140,072.64, Total $1,265,072.64. Separately, Proofs of Claim filed to date as at April 18, 2019 totaled $13,962.11 (Secured $1,938.32; Preferred Nil; Unsecured $12,023.79). · as at: 2019-03-29 · basis: Statement of Affairs (SOA) · scope: Crystal Clear Vision Canada Inc. (entity-level) · currency: CAD · total liabilities: 1265072.64
operational summaryCCV, a laser eye surgery clinic, ceased operations after its US parent withdrew funding and filed an assignment in bankruptcy; its equipment and furniture have been removed from the former leased premises by a liquidator for auction, and the Trustee has not occupied the premises.
professional feesnote: Described as a third-party deposit for fees and expenses, refundable if estate realizations are sufficient to cover them; not a stated incurred fee amount. · party: The Fuller Landau Group Inc. (Trustee) · amount: 15000 · currency: CAD
report date18 April 2019