Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 24 January 2024
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What we verified from this filing7 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date5 January 2024
- court file no31-3027593
- provinceOntario
- financial positionnote: Liabilities per SOA totaled $4,646,360.09 (Secured $1,465,931.37; Unsecured $3,180,428.72), while Claims as Filed as of 5:00 p.m. on January 23, 2024 totaled $940,209.99 (Secured $755,907.40; Unsecured $184,302.59); the Trustee has not yet admitted claims for distribution. · basis: Sworn Statement of Affairs (SOA) estimated realizable values; Trustee has not yet admitted claims for distribution · scope: 1681676 Ontario Inc., carrying on business as Artex Fashions (single bankrupt entity, non-consolidated) · currency: CAD · total assets: 200002 · total liabilities: 4646360.09
- recovery outcomeentries: basis: estimated · quote: The Company's assets do not have enough value to satisfy the claims of Artex's secured creditors, and therefore, the Trustee expects that the Company's unsecured creditors will not receive any distribution. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-01-24 · table missing: