Ontario · Bankruptcy
Trustee’s Preliminary Report
Court officer report · 23 June 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing11 verified
- appointeeGoldhar & Associates Ltd.
- appointee roleTrustee
- commencement date3 June 2021
- court file no31-2742434
- provinceONTARIO
- financial positionnote: Assets: Cash in Bank - RBC Royal Bank $350.00 per SOA. Liabilities per SOA/Proofs of Claim table: Trust Nil, Secured $350,000, Preferred Nil, Unsecured $1,485,003.00, Total $1,835,003.00. No proofs of claim filed as of June 23, 2021. · page: 3 · basis: Statement of Affairs (SOA), not audited or verified by the Trustee · scope: Amalgam Eleven Ltd. (entity level) · currency: CAD · total assets: 350 · total liabilities: 1835003
- secured creditorsnote: PPSA search conducted April 12, 2021 · page: 3 · as of: Statement of Affairs · amount: 85000 · debtor: Amalgam Eleven Ltd. · creditor: Merchant Opportunities Fund Limited Partnership (formerly Merchant Advance Capital) · currency: CAD · security: PPSA registration over Inventory/Equipment/Accounts/Other/Motor Vehicle
- secured creditorsnote: PPSA search conducted April 12, 2021 · page: 3 · as of: Statement of Affairs · amount: 350000 · debtor: Amalgam Eleven Ltd. · creditor: International Franchise Inc. · currency: CAD · security: PPSA registration over Inventory/Equipment/Accounts/Other/Motor Vehicle
- statutory basisSection 49(4) of the Bankruptcy and Insolvency Act
- unsecured creditorsnote: Document names no individual unsecured creditors; 6 creditors comprising this class per SOA table; no proofs of claim filed as of June 23, 2021 (Nil filed) · page: 4 · as of: Statement of Affairs · basis: Amount as per the Statement of Affairs · amount: 1485003 · debtor: Amalgam Eleven Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee does not anticipate any distribution will be made to ordinary creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary creditors · interim final: unstated · claims qualifier: unstated · table missing: