Manitoba · Bankruptcy
Trustee's Preliminary Report
Court officer report · 4 September 2019
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing13 verified
- appointeePricewaterhouseCoopers Inc.
- appointee roleTrustee in Bankruptcy
- commencement date13 August 2019
- secured creditorsnote: Amount stated per Statement of Affairs as components in a table not captured in extractable text; do not sum. · page: 3 · as of: Statement of Affairs · debtor: Shopost Ltd. · creditor: Canadian Western Bank · currency: CAD · security: Revolving demand loan facility, corporate credit card facility, and non-revolving equipment facility (collectively the Credit Facilities); table of amounts owed not reproduced in extracted text
- unsecured creditorsnote: Deemed trust class; ranks ahead of ordinary secured/unsecured per Trustee's stated priority view. Trustee anticipates CRA will amend and increase this claim for arrears accrued between July 1, 2019 and the date of bankruptcy. Also reported separately as 'CRA Property Claim $761,254.17' under Provable Claims. · page: 3 · as of: arrears up to June 30, 2019 · basis: Deemed trust claim filed with the Trustee · amount: 761254.17 · debtor: Shopost Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Related party per Trustee's statement; also shareholder/director who provided a $31,500 third-party deposit (see note re guarantees/deposit, page 7). · page: 4 · as of: Statement of Affairs · debtor: Shopost Ltd. · creditor: Wolfgang Rolke · currency: CAD · security: Security interest registered on Personal Property Registry of Manitoba; amount per Statement of Affairs not extractable from table
- secured creditorsnote: Related party per Trustee's statement. · page: 4 · as of: Statement of Affairs · debtor: Shopost Ltd. · creditor: Janet Brunger · currency: CAD · security: Security interest registered on Personal Property Registry of Manitoba; amount per Statement of Affairs not extractable from table
- secured creditorsnote: Related party per Trustee's statement. · page: 4 · as of: Statement of Affairs · debtor: Shopost Ltd. · creditor: Devyn Rolke · currency: CAD · security: Security interest registered on Personal Property Registry of Manitoba; amount per Statement of Affairs not extractable from table
- secured creditorsnote: Related party per Trustee's statement. · page: 4 · as of: Statement of Affairs · debtor: Shopost Ltd. · creditor: 3830684 Manitoba Ltd. · currency: CAD · security: Security interest registered on Personal Property Registry of Manitoba; amount per Statement of Affairs not extractable from table
- unsecured creditorsnote: Preferred/secured split: approximately $34,000 of this amount may be subject to BIA s.81.3 security (super-priority for wages); remainder is ordinary unsecured. Approximate figure per Trustee, not an exact dated balance. · page: 4 · as of: date of bankruptcy · basis: Trustee's estimate based on Company's records · amount: 176000 · debtor: Shopost Ltd. · creditor: Former employees of Shopost Ltd. (unpaid wages, benefits, vacation and termination pay) · currency: CAD
- secured creditorsnote: Aggregate figure reported under 'Provable Claims'; distinct from CRA's separate Property Claim ($761,254.17) and Deemed Trust Claim. · page: 6 · as of: date of preparing this Report · amount: 131312.74 · debtor: Shopost Ltd. · creditor: Total secured claims filed with PwC · currency: CAD · security: Aggregate of secured claims filed with the Trustee
- unsecured creditorsnote: Preferred class explicitly reported as nil as at date of report. · page: 6 · as of: date of preparing this Report · basis: Aggregate reported under 'Provable Claims' · amount: 0 · debtor: Shopost Ltd. · creditor: Preferred claims filed with PwC · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors in the extracted pages. · page: 6 · as of: date of preparing this Report · basis: Total claims filed with PwC, as reported under 'Provable Claims' · amount: 1095623.36 · debtor: Shopost Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD