Ontario · Foreign recognition (CCAA)
First Report of Information Officer dated October 11, 2022.pdf
Court officer report · 11 October 2022
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 filing2 verified
- financial positionnote: Information Officer states 'the Chapter 11 Debtors have no secured indebtedness in Canada'; GTL has some Canadian creditors and GSI has only two Canadian creditors (unsecured, unnamed, no amounts stated); Chapter 11 Debtors' consolidated revenue ~US$8.9 million (Q3, Jan-Mar 2022) and net losses ~US$3.6 million with accumulated deficit ~US$81.6 million for 9-month period ended March 31, 2022 (forecast/interim figures, not a balance sheet position) · page: 9 · basis: no operations, employees, or assets in Canada except retainers held by Miller Thomson LLP and the Information Officer · scope: GetSwift Technologies Limited (Canadian debtor) and Chapter 11 Debtors (US operations) · currency: CAD
- secured creditors