Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 17 August 2021
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee roletrustee
- commencement date28 July 2021
- court file no35-2755346
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Preferred and deemed trust claims are nil per Statement of Affairs. Claims received to date total only $34,644 against reported $588,029 total. Company held cash of $48,981 at bankruptcy date (July 29, 2021) and had collected $21,620 in accounts receivable to date of report, with an additional $7,850 of $11,085 outstanding receivables estimated collectible; no total asset figure stated. · page: 3 · basis: Statement of Affairs; Total provable claims (unsecured + preferred + secured + deemed trust) per Statement of Affairs · scope: entity - Industrial Automation Components Corporation · currency: CAD · total liabilities: 588029
- secured creditorsnote: Per Statement of Affairs, secured claims total $79,259; no claims received to date. Trustee has requested Cullen submit proof of claim with details of its security. · page: 3 · as of: Statement of Affairs · amount: 79259 · debtor: Industrial Automation Components Corporation · creditor: Ray Cullen Chevrolet and Buick (Cullen) · currency: CAD · security: PPSA registration dated January 31, 2020 over 2020 Chevrolet Suburban (leased vehicle)
- unsecured creditorsnote: Document names no individual unsecured creditors in the aggregate figure. Claims received to date total $34,644 (proofs filed), distinct from the reported Statement of Affairs figure. Quantum First Automation Inc. is separately identified as pursuing $179 thousand for unpaid invoices via stayed legal proceeding, permitted to prove its claim under the Act; unclear if included in aggregate. · page: 3 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 508770 · debtor: Industrial Automation Components Corporation · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- provinceOntario