Ontario · NOI
Trustee’s Report to the First Meeting of Creditors on Preliminary Administration – dated February 20, 2024
Court officer report · 20 February 2024
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What we verified from this filing6 verified
- closing confirmedscope: substantially all the Company's assets · outcome: completed · effective: 2024-01-30 · purchaser: 100747000 Ontario Inc. · date basis: stated · approval order date: 2024-01-16
- financial positionnote: Assets: stated as none as at Date of Bankruptcy following closing of Transaction. Liabilities not totaled by document; components only: no reported secured or preferred creditors per Statement of Affairs, but approximately $20 million owed in aggregate to EDC and InvestEco under registered security (shortfall from Transaction); unsecured creditors approx. $21.75 million across 82 creditors per Statement of Affairs. · as at: 2024-02-01 · basis: Statement of Affairs · scope: entity - The Good Fat Co. Ltd. · currency: CAD · total assets: 0
- purchaser100747000 Ontario Inc.
- recovery outcomeentries: basis: unstated · quote: As detailed in the Company's Statement of Affairs, as at the Date of Bankruptcy, approximately $20 million, in aggregate, was owed to EDC and InvestEco. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: secured creditors (EDC and InvestEco) · claims amount: 20000000 · interim final: unstated · claims qualifier: listed · table missing:
- sale advisorRBC Capital Markets
- sale outcometext: the Transaction closed on January 30, 2024 · scope: whole_business · status: closed