Ontario · Bankruptcy
Preliminary Report
Court officer report · 18 January 2024
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee rolelicensed insolvency trustee
- commencement date29 December 2023
- court file no31-31-3026369
- provinceOntario
- cash on handnote: Represents funds held in the Company's bank account at The Toronto-Dominion Bank on the Date of Bankruptcy. · as at: 2023-12-29 · amount: 17962.56 · currency: CAD
- financial positionnote: Asset components: Deposits in financial institutions $17,962.56, Potential HST refund $11,364.75, Furniture $3,012.75 (Total $32,340.06). Liability components per SOA: Secured $72,692.94, Unsecured $1,204,068.41, Preferred $3,012.75 (Total $1,279,774.10); claims as filed as of Jan 17, 2024 were Nil across all categories. · as at: 2023-12-29 · basis: sworn Statement of Affairs (SOA) estimated realizable values · scope: entity - 2508619 Ontario Inc. (Verkspace) · currency: CAD · total assets: 32340.06 · total liabilities: 1279774.1
- operational summaryVerkspace, a coworking space operator, ceased operations amid pandemic-related and remote-work pressures and assigned into bankruptcy in December 2023; the Trustee has not taken possession of the leased premises or furniture and intends to abandon the furniture to the landlords.
- recovery outcomeentries: basis: estimated · quote: Given the above considerations, the Trustee anticipates no distributions to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date18 January 2024
- report noTrustee's Preliminary Report