Nova Scotia · Bankruptcy
Preliminary Report of the Trustee dated December 20, 2024.pdf
Court officer report · 20 December 2024
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 filing9 verified
- appointeeGrant Thornton Limited
- appointee roleTrustee in Bankruptcy
- court file no45982
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act R.S.C., 1985 c. C-3, as amended
- statutory basissection 49(1) of the Bankruptcy and Insolvency Act
- commencement date18 December 2024
- financial positionnote: Total liabilities not stated as an aggregate figure; only individual creditor amounts and CRA balances ($131,960.69 total for CRA) disclosed. Trustee notes the expected realizable value of assets in a liquidation was less than the book value shown. · as at: 2024-12-18 · basis: book value as disclosed by the Company; Trustee believes realizable value in liquidation was less than book value · scope: entity - T.J.'s Electric Limited · currency: CAD · total assets: 487216.57
- recovery outcomeentries: basis: estimated · quote: Accordingly, the Trustee does not expect any distribution would be available for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As previously noted herein, the Trustee does not anticipate a distribution to be made available to theunsecured creditors of theCompany. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-12-20 · table missing: