Ontario · Receivership (court-appointed)
Preliminary Report of Trustee
Court officer report · 2 July 2024
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What we verified from this filing7 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date13 June 2024
- court file no35-3092018
- provinceOntario
- financial positionnote: No assets: 'There was no inventory owned by the Company at the time of bankruptcy.' 'There was no equipment owned by the Company at the time of bankruptcy.' 'The Company did not own real estate.' 'There are no books and records for the Trustee to review.' 'There are no other assets the Trustee is aware of.' Proven claims to date total $360,153, versus $1,282,076 per Statement of Affairs. · basis: Statement of Affairs · scope: Cook Store Inc. (single entity) · currency: CAD · total liabilities: 1282076
- recovery outcomeentries: basis: estimated · quote: As there is a shortfall on the BMO indebtedness, the Trustee does not anticipate there will be a distribution to Unsecured Creditors in this estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · claims amount: 360153 · interim final: unstated · claims qualifier: proven; basis: unstated · quote: This amount will be paid from the receivership estate. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: trustee · amount low: 26928 · amount high: 26928 · class label: Deemed Trust · claims amount: 26928 · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: All assets of the Company were realized on by the Receiver and a significant shortfall is expected on the BMO indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated · stated on: 2024-07-02 · table missing: