Alberta · Bankruptcy
Trustee's Prelominary Report to Creditors dated December 20, 2018.pdf
Court officer report · 20 December 2018
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What we verified from this filing11 verified
- commencement date10 December 2018
- court file no25-2453341
- proceeding typebia_bankruptcy
- provinceAlberta
- appointeeGrant Thornton Limited
- appointee roleTrustee
- financial positionnote: Restaurant equipment was valued at $167,000.00 on the Statement of Affairs based on a Fair Market Value appraisal by Freelance Appraisal Group Inc.; Trustee believes this is significantly overstated on a Forced Liquidation basis. No total asset or liability figures stated in the text. · basis: Statement of Affairs; Trustee disputes the Fair Market Value appraisal underlying the stated restaurant equipment value as likely inappropriate for bankruptcy proceedings and believes it is significantly overstated on a Forced Liquidation basis · scope: 1935187 Alberta Ltd. o/a Fantaci Sushi & Grill (single entity) · currency: CAD
- operational summaryFantaci Sushi & Grill ceased operating after filing an Assignment into Bankruptcy on December 10, 2018 due to a downturn in business; the Trustee has since secured the premises, re-keyed doors, and is reviewing asset values, insurance, and the lease.
- recovery outcomeentries: basis: estimated · quote: At this time, it is premature The Trustee does not anticipate a distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: At this time, it is premature · claims qualifier: unstated · stated on: 2018-12-20 · table missing:
- report date20 December 2018
- report noTrustee's Preliminary Report to the Creditors on Preliminary Administration