Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 1 December 2017
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What we verified from this filing8 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date15 November 2017
- court file no24-2315743
- proceeding typebia_bankruptcy
- provinceAlberta
- financial positionnote: Components only, no total given: inventory 'approximately $250,000 in realizable value'; machinery and equipment 'approximately $610,000 in realizable value' (includes mobile homes/trailers); Accounts Receivable 'approximately $2.5 million' of which 'approximately $1.5 million is estimated as realizable', including holdbacks of 'approximately $780,000'; AR figure stated 'As at the date of bankruptcy' (event date, not a specific calendar date). Secured creditor RBC owed 'approximately $550,000' under a General Security Agreement. · basis: Statement of Affairs management estimate of realizable value · scope: entity - Peace River Heating (1971) Ltd. (the Bankrupt) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: The Trustee is unable to estimate the projected distribution to the unsecured creditors at this time. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-12-01 · table missing: