Nova Scotia · Bankruptcy
Trustee’s Preliminary Report
Pre-filing report · 12 June 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
- court file no45818
- proceeding typebia_bankruptcy
- provinceNova Scotia
- financial positionnote: Total Assets shown as Estimated Net Realization Value ($56,378); Net Book Value column shows $75,472. Deficiency of $(1,059,730) stated. Deferred claims of $1,072,472 comprise majority of liabilities. · page: 2 · as at: 2024-06-12 · basis: Statement of Affairs (SOA) prepared from internal records of the Company; not audited, reviewed, or otherwise verified by BDO Canada Limited · scope: Terradyne Wellness Centre Ltd. (single entity) · currency: CAD · total assets: 56378 · total liabilities: 1116107
- unsecured creditorsnote: Document names no individual unsecured creditors. Trustee has not completed adjudication of proofs of claim received. · page: 2 · as of: 2024-06-12 · basis: Statement of Affairs as at June 12, 2024 · amount: 24542 · debtor: Terradyne Wellness Centre Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Includes Magnadyne Ltd., landlord and related party owned by Terradyne's director Paul Wrathall, classified as deferred creditor; no individual amounts itemized for this class · page: 2 · as of: 2024-06-12 · basis: Statement of Affairs as at June 12, 2024 · amount: 1072472 · debtor: Terradyne Wellness Centre Ltd. · creditor: Deferred claims (aggregate as reported) · currency: CAD
- appointeeBDO Canada Limited
- appointee roleTrustee in Bankruptcy
- secured creditorsnote: Amount stated as approximate ('owed approximately $19,000'); SOA lists Secured Claims of $19,094 as at June 12, 2024 · page: 4 · as of: approximately, as understood by Trustee · amount: 19000 · debtor: Terradyne Wellness Centre Ltd. · creditor: Bank of Nova Scotia (BNS) · currency: CAD · security: 2021 Buick Enclave (motor vehicle)