Ontario · Bankruptcy
Trustee’s Preliminary Report to Creditors dated
Court officer report · 16 March 2022
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date1 March 2022
- court file no31-2808724
- proceeding typebia_bankruptcy
- provinceOntario
- financial positionnote: Total liabilities of $520,845 is the sum of Statement of Affairs figures for secured ($2,200), preferred ($0), and unsecured ($518,645) as stated in the document's own table (not computed by extractor). Proven & filed claims to March 16, 2022 totaled only $3,155. · page: 2 · as at: 2021-02-28 · basis: Statement of Affairs as reported (cash in bank $700 and equipment $1,500); trustee separately obtained actual cash on hand of $705.43 with further $140 expected · scope: entity - 5018288 Ontario Ltd. · currency: CAD · total assets: 2200 · total liabilities: 520845
- secured creditorsnote: No claim received from creditor to date; Trustee reviewed security form and believes it is valid and enforceable against Trustee. Statement of Affairs reports total secured claims of $2,200 (component of aggregate, not attributable to a specific creditor); no proven/filed secured claims as of March 16, 2022. · page: 2 · as of: March 16, 2022 · debtor: 5018288 Ontario Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: PPSA registration over Inventory, Equipment, Accounts, Other, Motor Vehicle
- secured creditorsnote: No claim received from creditor to date; understood to hold security over dishwashing equipment left at Premises in possession of landlord. Statement of Affairs reports total secured claims of $2,200 (component of aggregate, not attributable to a specific creditor); no proven/filed secured claims as of March 16, 2022. · page: 2 · as of: March 16, 2022 · debtor: 5018288 Ontario Ltd. · creditor: Magic White Inc. · currency: CAD · security: PPSA registration over Equipment
- unsecured creditorsnote: Document names no individual unsecured creditors. Proven & filed to March 16, 2022 totaled only $3,155 (proofs of claim filed, a different and lesser figure than the reported amount). · page: 2 · as of: Statement of Affairs dated February 28, 2021 · basis: Statement of Affairs as reported · amount: 518645 · debtor: 5018288 Ontario Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee does not anticipate any distribution to unsecured creditors in the bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-03-16 · table missing: