Alberta · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · undated
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What we verified from this filing9 verified
- appointeeDeloitte Restructuring Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date5 November 2019
- court file no24-2579719
- proceeding typebia_bankruptcy
- financial positionnote: Document reports asset classes individually (inventory $300,000; machinery & equipment $717,503; building $1,200,000; vehicles $43,250; accounts receivable ~$614,998; cash on deposit $295,178) with no stated total assets figure, so total_assets is not computed. Unsecured claims declared on the Statement of Affairs totalled approximately $2,704,585, with no preferred creditors and no secured creditors disclosed by the Company; secured claims (RBC, CFSL) were later identified by the Trustee via PPR search but amounts are unstated, so a total_liabilities figure is not derivable from the document. · page: 5 · basis: Statement of Affairs prepared by Company management; unaudited financial information relied upon by the Trustee without verification · scope: entity - Kitnuna Projects Inc. only · currency: CAD
- secured creditorsnote: Not disclosed as a secured creditor on the Company's Statement of Affairs; identified via Trustee's PPR search. Equipment valued at $100,000 on the Statement of Affairs (asset value, not a stated loan balance). No proof of security received from CFSL as of the date of this report. · page: 5 · debtor: Kitnuna Projects Inc. · creditor: Caterpillar Financial Services Limited (CFSL) · currency: CAD · security: PPRA registration over a 2015 Caterpillar 312EL, serial number CAT0312EHMJD01336
- secured creditorsnote: Not disclosed as a secured creditor on the Company's Statement of Affairs; identified via Trustee's PPR search. No proof of security received from RBC as of the date of this report. · page: 5 · debtor: Kitnuna Projects Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: PPRA registration over all personal and after-acquired property of the Company (blanket all-property registration)
- recovery outcomeentries: basis: unstated · quote: Due to the uncertainty of realization of the Company's assets, the Trustee is unable to provide any estimated realizations and recoveriestothe creditors at this time. · pct of: unstated · outcome: undetermined · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · table missing: