Ontario · Bankruptcy
Trustee's Report to the First Meeting of Creditors on Preliminary Administration [ ]
Court officer report · 14 September 2021
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What we verified from this filing8 verified
- proceeding typebia_bankruptcy
- provinceOntario
- appointeeKPMG Inc.
- appointee roletrustee
- commencement date24 August 2021
- statutory basisBankruptcy and Insolvency Act (Canada)
- statutory basisBankruptcy and Insolvency Act (Canada)
- financial positionnote: Only components stated, no total given: realizable assets = cash of approximately $15,000 as at Date of Bankruptcy (Aug 24, 2021), later increased to actual cash balance of $129,186 as at date of report due to a $115,485 tax refund deposit; preferred creditor claim of $45,476 (rent arrears); approximately 37 unsecured creditors with claims totalling approximately $593,155 (per Statement of Affairs); Statement of Affairs indicates no known secured creditors as at Date of Bankruptcy. · basis: Statement of Affairs / book value estimate as at Date of Bankruptcy, updated by Trustee's own subsequent findings · scope: entity - Telemus Systems Inc. · currency: CAD