Quebec · Bankruptcy
Trustee's Report on her preliminary administration
Court officer report · 26 July 2022
What we verified from this filing9 verified
- commencement date26 March 2021
- courtSUPERIOR COURT
- court file no450-11-000012-215
- provinceQUÉBEC
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- appointeeMNP Ltd.
- appointee roleTrustee
- financial positionnote: Liabilities are listed by category (secured and unsecured creditors) with amounts per Statement of Affairs and per Proofs of Claim received to date; no total liabilities figure is stated in the document. · basis: Estimated value / Realised to date for assets (Receivership Proceedings realizations); liabilities per Statement of Affairs and Proofs of Claim received to date · scope: Société en commandite Industriel-Léger (SEC) only, entity-level (excludes 9058-0150 Québec Inc.) · currency: CAD · total assets: 10254986
- recovery outcomeentries: basis: estimated · quote: The realization is insufficient to pay all of the secured creditors in full, therefore there is no anticipated dividend to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Further to the receivership proceeds of Kanwal Inc., it is estimated that the Bank of Montreal will have a shortfall in the amount of approximately $2,500,000 with respect to its loans to Kanwal Inc., which were guaranteed by SEC. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: trustee · class label: BMO - Banque de Montréal · creditor name: BMO - Banque de Montréal · interim final: unstated · claims qualifier: unstated · shortfall amount: 2500000 · stated on: 2022-07-26 · table missing: