British Columbia · Bankruptcy
Trustee’s Report to Creditors
Court officer report · 17 January 2023
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What we verified from this filing13 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-2874693
- proceeding typebia_bankruptcy
- appointeeThe Bowra Group Inc.
- appointee roleLicenced Insolvency Trustee
- commencement date29 December 2022
- secured creditorsnote: Estimated claim; RBC expected to suffer a shortfall on its debt · page: 3 · amount: 428000 · debtor: Kaiser Steel Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: All property (General Security Agreement); senior secured lender
- secured creditorsnote: Deemed trust class; estimated claim · page: 3 · amount: 100000 · debtor: Kaiser Steel Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed Trust - Source Deductions
- secured creditorsnote: Estimated claim amount unknown · page: 3 · debtor: Kaiser Steel Ltd. · creditor: BMW · currency: CAD · security: Motor Vehicle
- secured creditorsnote: Estimated claim amount unknown · page: 3 · debtor: Kaiser Steel Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: All property
- secured creditorsnote: Estimated claim amount unknown; statutory lien · page: 3 · debtor: Kaiser Steel Ltd. · creditor: Director of Employment Standards (Lien) · currency: CAD · security: All property
- unsecured creditorsnote: Document names no individual unsecured creditors; excludes secured creditor shortfalls · page: 3 · basis: Company's records indicate unsecured creditors with total claims of approximately $467,000 · amount: 467000 · debtor: Kaiser Steel Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Company's senior secured creditor, RBC, is expected to suffer a shortfall on its debt to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on our preliminary estimates, there will be no recovery to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-17 · table missing: