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What we verified from this filing11 verified
- appointeeRosen Goldberg Inc.
- appointee roleproposal Trustee
- provinceONTARIO
- commencement date4 April 2016
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act
- financial positionnote: Assets consist of Real Property (est. realizable value $1,400,000.00) and Mortgage Receivable ($99,000.00, matching '2 mortgage receivables with total amount outstanding of $99,000' per para 1); total liabilities not separately stated as a single figure in these pages - see itemized secured/unsecured creditor entries · page: 7 · basis: Proposal Trustee's opinion / condensed statement of assets and liabilities (estimated realizable value) · scope: 1552906 Ontario Limited (entity level) · currency: CAD · total assets: 1499000
- unsecured creditorsnote: Corporate shareholder; unsecured shareholder loan/promissory note; Promissory Note portion stated as $80,322.83 in Trustee's Report · page: 11 · as of: 2016-04-04 · basis: List of Creditors with claims of $250 or more, filed with Notice of Intention to Make a Proposal · amount: 486017.75 · debtor: 1552906 Ontario Limited · creditor: Central Vehicle Leasing of Essex Ltd. · currency: CAD
- unsecured creditorsnote: Corporate shareholder; disputed - 803 issued demand for payment in May 2015 of $80,322.82 and $403,194.85 respectively and commenced legal action in July 2015; Company filed defense and counterclaim; opposed Proposal approval · page: 11 · as of: 2016-04-04 · basis: List of Creditors with claims of $250 or more, filed with Notice of Intention to Make a Proposal · amount: 486017.75 · debtor: 1552906 Ontario Limited · creditor: 803102 Ontario Limited ("803") · currency: CAD
- unsecured creditorsnote: Corporate shareholder; unsecured shareholder loan/promissory note; Promissory Note portion stated as $80,322.83 in Trustee's Report · page: 11 · as of: 2016-04-04 · basis: List of Creditors with claims of $250 or more, filed with Notice of Intention to Make a Proposal · amount: 486017.75 · debtor: 1552906 Ontario Limited · creditor: 1243494 Ontario Limited · currency: CAD
- unsecured creditorsnote: Corporate shareholder; unsecured shareholder loan/promissory note; Promissory Note portion stated as $80,322.83 in Trustee's Report · page: 11 · as of: 2016-04-04 · basis: List of Creditors with claims of $250 or more, filed with Notice of Intention to Make a Proposal · amount: 486017.75 · debtor: 1552906 Ontario Limited · creditor: 1147073 Ontario Limited ("114") · currency: CAD
- secured creditorsnote: Related party (related to shareholder 803102 Ontario Limited); listed as 'Secured' creditor type on Creditor Mailing List; approximate amount per Trustee's Report ($264,500) matches List of Creditors claim amount · page: 13 · as of: NOI filing date · amount: 264500 · debtor: 1552906 Ontario Limited · creditor: Dunn Management Ltd. · currency: CAD · security: Mortgage payable, related company (related to 803102 Ontario Limited), bears interest at 7.5% paid quarterly, due March 30, 2018