Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 8 June 2020
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What we verified from this filing9 verified
- appointeeBDO Canada Limited
- appointee roleTrustee
- commencement date18 May 2020
- provinceONTARIO
- cash on handnote: Balance wired to Trustee by the bank after a small set-off for amounts owing on the Company's credit card. · amount: 116800 · currency: CAD · qualifier: approximately
- financial positionnote: Claims filed to date total $2,105,849 (Secured $1,523,293; Unsecured $582,556), compared to Per SOA amounts of $3,676,610 (Secured $1,594,725; Unsecured $2,081,885). No total assets figure stated; assets described only by category (cash, equipment, inventory, HST credit). · basis: Per Statement of Affairs (SOA) · scope: Marche Restaurants Canada Ltd. bankrupt estate · currency: CAD · total liabilities: 3676610
- operational summaryMarché permanently ceased all restaurant operations in March 2020 due to Covid-19, which led to a failed NOI and deemed bankruptcy; the Trustee has since been vacating the leased premises, disposing of inventory, and winding down the estate with no ongoing business operations.
- report date8 June 2020
- report noPreliminary Report of the Trustee