Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 14 December 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date30 November 2022
- court file no31-2889543
- proceeding typebia_bankruptcy
- provinceOntario
- financial positionnote: PPSA search dated October 26, 2022 revealed no secured liabilities or liens registered against MBoutique ('there were no secured liabilities or liens registered against MBoutique'); primary asset is cash on deposit of approximately $500.00 at Date of Bankruptcy; total liabilities per SOA comprise Secured (Nil) + Preferred ($287,847) + Unsecured ($314,394) + Contingent (Nil) = $602,241 as stated in the document's own total row · page: 2 · as at: 2022-11-29 · basis: Statement of Affairs (SOA) dated November 29, 2022, unaudited books and records not reviewed by Trustee · scope: entity - Mboutique Inc. bankrupt estate · currency: CAD · total assets: 500 · total liabilities: 602241
- unsecured creditorsnote: Preferred class per BIA, ranks ahead of ordinary unsecured; no claims filed as of December 14, 2022 per claims filed column (Nil); document names no individual creditors · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 287847 · debtor: Mboutique Inc. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: No claims filed as of December 14, 2022 per claims filed column (Nil); document names no individual creditors · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 314394 · debtor: Mboutique Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Reported as Nil in SOA; document names no individual creditors · page: 2 · as of: 2022-11-29 · basis: Statement of Affairs as reported · amount: 0 · debtor: Mboutique Inc. · creditor: Contingent claims (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: liquidation_alternative · quote: In light of the nominal realizations as compared to the Trustee's likely fees and disbursements, the Trustee does not anticipate a distribution 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: 2022-12-14 · table missing:
- secured creditors