Ontario · Receivership (court-appointed)
Application record
Application / notice of application · 6 November 2023
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What we verified from this filing9 verified
- applicantSTAR AMERICA DPGI ACQUISITION COMPANY, INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-23-00709164-00CL
- statutory basissection 101 of the Courts of Justice Act, R.S.O. 1990, c. C. 43
- commencement date6 November 2023
- appointeeDeloitte Restructuring, Inc.
- appointee rolereceiver and manager without security
- financial positionnote: Affidavit states: 'As at October 30, 2023, the total indebtedness of Demand Power amounts to approximately $188,605.77, all of which is owed to unsecured creditors; Demand Power does not have any secured creditors.' Assets breakdown: cash $57,963, accounts receivable $61,147, other (US bank funds) $3,000, total $122,110 (original p.37). Liabilities breakdown: trade creditors ~$183,005.77, other payables ~$5,600 (original p.38); separately, accrued normal pay obligations of ~$27,000 as at October 2023 are also noted but appear additional to the $188,605.77 total figure. · page: 38 · as at: 2023-10-30 · basis: approximate book value (per affidavit of Jahred Kallop) · scope: entity-level (Demand Power Group Inc.) · currency: CAD · total assets: 122110 · total liabilities: 188605.77
- secured creditors