British Columbia · Receivership (court-appointed)
Creditors package - Notice of First Meeting of Creditors
Notice to creditors · 5 February 2024
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 filing26 verified
- financial positionnote: Statement of Affairs reports a deficiency of $3,077,711.96 (surplus: NIL). · page: 4 · as at: 2024-01-31 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer (MNP Ltd.) · scope: Entity - LAH Sourcing Ltd. · currency: CAD · total assets: 1 · total liabilities: 3077712.96
- unsecured creditorsnote: Unsecured deficiency portion of RBC's secured claim after $1.00 nominal security valuation; claim bifurcated secured/unsecured. · page: 4 · as of: 2024-01-31 · basis: Statement of Affairs (Form 78) - 'Balance of secured claims as per list "B"' added into total unsecured creditors; also shown on Creditor Mailing List under 'Unsecured' · amount: 2156321 · debtor: LAH Sourcing Ltd. · creditor: Royal Bank of Canada (balance of secured claim / unsecured deficiency) · currency: CAD
- secured creditorsnote: Claim bifurcated by security valuation: security valued at nominal $1.00 per Statement of Affairs (Form 78); the remaining balance of $2,156,321.00 is carried as an unsecured deficiency (see unsecured creditors). · page: 5 · as of: 2024-01-31 · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Security interest (assessed/security value stated as $1.00 per Statement of Affairs list "B")
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 13576 · debtor: LAH Sourcing Ltd. · creditor: AFK Media Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Andrew Rafuse · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Arash Rahimi · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: BC Hydro & Power Authority · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Bibi Khan · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 132977 · debtor: LAH Sourcing Ltd. · creditor: Business Development Bank of Canada - Vancouver · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: CRA - Tax - Pacific · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: First Service Residential · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Fortis BC Energy Inc. - Natural Gas · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Hajra Vawda · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Hamid Monsory · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Janet Maureen · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 18585 · debtor: LAH Sourcing Ltd. · creditor: Jason Ding CPA Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 56391.7 · debtor: LAH Sourcing Ltd. · creditor: Kathrada Management Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 30000 · debtor: LAH Sourcing Ltd. · creditor: Keyvan Shojania · currency: CAD
- unsecured creditorsnote: Name suggests possible related/affiliated entity to the debtor (shared 'LAH Sourcing' name); document does not expressly characterize relationship. · page: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 630000 · debtor: LAH Sourcing Ltd. · creditor: LAH Sourcing Dhaka · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Ministry of Finance - PST - British Columbia · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 500 · debtor: LAH Sourcing Ltd. · creditor: Recelerate Capital Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: Robert Garry · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 28883.02 · debtor: LAH Sourcing Ltd. · creditor: Scotiabank Visa c/o Canaccede International Management Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 4465.24 · debtor: LAH Sourcing Ltd. · creditor: The Crone Law Group · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 1 · debtor: LAH Sourcing Ltd. · creditor: WorkSafeBC - Collections Department · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-01-31 · basis: Creditor Mailing List / Statement of Affairs list "A" as reported · amount: 6000 · debtor: LAH Sourcing Ltd. · creditor: Abdullah Kathrada · currency: CAD