Nova Scotia · Bankruptcy
Trustee's Report to the Creditors on Preliminary Administration.pdf
Court officer report · 24 May 2019
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What we verified from this filing11 verified
- appointeeGrant Thornton Limited
- appointee roleTrustee in Bankruptcy
- commencement date23 April 2019
- courtDistrict of Nova Scotia
- court file noCourt No. 43203
- proceeding typebia_bankruptcy
- financial positionnote: Trustee states 'The Trustee does not have any intention nor does there appear to be any reason to act on behalf of any secured creditors in these proceedings' - treated as a statement of no secured creditors. Assets identified: Cash on Hand $4,569.62 (disputed - may be returned to Department of LAE), Office Equipment $1.00 (nominal value; underlying equipment leased/encumbered by PPSA registrants CSI Leasing Canada Ltd., LBEL Inc., CWB National Leasing Inc.), Prepaid Deposits with Suppliers $1.00 (nominal; underlying deposits totalling $36,519 reported by U.S. Trustee but expected fully absorbed by amounts owed to those creditors). Total liabilities figure is approximate ('approximately $5.67 million') per Statement of Affairs. · page: 3 · basis: Statement of Affairs - approximately $5.67 million total claims reported as liabilities · scope: ServiCom Canada, Limited (entity level) · currency: CAD · total liabilities: 5670000
- unsecured creditorsnote: Only 2 unsecured proofs of claim filed; document names no individual creditors. Statement of Affairs reported total claims of approximately $5.67 million as liabilities, which includes this and the preferred wage claim below. · page: 3 · as of: 2019-05-24 · basis: 2 unsecured proofs of claim received as of report date · amount: 102552.65 · debtor: ServiCom Canada, Limited · creditor: Unsecured creditors (aggregate as reported - proofs of claim received) · currency: CAD
- unsecured creditorsnote: Preferred claim (per document) for wages/vacation pay/termination pay under WEPP for 640 employees; not yet filed at time of report. · page: 3 · as of: 2019-05-24 · basis: Trustee notified that Department of LAE will be filing a preferred proof of claim · amount: 4821738 · debtor: ServiCom Canada, Limited · creditor: Nova Scotia Department of Labour and Advanced Education (on behalf of 640 employees - wages, vacation pay, termination pay) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Regardless, in any event the costs to administer this bankruptcy would exceed this amount, therefore, no anticipated recovery is expected for the 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: 2019-05-24 · table missing:
- secured creditors