Nova Scotia · Bankruptcy
Trustee’s Preliminary Report
Court officer report · undated
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What we verified from this filing10 verified
- court file no45797
- proceeding typebia_bankruptcy
- provinceNova Scotia
- financial positionnote: Trustee states it is not aware of any secured claims against the Association. Deficiency to unsecured creditors of $1,368,663. · page: 2 · as at: 2024-05-22 · basis: Statement of Affairs; asset values reflect net book values as at September 30, 2023 per Association's internal records, unaudited and unverified by BDO · scope: Peerplays Blockchain Standards Association (entity-level, non-profit) · currency: CAD · total assets: 0 · total liabilities: 1368663
- unsecured creditorsnote: HST obligation; deemed trust class (CRA quasi-governmental claim) · page: 3 · as of: 2024-05-22 · basis: Statement of Affairs as reported · amount: 1328663 · debtor: Peerplays Blockchain Standards Association · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Canada Emergency Business Account (CEBA) loan · page: 3 · as of: 2024-05-22 · basis: Statement of Affairs as reported · amount: 40000 · debtor: Peerplays Blockchain Standards Association · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD
- appointeeBDO Canada Limited
- appointee roleTrustee in Bankruptcy
- recovery outcomeentries: basis: estimated · quote: Therefore, the Trustee anticipates a significant shortfall to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-06-11 · table missing:
- secured creditors