Alberta · Bankruptcy
Trustee's Preliminary Report to Creditors - November 17, 2020.pdf
Court officer report · 17 November 2020
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What we verified from this filing8 verified
- commencement date3 November 2020
- court file no24-2685734
- proceeding typebia_bankruptcy
- provinceALBERTA
- appointeeGRANT THORNTON LIMITED
- appointee roleTrustee
- financial positionnote: Assets limited to outstanding accounts receivable (no amount stated) per the Statement of Affairs; secured indebtedness to Servus Credit Union estimated at approximately $216,000; CRA GST remittance debt estimated at approximately $23,000, expected to rank unsecured. No total assets or total liabilities figure is stated. · basis: Statement of Affairs / management estimates provided by Mr. Carlson · scope: Emtech Energy Ltd. (single entity, bankrupt estate) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Given the outstanding secured creditor claim, and the limited collectability of the accounts receivable, it is unlikely there will be funds available for distribution to 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: 2020-11-17 · table missing: