Quebec · Bankruptcy
Trustee's Report to Creditors on Preliminary Administration
Court officer report · 19 September 2023
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What we verified from this filing9 verified
- closing confirmedscope: the Debtor's assets · outcome: completed · effective: 2023-09-01 · purchaser: Via Vegan · date basis: stated · approval order date: 2023-08-17
- financial positionnote: No total assets figure is stated; Trustee notes the only remaining assets are intercompany receivables and a potential sales tax receivable, with no anticipated realization. Liability components: secured (CIBC, provisioned at $1), unsecured creditors excluding terminated employees $4,837k, unsecured terminated employees (termination/severance pay) ~$22k. · as at: 2023-09-12 · basis: Statement of Affairs / statutory balance sheet and preliminary list of creditors included in the Notice of bankruptcy · scope: entity-level - B.S.K. Group Inc. (the bankrupt Debtor) · currency: CAD · total liabilities: 4859000
- operational summaryThe Debtor's own operations ceased upon bankruptcy; Via Vegan, which purchased the Debtor's assets, has continued operating the business and retains the Company's books and records. The Trustee does not anticipate any realization from the Debtor's remaining assets or any distribution to unsecured creditors.
- process resultsbids: 3 · note: three offers received during the SISP
- purchaserVia Vegan
- recovery outcomeentries: basis: estimated · quote: Other than for the aforementioned, the Trustee does not anticipate that there will be an amount 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: 2023-09-19 · table missing:
- report date19 September 2023
- report noPreliminary Administration Report of the Trustee
- sale outcometext: Following the SISP process, the offer from Via Vegan was selected as the successful bid, approved by the Court, and completed. · scope: whole_business · status: closed