Ontario · Bankruptcy
Preliminary Report
Court officer report · 25 April 2024
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date5 April 2024
- court file no32-3064701
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Secured claims per SOA listed as $1 (nominal); PPSA search dated March 13, 2024 found no registrations in favour of secured creditors. Claims as filed and admitted for voting purposes only show Nil secured and $25,000 unsecured. Preferred and Contingent claims are Nil. · page: 2 · as at: 2024-04-24 · basis: Statement of Affairs (sworn), unaudited books and records not reviewed by Trustee · scope: Enermotion Inc. (single entity, bankrupt estate) · currency: CAD · total assets: 63993 · total liabilities: 1012673
- unsecured creditorsnote: Proofs of claim filed and admitted for voting purposes only (as of 5:00 p.m. EDT April 24, 2024) totalled $25,000; document names no individual unsecured creditors in this summary. Includes Linamar Corporation debt up to $1 million under Development Services and Exclusive Supply Agreement (intended to be secured by Enermotion's IP, but no PPSA registrations found, so treated as unsecured). · page: 3 · as of: 2024-04-05 · basis: Statement of Affairs as reported · amount: 1012672 · debtor: Enermotion Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: The Trustee is unable to determine whether the recoveries will be limited to the funds held on deposit in the estate bank account. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: Unsecured · interim final: unstated · claims qualifier: unstated · stated on: 2024-04-24 · table missing:
- secured creditors