British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 7 August 2024
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What we verified from this filing13 verified
- appointee roleLicensed Insolvency Trustee
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3107130
- proceeding typebia_bankruptcy
- appointeeMNP Ltd.
- commencement date19 July 2024
- secured creditorsnote: Appointed MNP Ltd. as Receiver on this date; described as main secured creditor owed approximately $537,000. Trustee obtained legal opinion confirming security is valid and enforceable. · page: 2 · as of: 2024-06-19 · amount: 537000 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: Vancouver City Savings Credit Union (Vancity) · currency: CAD · security: General Security Agreement - All personal and after acquired property
- secured creditorsnote: Amount unknown per PPR search dated 2024-06-11 · page: 4 · as of: 2024-06-11 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: Arc'Teryx Equipment Inc. · currency: CAD · security: Equipment
- secured creditorsnote: Amount unknown per PPR search dated 2024-06-11 · page: 4 · as of: 2024-06-11 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: VF Outdoor Canada Corp. · currency: CAD · security: Equipment
- secured creditorsnote: Amount unknown per PPR search dated 2024-06-11 · page: 4 · as of: 2024-06-11 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: The Province of British Columbia · currency: CAD · security: All personal and after acquired property
- secured creditorsnote: Deemed trust; Company has indicated there are no amounts owing, but Trustee will confirm via CRA trust audit - status unresolved/unknown · page: 4 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim for payroll source deductions, ranks ahead of all creditors
- unsecured creditorsnote: Document names no individual unsecured creditors; amount excludes any shortfalls owed to secured creditors on their security · page: 4 · as of: 2024-08-07 · basis: Company's records indicate total claims of approximately $1,243,848.81 · amount: 1243848.81 · debtor: Escape Route Adventure Group (1986) Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Based on our preliminary estimates, there will be no recovery to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 1243848.81 · interim final: unstated · claims qualifier: listed · stated on: 2024-08-07 · table missing: