Quebec · Receivership (court-appointed)
Notice and Statement of Receiver – dated April 15, 2019
Notice to creditors · 15 April 2019
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing3 verified
- financial positionnote: Accounts receivable ($1,039,634) as of Apr. 2/19 and property, plant and equipment ($493,940) as of Apr. 30/18 have different as-at dates; total_assets is the reported components summed per document presentation (both listed together as combined assets), not an inferred computation beyond what is shown. · page: 2 · basis: Unaudited - at net book value · scope: Combined basis for 4049306 Canada Inc. and 7763263 Canada Inc. · currency: CAD · total assets: 1533574
- secured creditorsnote: Combined balance owed by both Debtors on a combined basis; hypothec amounts ($5,000,000 each) are registered principal, not balances outstanding. · page: 2 · amount: 2181359 · debtor: 4049306 Canada Inc. and 7763263 Canada Inc. · creditor: The Toronto Dominion Bank · currency: CAD · security: Movable hypothec on the universality of movable property of 404, $5,000,000, granted July 18, 2017, published RDPRM July 20, 2017 (No. 17 0760007-0001); guarantee under section 427 of the Bank Act granted by 404, notice dated July 18, 2017, published with Bank of Canada July 24, 2017 (No. 01313392); movable hypothec on the universality of movable property of 776, $5,000,000, granted July 18, 2017, published RDPRM July 20, 2017 (No. 17 0760007-0003); guarantee under section 427 of the Bank Act granted by 776, notice dated July 18, 2017, published with Bank of Canada July 24, 2017 (No. 01313391)
- unsecured creditorsnote: Document names no individual creditors; excludes the above-mentioned secured creditor. · page: 2 · basis: Unaudited list of other known creditors of 404 and 776, as reported by the Receiver · amount: 3122314.42 · debtor: 4049306 Canada Inc. and 7763263 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD