Ontario · Bankruptcy
Trustee's Preliminary Report to Creditors dated December 16, 2024
Court officer report · 16 December 2024
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What we verified from this filing9 verified
- court file no31-3157988
- provinceONTARIO
- appointeeTDB Restructuring Limited
- appointee roleLicensed Insolvency Trustee
- commencement date26 November 2024
- financial positionnote: Per Statement of Affairs: assets = furniture, fixtures and equipment, estimated realizable value $25,700 (all encumbered, subject to RBC GSA). Claims per SOA vs filed as of Dec 16, 2024: Secured $25,700.00 / $-; Preferred $70,021.20 / $70,021.20; Unsecured $781,906.46 / $436,078.89. Trustee anticipates no funds available for distribution. · as at: 2024-11-25 · basis: Statement of Affairs sworn November 25, 2024 (management estimate), subject to Trustee confirmation · scope: RCLUB Enterprises Inc., single entity, bankrupt estate · currency: CAD
- operational summaryThe Company has ceased operations and abandoned its assets at the former leased premises, which have since been taken over by a third party; the Trustee anticipates no funds will be available for distribution to creditors.
- report date16 December 2024
- report noTrustee's Preliminary Report to the Creditors