Nova Scotia · Bankruptcy
Trustee’s Preliminary Report to Creditors
Court officer report · 3 July 2013
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What we verified from this filing11 verified
- appointeeDeloitte & Touche Inc.
- appointee roleTrustee
- courtNOVA SCOTIA BANKRUPTCY COURT
- court file no37392
- proceeding typebia_bankruptcy
- statutory basisThe Bankruptcy and Insolvency Act, a federal act in Canada (the "Act")
- commencement date19 June 2013
- financial positionnote: GP72 held no assets other than its interest in H72; liabilities comprise unsecured creditors only, per Statement of Affairs; Deficit (before professional fees) reported as (5,446,413). · as at: 2013-06-19 · basis: unaudited Statement of Affairs · scope: entity - HII (72) GP Inc. (GP72), not consolidated · currency: CAD · total assets: 0 · total liabilities: 5446413
- operational summaryGP72 was created solely to act as the managing general partner of H72, never held any assets, and ceased to have any purpose once H72 filed for bankruptcy, prompting GP72's own assignment in bankruptcy.
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as there is no asset in the Bankrupt's estate (as described above). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee estimates that the proceeds that will be realized from the liquidation of all of H72's assets which are not secured in favor of ABN (totaling $0.1M as per the Statement of Affairs) could result in a dividend ranging from 0 to 4 cents on the dollar to the unsecured creditors (who have claims totaling $3.0M as per the Statement of Affairs). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 0 · amount high: 4 · class label: unsecured creditors · claims amount: 3000000 · interim final: unstated · claims qualifier: unstated · stated on: 2013-07-03 · table missing:
- report date3 July 2013