Ontario · Bankruptcy
First Report of the Trustee dated September 1, 2022
Court officer report · 1 September 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- appointeeKSV Restructuring Inc.
- appointee roleTrustee in Bankruptcy
- commencement date15 December 2020
- statutory basisSection 95 of the Bankruptcy and Insolvency Act
- financial positionnote: Assets comprised of Cash $532,000, Accounts receivable $336,000, Other assets $24,000 (Appendix B, in $000s, unaudited). Unsecured liabilities comprised of TWE $3,568,000, Vincent Hanna $310,000, RGN Management Ltd. $5,000, and DLA Piper (Canada) LLP $1,000 (totaling $3,884,000 per components), stated by the Trustee as approximately $3.9 million. · as at: 2020-12-15 · basis: Unaudited financial information from the Company's books and records · scope: Origin North America Inc. (single entity, not consolidated) · currency: CAD · total assets: 892000 · total liabilities: 3900000
- recovery outcomeentries: basis: estimated · quote: Assuming that all proofs of claim are admitted as filed, and that the claims filed are consistent with the accounts payable noted in Section 4.2.1 above, the Trustee estimates that creditors will receive dividends ranging from 10% to 15% of their claims. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 15 · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · table missing: · conditional on: Assuming that all proofs of claim are admitted as filed, and that the claims filed are consistent with the accounts payable noted in Section 4.2.1 · claims qualifier: unstated · stated on: 2021-01-01 · table missing:
- report date1 September 2021
- report noFirst Report