Ontario · Bankruptcy
Trustee's Preliminary Report - June 22 2020
Court officer report · 22 June 2020
What we verified from this filing10 verified
- court file no32-2648924
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- statutory basisSection 102(5) of the Bankruptcy and Insolvency Act
- appointeeThe Fuller Landau Group Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date1 June 2020
- financial positionnote: Assets per SOA given by component only, no total stated: Inventory $380,000; Accounts Receivable $864,540; Other Property $23,090. All Assets noted as subject to secured claims. Total liabilities figure is the 'Declared Per SOA' total of provable claims ($7,420,908.91); a separate 'Filed to Date' total of $5,553,936.32 is also given but claims filed have not yet been accepted by the Trustee. · basis: sworn Statement of Affairs (SOA) - management/debtor estimate, not reviewed or audited by the Trustee · scope: entity - BrandAlliance, Inc. · currency: CAD · total liabilities: 7420908.91
- recovery outcomeentries: basis: unstated · quote: However, at this time the Trustee is unable to determine whether there will be funds available for distribution. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-06-22 · table missing: