British Columbia · Bankruptcy
Trustees Report to Creditors
Court officer report · 17 February 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing16 verified
- appointeeThe Bowra Group Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date1 February 2021
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA IN BANKRUPTCY AND INSOLVENCY
- court file no11-2708551
- proceeding typebia_bankruptcy
- financial positionnote: Table shows book value of assets ($2,969,000) with estimated realization range of $372,000 (low) to $1,054,000 (high); no total liabilities figure stated, only secured/preferred claims and unsecured creditor total of $1,880,000 shown separately · page: 3 · as at: 2021-02-01 · basis: book value; preliminary estimate prepared by Trustee, before realization costs · scope: 3E Glass Ltd. (entity level) · currency: CAD · total assets: 2969000
- secured creditorsnote: Estimated claim listed as 'Unknown' by Trustee · page: 4 · as of: date of bankruptcy filing · debtor: 3E Glass Ltd. · creditor: Mercedes-Benz Financial · currency: CAD · security: Specific vehicles
- secured creditorsnote: Preferred claim under WEPP; estimated claim per Trustee's table · page: 4 · as of: date of bankruptcy filing · amount: 96000 · debtor: 3E Glass Ltd. · creditor: Employees - WEPP · currency: CAD · security: All Property
- secured creditorsnote: Estimated claim per Trustee's table · page: 4 · as of: date of bankruptcy filing · amount: 100000 · debtor: 3E Glass Ltd. · creditor: BMO Bank of Montreal · currency: CAD · security: All Property
- secured creditorsnote: Estimated claim per Trustee's table · page: 4 · as of: date of bankruptcy filing · amount: 53000 · debtor: 3E Glass Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Specific vehicles
- secured creditorsnote: Estimated claim listed as 'Unknown' by Trustee; PMSI-type equipment financier · page: 4 · as of: date of bankruptcy filing · debtor: 3E Glass Ltd. · creditor: De Lage Landen Financial Services · currency: CAD · security: Specific equipment
- secured creditorsnote: Estimated claim per Trustee's table · page: 4 · as of: date of bankruptcy filing · amount: 369000 · debtor: 3E Glass Ltd. · creditor: HSBC Bank of Canada · currency: CAD · security: Specific equipment
- secured creditorsnote: Estimated claim per Trustee's table · page: 4 · as of: date of bankruptcy filing · amount: 46000 · debtor: 3E Glass Ltd. · creditor: Ford Credit Canada · currency: CAD · security: Specific vehicles
- unsecured creditorsnote: Document names no individual unsecured creditors; also shown as 'Total unsecured creditors' of $1,880,000 (000's) in preliminary asset realization table · page: 5 · as of: date of filing for bankruptcy · basis: Company's records indicate unsecured creditors of approximately $1,880,000 at the date of filing for bankruptcy · amount: 1880000 · debtor: 3E Glass Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: | Funds available for distribution to unsecured creditors | | 126 | 778 | · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 126000 · amount high: 778000 · class label: unsecured creditors · claims amount: 1880000 · interim final: unstated · claims qualifier: estimated; basis: estimated · quote: | Estimated recovery per $1 of unsecured claim | | $ 0.07 | $ 0.41 | · pct of: unstated · outcome: distribution · pct low: 0.07 · pct high: 0.07 · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 1880000 · interim final: unstated · cents on dollar: 0.07 · claims qualifier: estimated · stated on: 2021-02-17 · table missing: