Manitoba · Receivership (court-appointed)

245(1) 246(1) Notice

Notice to creditors · 28 March 2022

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing2 verified

financial positionnote: Components: Fixed Assets & Equipment $3,299,590; Inventory $2,254,279; Accounts Receivable $479,369. Secured creditors total approximately $10,342,859 (partially unknown amounts) and unsecured creditors total $6,321,870.88, per Appendix A, based on the Company's books and records as of the date of the receivership. · as at: 2022-03-17 · basis: net book values according to the Company's financial records, not the Receiver's estimated net realizable values · scope: entity - The Winning Combination, Inc. · currency: CAD · total assets: 6033238
recovery outcomeentries: basis: estimated · quote: Given the amount owed to the secured creditors and the net book value of the assets, it is expected that secured creditors will experience a shortfall and that there will be no funds available to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the amount owed to the secured creditors and the net book value of the assets, it is expected that secured creditors will experience a shortfall and that there will be no funds available to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-03-24 · table missing: