Quebec · Proposal
Notice of Proposal to Creditors
Notice to creditors · 22 July 2016
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What we verified from this filing16 verified
- financial positionnote: Statutory Form 78 balance sheet shows total assets $10,000 (mostly furniture/restaurant equipment) vs total liabilities $281,274.36, deficit $271,274.36. Trustee's separate report (page 17-18) shows different asset figures based on book value ($83,849 total assets: cash, prepaid expenses, equipment, leasehold improvements, goodwill) and a 'corrected value' liabilities column of $270,274 as of 2016-07-21 versus $281,274 as of 2016-07-19, reflecting an $11,000 bank seizure adjustment to the ARQ deemed trust claim. · page: 6 · as at: 2016-07-19 · basis: Statement of Affairs (Form 78) as declared and estimated by the officer, unaudited books and records · scope: entity - 8065616 Canada Inc. · currency: CAD · total assets: 10000 · total liabilities: 281274.36
- unsecured creditorsnote: Unsecured claim per Liste A; distinct from Liste D deemed-trust claim of $39,000 from same creditor · page: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 36498 · debtor: 8065616 Canada Inc. · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorsnote: Unsecured claim per Liste A; distinct from Liste D deemed-trust claim of $12,000 from same creditor · page: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 18179 · debtor: 8065616 Canada Inc. · creditor: ARC - Agence du revenu du Canada - Taxes · currency: CAD
- unsecured creditorspage: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 233.94 · debtor: 8065616 Canada Inc. · creditor: Gaz Métro · currency: CAD
- unsecured creditorspage: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 402.4 · debtor: 8065616 Canada Inc. · creditor: Gestion Daniel Corbeil · currency: CAD
- unsecured creditorspage: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 1790.38 · debtor: 8065616 Canada Inc. · creditor: Hydro-Québec · currency: CAD
- unsecured creditorspage: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 35372.87 · debtor: 8065616 Canada Inc. · creditor: Julian Somera c/o MNP Ltée - Olivier Boyd · currency: CAD
- unsecured creditorsnote: Related party: company president/administrator · page: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 13000 · debtor: 8065616 Canada Inc. · creditor: Romulo Flores · currency: CAD
- unsecured creditorsnote: Related party (Flores family) · page: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 13000 · debtor: 8065616 Canada Inc. · creditor: Toddy Flores · currency: CAD
- unsecured creditorspage: 7 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste A) as reported · amount: 13959 · debtor: 8065616 Canada Inc. · creditor: Dre Meija · currency: CAD
- unsecured creditorsnote: Preferred claim - wages and vacation pay per s.136(1)(d), covering last six months, subject to security under s.81.3 · page: 9 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste C) as reported · amount: 7838.77 · debtor: 8065616 Canada Inc. · creditor: Salaires et vacances - Employés · currency: CAD
- unsecured creditorsnote: Deemed trust claim (Fiducie présumée) for source deductions; trustee's report (page 18) shows corrected amount of $28,000 as of 2016-07-21 after an $11,000 bank seizure not previously reflected · page: 10 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste D) as reported · amount: 39000 · debtor: 8065616 Canada Inc. · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorsnote: Deemed trust claim (Fiducie présumée) for source deductions · page: 10 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste D) as reported · amount: 12000 · debtor: 8065616 Canada Inc. · creditor: ARC - Agence du revenu du Canada - Taxes · currency: CAD
- unsecured creditorsnote: Contingent claim - landlord (loyer); trustee's report describes as claim arising in the event of lease cancellation, estimated at approximately $90,000 · page: 10 · as of: 2016-07-19 · basis: Statement of Affairs (Form 78, Liste D) as reported · amount: 90000 · debtor: 8065616 Canada Inc. · creditor: Jean Sejean · currency: CAD
- recovery outcomeentries: basis: plan · quote: Tel qu'en témoigne notre analyse, nous sommes d'avis que les créanciers ordinaires recevraient un dividende d'environ 33% dans l'éventualité où la Proposition était acceptée, comparativement à un scénario de faillite dans lequel aucune somme ne serait disponible aux créanciers ordinaires. · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: trustee · class label: créanciers ordinaires · interim final: unstated · claims qualifier: unstated · stated on: 2016-07-21 · table missing:
- secured creditors