Nova Scotia · Bankruptcy
Trustee’s Preliminary Report to Creditors
Court officer report · 3 July 2013
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 filing11 verified · 1 withheld
- appointeeDeloitte & Touche Inc.
- appointee roleTrustee
- courtNOVA SCOTIA BANKRUPTCY COURT
- court file no37391
- proceeding typebia_bankruptcy
- statutory basisThe Bankruptcy and Insolvency Act, a federal act in Canada (the "Act")
- commencement date19 June 2013
- financial positionnote: Statement of Affairs shows only liabilities (Unsecured creditors 18,559,414) with no asset value listed; Trustee states 'the Bankrupt did not have any assets (other than its interest in H71)'. Deficit before professional fees stated as (18,559,414). · as at: 2013-06-19 · basis: unaudited Statement of Affairs · scope: entity-level: HII (71) GP Inc. (GP71) · currency: CAD · total assets: 0 · total liabilities: 18559414
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that there will not be any proceeds available for distribution to unsecured creditors as there is no asset in the Bankrupt's estate (as described above). · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee estimates that the proceeds that will be realized from the liquidation of all of H71's assets which are not secured in favor of ABN (totaling $0.6M as per the Statement of Affairs) could result in a dividend ranging from 0 to 7 cents on the dollar to the unsecured creditors (who have claims totaling $11.3M as per the Statement of Affairs). · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 7 · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 11300000 · interim final: unstated · cents on dollar: 7 · claims qualifier: listed · stated on: 2013-07-03 · table missing:
- report date3 July 2013
- report noTrustee's Preliminary Report to Creditors
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.