Ontario · Receivership (court-appointed)
S.246 Report for the period October 26, 2019 to April 26, 2020.pdf
Notice of receiver (s. 245 / Form 87) · 26 October 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- financial positionnote: Liabilities $41,456,447.87: unsecured creditors as per List “A” $20,206,276.87; balance of secured claims as per List “B” $17,449,485.44 (total unsecured $37,655,762.31); secured creditors as per List “B” $3,799,171.56; preferred creditors as per List “C” $1,514.00; contingent or other liabilities $0. Assets $3,799,171.56: accounts receivable (good) $246,229.00; cash $3,552,942.56. Deficiency $37,657,276.31; surplus NIL. Bank of Montreal's row on List “A” shows unsecured claim $0.00 with balance of claim $17,449,485.44 — the unsecured shortfall of its secured position. List “A” itemizes roughly 250 unsecured creditors over Form 78 pages 2-12, but the pages are served as a low-resolution fax-quality scan whose amount digits cannot be read reliably enough to transcribe row-by-row, and Lists “B” (secured) and “C” (preferred) fall on Form 78 pages absent from the served capture — so no per-creditor rows are recorded from this document. · page: 9 · as at: 2019-12-19 · basis: Form 78 Statement of Affairs of Best Made Toys International, ULC, sworn December 19, 2019 by DRI as Receiver & Manager (bankruptcy assignment filed December 20, 2019; Deloitte Restructuring Inc. trustee, Estate No. 31-2599042). Contained in the creditor package attached as an exhibit to the Receiver's Report of December 10, 2020. · scope: Best Made Toys International, ULC (entity level). The receivership (CV-19-00618506-00CL, BMO v. Best Made Toys International ULC and affiliates) covers the wider group; this sworn statement is for the ULC alone. · currency: CAD · total assets: 3799171.56 · total liabilities: 41456447.87