Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 24 March 2025
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What we verified from this filing10 verified
- appointeeB. Riley Farber Inc.
- appointee roleLicensed Trustee
- commencement date21 February 2025
- financial positionnote: Total liabilities reflect the Statement of Affairs total of secured ($30,417.00), preferred ($0), unsecured ($576,795.08), and contingent ($0) claims as stated in the document; claims filed with Trustee are higher ($1,529,977.18 total) but that column is not used as the SOA total. · page: 1 · as at: date of bankruptcy · basis: Statement of Affairs; not audited by Trustee (books and records provided by Company, no opinion expressed as to validity, exactness or reliability) · scope: Evans Cold Storage Solutions Inc. (single entity) · currency: CAD · total assets: 394976.88 · total liabilities: 607212.08
- proceeding typebia_bankruptcy
- provinceONTARIO
- secured creditorsnote: DISCHARGED as of February 17, 2025, with proof of discharge provided to Trustee; not listed on the Statement of Affairs. Not a current secured claim. · page: 2 · as of: 2025-02-17 · debtor: Evans Cold Storage Solutions Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: PPSA registration against Company's assets
- secured creditorsnote: Trustee obtained appraisal of underlying leased equipment assets and determined no equity in the leases. A party related to the Company has requested assignment of the leases. Individual amount not separately stated. · page: 2 · as of: date of bankruptcy · debtor: Evans Cold Storage Solutions Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registration re: leased equipment (Toyota Industries Commercial Finance Canada, Inc.)
- secured creditorsnote: Individual claim amount not separately stated. Legal opinion on validity of security pending (Blake, Cassels & Graydon LLP retained); expected to be paid in full if security confirmed valid. Aggregate 'Secured' claims class per Statement of Affairs is $30,417.00, and $76,993.37 per claims filed with Trustee (class total, not broken down by creditor). · page: 2 · as of: date of bankruptcy · debtor: Evans Cold Storage Solutions Inc. · creditor: Farm Credit Canada · currency: CAD · security: General security agreement over the Property (blanket all-property registration under Ontario PPSA)
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim filed with Trustee total $1,452,983.81, higher than the Statement of Affairs figure. · page: 2 · as of: date of bankruptcy · basis: Per Statement of Affairs · amount: 576795.08 · debtor: Evans Cold Storage Solutions Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD