Ontario · Bankruptcy
Trustee's Preliminary Report dated June 22, 2018.pdf
Court officer report · 22 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing14 verified
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Amount is 'Debt per records' from PPSA search; Trustee makes no acknowledgement of amount owing or security claimed. · page: 4 · as of: per Company's records · amount: 575056 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Kodiak Group Holdings Inc. · currency: CAD · security: First ranking mortgage on Rossiter Boats Premises; PPSA registration over personal property
- secured creditorsnote: Amount is 'Debt per records' from PPSA search; Trustee's counsel to review security prior to receiver appointment discussions. · page: 4 · as of: per Company's records · amount: 420000 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Toronto-Dominion Bank (TD Bank) · currency: CAD · security: Second ranking mortgage on Rossiter Boats Premises; PPSA registration over personal property; holds cash accounts including ~$95,768 CAD Letter of Credit
- unsecured creditorsnote: Trust claim priority payable (BIA deemed trust), ranking ahead of secured and ordinary unsecured claims per para. 26; amount 'As Received' by Trustee reported separately as $12,750; document names no individual trust claimants. · page: 4 · as of: per Company's records · basis: Summarized claim amounts 'As Per Records' (Trustee's Report, Section D) · amount: 138331 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Trust claimants (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors; 'As Received' figure reported separately by Trustee as $538,634; Trustee does not anticipate any distribution to unsecured creditors (para. 26). · page: 4 · as of: per Company's records · basis: Summarized claim amounts 'As Per Records' (Trustee's Report, Section D) · amount: 1185015 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorspage: 5 · as of: per Company's records · amount: 83108 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Yamaha Motor Canada Inc. · currency: CAD · security: PPSA registration
- secured creditorsnote: Listed as 'nil' debt per records. · page: 5 · as of: per Company's records · amount: 0 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: SNAP Commercial Finance Corporation · currency: CAD · security: PPSA registration
- secured creditorspage: 5 · as of: per Company's records · amount: 120998 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Caldwell ICM Market Strategy · currency: CAD · security: PPSA registration
- secured creditorspage: 5 · as of: per Company's records · amount: 25024 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: IPS Invoice Payment System Corporation · currency: CAD · security: PPSA registration
- secured creditorspage: 5 · as of: per Company's records · amount: 73894 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Jim Hayhurst · currency: CAD · security: PPSA registration
- secured creditorsnote: Listed as 'nil' debt per records. · page: 5 · as of: per Company's records · amount: 0 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: National Leasing Group Inc. · currency: CAD · security: PPSA registration
- secured creditorsnote: Related party: Scott Hanson is the most recent Company Officer of Rossiter Boats. · page: 5 · as of: per Company's records · amount: 3140 · debtor: Windward Holdings Inc. o/a Rossiter Boats · creditor: Scott Hanson · currency: CAD · security: PPSA registration
- recovery outcomeentries: basis: estimated · quote: As the appraised value of the assets is less than Rossiter Boats' trust claim priority payables and secured debts, and in considering reasonable costs, the Trustee does not anticipate there will be any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2018-06-22 · table missing: