British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 14 November 2024
What we verified from this filing14 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date31 October 2024
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisthe Bankruptcy and Insolvency Act
- financial positionnote: Total assets figure is the Other Property value (SR&ED tax credit for FYE Nov 30, 2023) reported in the Statement of Affairs; asset value to be confirmed by Trustee via CRA correspondence. Total liabilities per Statement of Affairs: secured $418,800, preferred nil, unsecured $2,954,625, total $3,373,425. Separately, total proofs of claim filed to date equal $1,058,437.93 (secured $211,200, preferred nil, unsecured $847,238). · page: 2 · basis: Statement of Affairs filed in the bankruptcy · scope: Clairvoyant Therapeutics Inc. (entity level, bankrupt estate) · currency: CAD · total assets: 469929 · total liabilities: 3373425
- secured creditorsnote: Related party (director). No proof of claim submitted as of date of report; amount not stated. · page: 2 · debtor: Clairvoyant Therapeutics Inc. · creditor: Damian Kettlewell · currency: CAD · security: Registered security interest over all present and future rights in respect of SR&ED tax credits
- secured creditorsnote: Statement of Affairs listed secured creditors total at $418,800; claims filed total $211,200. This is Empowered's individually submitted claim. · page: 2 · as of: date of this report (proof of claim submitted) · amount: 211200 · debtor: Clairvoyant Therapeutics Inc. · creditor: Empowered Startups Ltd. · currency: CAD · security: General security agreement over all present and after-acquired personal property
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim filed for unsecured claims total $847,238 (of eleven total proofs filed totaling $1,058,437.93 across all classes). No significant differences noted between claims filed and Statement of Affairs listing. · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 2954625 · debtor: Clairvoyant Therapeutics Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Only unpaid wages were owed to directors; Section 81.3(1) priority does not apply to director/officer wage claims, so this priority is stated as inapplicable. · page: 3 · debtor: Clairvoyant Therapeutics Inc. · creditor: Wage earners (directors) · currency: CAD · security: Section 81.3(1) BIA super-priority security over Company assets to extent of $2,000 per employee
- secured creditorsnote: Deemed trust class claim; no proof of claim received to date, amount unknown/unconfirmed by CRA. · page: 3 · debtor: Clairvoyant Therapeutics Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over unremitted payroll source deductions; ranks in priority to all other creditors
- provinceBritish Columbia