Ontario · Bankruptcy
Preliminary Report – Salvation Bioscience Inc.
Court officer report · 3 April 2025
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 filing9 verified
- appointeeDodick Landau Inc.
- appointee roleTrustee in Bankruptcy
- commencement date14 March 2025
- court file no31-3198493
- provinceONTARIO
- financial positionnote: Statement says Salvation has no remaining assets as of the Date of Bankruptcy (March 14, 2025). Total liabilities not stated; Statement of Affairs lists three unsecured creditors with potential provable claims totalling $485,446, relating to legal costs awards in respect of the Company's litigation. · as at: 2025-03-14 · basis: Statement of Affairs as summarized in the Trustee's preliminary report · scope: Salvation Bioscience Inc. (single entity) · currency: CAD
- operational summaryThe company's operations were wound down by its parent; its lab ceased operations in 2020 and its assets were removed. It was assigned into bankruptcy on March 14, 2025, has no remaining assets, and the Trustee expects no realizations or distributions to creditors.
- recovery outcomeentries: basis: estimated · quote: The Trustee expects that there will be no realizations and, therefore, no distributions to the creditors of Salvation. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors of Salvation · claims amount: 485446 · interim final: unstated · claims qualifier: listed · stated on: 2025-04-03 · table missing:
- report date3 April 2025