Ontario · Receivership (court-appointed)
Pre-Filing Report to Court – Receiver
Pre-filing report · 29 May 2024
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 filing7 verified
- secured creditorsnote: Related party (applicant/director-affiliated individual) acting as secured creditor; amount is approximate per proposed Receiver's preliminary review · page: 4 · as of: date of Pre-Appointment Report (approximate) · amount: 104160 · debtor: Clearfit Inc. · creditor: David Kassie · currency: USD
- secured creditorsnote: Joint secured claim; David Kassie is a related party · page: 5 · as of: date of Pre-Appointment Report (approximate) · amount: 458680 · debtor: Clearfit Inc. · creditor: Grandbanks Capital Venture Fund II LP and David Kassie (jointly) · currency: USD
- secured creditorspage: 5 · as of: date of Pre-Appointment Report (approximate) · amount: 1310515 · debtor: Clearfit Inc. · creditor: Business Development Bank of Canada · currency: USD
- unsecured creditorspage: 5 · as of: date of Pre-Appointment Report (approximate) · basis: Receiver's understanding based on preliminary review of Information; approximate amount · amount: 1822415 · debtor: Clearfit Inc. · creditor: CareerExact · currency: CAD
- unsecured creditorspage: 5 · as of: date of Pre-Appointment Report (approximate) · basis: Receiver's understanding based on preliminary review of Information; approximate amount · amount: 60000 · debtor: Clearfit Inc. · creditor: RBC · currency: CAD
- unsecured creditorsnote: Related party (applicant) also holding unsecured claim distinct from secured claim · page: 5 · as of: date of Pre-Appointment Report (approximate) · basis: Receiver's understanding based on preliminary review of Information; approximate amount · amount: 421061 · debtor: Clearfit Inc. · creditor: David Kassie · currency: USD
- unsecured creditorsnote: Also holds joint secured claim with Kassie, separate unsecured claim in own name · page: 5 · as of: date of Pre-Appointment Report (approximate) · basis: Receiver's understanding based on preliminary review of Information; approximate amount · amount: 421061 · debtor: Clearfit Inc. · creditor: Grandbanks Capital Venture Fund II LP · currency: USD