Newfoundland and Labrador · Bankruptcy
Trustee’s Report on Preliminary Administration
Court officer report · 28 April 2017
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
- commencement date10 April 2017
- courtCANADA DISTRICT OF NEWFOUNDLAND AND LABRADOR
- court file no21224
- appointeeMNP Ltd.
- appointee roleTrustee
- financial positionnote: Components only, not summed: Term Deposit book value $242,833 (Trustee does not anticipate realizing on the asset); Accounts receivable book value $623, estimated realization value $623; Unsecured creditors per Statement of Affairs $584,256. · as at: 2017-04-10 · basis: Book value and estimated realization value as of the date of bankruptcy; unsecured creditor claims per Statement of Affairs · scope: Equity Capital Corp. bankruptcy estate · currency: CAD
- operational summaryThe debtor filed an NOI which failed for non-filing of a cash-flow statement and it was deemed bankrupt; the Trustee is recovering books and records and there is no ongoing operating business.
- recovery outcomeentries: basis: estimated · quote: Due to the uncertainty of realizing on the Company's assets, the Trustee does not anticipate any dividend available to the creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-04-28 · table missing:
- report date28 April 2017