Ontario · Bankruptcy
Trustee's preliminary report
Court officer report · 13 February 2024
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What we verified from this filing9 verified
- appointeeMNP Ltd.
- appointee rolelicensed insolvency trustee
- commencement date25 January 2024
- court file no31-3034754
- provinceOntario
- financial positionnote: SOA dated January 24, 2024 shows the Company has no assets. Secured claims per SOA and as filed: Nil. · page: 2 · as at: 2024-01-24 · basis: Statement of Affairs · scope: Adara Properties Inc. (single entity, bankrupt estate) · currency: CAD · total assets: 0 · total liabilities: 538995.88
- unsecured creditorsnote: Comprised of loans from the two directors of approximately $239,000 each, and a Canada Emergency Business Account loan of $60,000; proofs of claim filed as of 5:00 p.m. February 12, 2024 totaled Nil. · page: 2 · as of: 2024-01-24 · basis: Statement of Affairs as reported · amount: 538995.88 · debtor: Adara Properties Inc. o/a Officescape Canada · creditor: Unsecured creditors (aggregate as per SOA) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Based on the foregoing, the Trustee does not anticipate any distribution to creditors in the bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-02-13 · table missing:
- secured creditors