Alberta · Bankruptcy
Trustee's Preliminary Report to Creditors dated November 14, 2023
Court officer report · 14 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- appointeeGrant Thornton Limited
- appointee roletrustee
- commencement date26 October 2023
- provinceAlberta
- statutory basisSection 49 of the Bankruptcy and Insolvency Act
- cash on handnote: Cash held by Interim Receiver per Statement of Affairs, to be transferred to the Receiver. · as at: 2023-10-26 · amount: 1548157 · currency: CAD
- financial positionnote: Liabilities not totalled by Trustee; components stated separately: BNS secured ~$3,422,092.76, Paul McDougall secured ~$2,384,000, other unsecured creditors ~$1,485,800.73 per Statement of Affairs. · as at: 2023-10-26 · basis: Statement of Affairs (sworn) - book value · scope: entity - 1170689 Alberta Ltd. (the Estate) · currency: CAD · total assets: 2235065
- operational summaryThe Company has ceased active operations and has no physical premises; its remaining cash and receivables are being collected and controlled by the Receiver, with no anticipated realizations for the estate as all assets are subject to BNS's security.
- report date14 November 2023