Alberta · Bankruptcy
Trustee’s Preliminary Report
Court officer report · 2 November 2022
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What we verified from this filing7 verified
- appointeeA. Farber & Partners Inc.
- appointee roleLicensed Trustee
- commencement date13 October 2022
- proceeding typebia_bankruptcy
- provinceAlberta
- financial positionnote: As at 'the date of bankruptcy' (Oct 13, 2022 assignment date), per Statement of Affairs: Cash in bank $503.75, Accounts receivable $59,000.00 (Estimated realizable value). Provable claims per Statement of Affairs: Secured $1.00, Unsecured $2,653,968.37; Total $2,653,969.37. Separately, claims actually Filed with Trustee totalled only $57,780.53 (Unsecured), a much lower figure than the SOA estimate. · basis: Estimated realizable value per the Company's Statement of Affairs (assets); claims per Statement of Affairs (liabilities) - unaudited, not verified by Trustee · scope: entity - Westward Industrial Inc. · currency: CAD · total assets: 59503.75 · total liabilities: 2653969.37
- recovery outcomeentries: basis: estimated · quote: Consequently, it is anticipated that there will be no dividend to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: