Ontario · Bankruptcy
Report of the Trustee's Preliminary Administration dated May 22, 2009
Court officer report · 22 May 2009
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What we verified from this filing7 verified
- appointeeRSM Richter Inc.
- appointee roleTrustee in Bankruptcy
- commencement date1 May 2009
- provinceONTARIO
- financial positionnote: Book value total $3,651,872 vs. Estimated Realizable Value total $2,392,276; unsecured creditor claims totalled approximately $2.9 million as at May 1, 2009 (does not include employee severance/termination claims or amounts owing to CRA); secured creditor amounts owing listed as 'Unknown' for several equipment lessors; fixed assets and intercompany receivable book values also listed as 'unknown'. · as at: 2009-05-01 · basis: Estimated book values and realizable values of the Bankrupt's assets as at May 1, 2009 · scope: Bankrupt entity only (Noble Metal Processing Canada, Inc.) · currency: CAD · total assets: 2392276
- operational summaryThe Bankrupt ceased operations upon its assignment in bankruptcy, and the Trustee is realizing assets, reviewing the validity of secured claims (including GE's security), and investigating potential reviewable transactions or preferences from the year prior to bankruptcy.
- report date22 May 2009