Nova Scotia · Bankruptcy
Preliminary Report
Court officer report · 13 February 2020
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What we verified from this filing10 verified
- appointeeDeloitte Restructuring Inc.
- appointee roleLicensed Insolvency Trustee
- courtSUPREME COURT OF NOVA SCOTIA
- court file no43925
- applicantNextGear Capital Corporation
- commencement date24 January 2020
- financial positionnote: Trustee states no assets are available for realization; separately, 'the magnitude and structure of the Company's debts is unknown at this time' as books and records have not been obtained. An excise tax liability of approximately $270 thousand owing to CRA is noted as a component only. · basis: Trustee's preliminary assessment; books and records of the Company have not been obtained · scope: 3246628 Nova Scotia Limited (single entity, bankrupt estate) · currency: CAD
- operational summaryThe dealership's operations ceased following asset repossession and a Sheriff's raid in 2017, and no business activity has occurred since; the Trustee has been unable to locate the debtor's principal or the company's books and records.
- recovery outcomeentries: basis: unstated · quote: As discussed above in Section B, there are no assets available for realization by the Trustee and as such no distributions are anticipated to unsecured creditors at this time. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: at this time · claims qualifier: unstated · stated on: 2020-02-13 · table missing:
- report date13 February 2020