Ontario · Bankruptcy
Minutes of First Meeting of Creditors
Meeting materials · 24 October 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- court file no31-2868298
- provinceOntario
- appointeeGoldhar & Associates Ltd
- appointee roletrustee
- financial positionnote: Assets stated only by category, not summed as one estate total: Computers (incl. software) NBV $13,356.00 / est. realizable $4,715.00; Office Furniture & Fixtures NBV $21,856.33 / est. realizable $4,715.00 (shared appraisal with computers); Leasehold Improvements NBV $35,633.25 / realizable Nil; Inventory Nil; Total owned assets per draft financials NBV $70,845.58, total estimated realizable value $4,715.00 (per appraisal). Receivables (separate category) total NBV $876,157.59, realizable value undetermined ('the trustee is unable to offer any comments regarding the potential recovery from the receivables'). Liabilities given in two inconsistent versions: per Statement of Affairs (not sworn) - Secured $895,000.00 (1 creditor), Unsecured $2,173,217.02 (21 creditors), Total $3,068,217.02; per Claims Filed as of 5:00pm Oct 14, 2022 - Secured $1,561,164.24 (6 creditors), Unsecured $10,180,208.29 (3 creditors), Total $11,741,372.53. · basis: Draft financial statements compiled by management (not reviewed or audited) as at September 23, 2022 for assets; debtor's Statement of Affairs (not sworn) for one liabilities figure; separate claims-as-filed figures received by the Trustee as of October 14, 2022 for another liabilities figure — none reviewed for validity by the Trustee · scope: Capital Build Construction Management Corp. only (entity-level); related entities (2735447 Ontario Inc., CB 11 South Woodbridge Corp., Go-To entities) are separate and not consolidated · currency: CAD