British Columbia · Winding-up (provincial)
Liquidator's First Report filed June 2 2025
Court officer report · 2 June 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- financial positionnote: The quantum of the CRA deemed trust claim cast doubt on solvency; Liquidator conducted an estimated realization analysis as of January 11, 2025 with assumptions, but no total assets/liabilities figures stated on these pages. · page: 7 · as at: 2025-01-11 · basis: estimated realization analysis · scope: Little Fish Aquatics Inc. (entity level) · currency: CAD
- unsecured creditorsnote: deemed trust claim; GST unremitted $... plus interest and penalty of $64,161.37, totaling $343,934.29 · page: 7 · as of: 2025-05-16 · basis: Liquidator's First Report · amount: 343934.29 · debtor: Little Fish Aquatics Inc. · creditor: CRA (unremitted GST, plus interest and penalty) · currency: CAD
- unsecured creditorsnote: Document names 45 trade creditors in the accounts payable listing but total is reported as an aggregate here; individual creditor names not provided on these pages (see Appendix 3, not included) · page: 7 · as of: date of the Liquidation Order · basis: Company's accounts payable listing identified forty-five (45) trade creditors · amount: 305345.99 · debtor: Little Fish Aquatics Inc. · creditor: Unsecured trade creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: amount to be determined through a formal claims process; likely preferred wage claims under BIA priority but amount not stated · page: 7 · basis: Liquidator working with Bookkeeper and Mr. Sinitsin to ascertain amount owing to employees · debtor: Little Fish Aquatics Inc. · creditor: Employees (wage claims) · currency: CAD
- process resultsbids: 1 · note: seven potential purchasers, one written offer received · as of: 2025-05-16
- purchaser1046335 B.C. Ltd.
- sale advisorColliers; Able
- sale outcometext: Liquidator and Colliers believe that the sale process was robust and the market has been fully canvassed and recommends this Honourable Court grant the Approval and Vesting Order in respect of the transaction. · scope: parcel · status: pending_approval
- secured creditors