Quebec · Bankruptcy
Trustee's Report to the Creditors on its Preliminary Administration
Court officer report · 5 August 2021
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 filing8 verified
- cash on handnote: Bank accounts closed with nil balance. · as at: 2021-07-22 · amount: 0 · currency: CAD
- closing confirmedscope: certain of the Debtor's assets · outcome: completed · effective: 2021-05-18 · purchaser: 12952882 Canada Inc. · date basis: stated · approval order date: 2021-05-12
- financial positionnote: Unsecured creditors per SOA as at July 19, 2021: 24 creditors totaling $1,594,157.19; Debtor no longer has any secured creditors pursuant to the Sale Transaction. · as at: 2021-07-19 · basis: Statement of Affairs · scope: 193069 Canada Inc. (the Debtor), single entity · currency: CAD · total assets: 0 · total liabilities: 1594157.19
- operational summaryFollowing the sale of substantially all of the Debtor's assets to a related purchaser in May 2021, the Debtor no longer operates any business or holds any assets, and its books and records are being kept by the purchaser for continuity.
- process resultsbids: 2 · note: figures from the Trustee's Third Report to the Court dated May 6, 2021 · as of: 2021-05-06
- purchaser12952882 Canada Inc.
- report date5 August 2021
- sale outcometext: Pursuant to this Sale Transaction, all of the Debtor's assets, with the exception of certain leases and similar agreements have been sold. · scope: whole_business · status: closed