Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 26 October 2017
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date6 October 2017
- court file no35-2301492
- secured creditorsnote: Only registered secured creditor per Section E; amount of claim not stated (lease loss claim, not a stated secured balance). Statement of Affairs and claims register separately report Secured: Nil / $4,033 (see financial_position/unsecured entries). · page: 2 · as of: date of bankruptcy · debtor: Atkins Family Landscape Maintenance Inc. · creditor: Newroads National Leasing · currency: CAD · security: Security registered against four leased vehicles (returned pre-bankruptcy); lessor has filed a claim for losses incurred on these vehicles
- financial positionnote: Statement of Affairs figure ($145,564) and Claims Received to Date figure ($115,032) are both reported in Section D table; no total assets figure stated in the pages provided. · page: 3 · basis: As per Statement of Affairs (Total of Unsecured, Preferred, Secured (Nil) and Deemed trust claims); claims received to date total $115,032 · scope: entity - Atkins Family Landscape Maintenance Inc. · currency: CAD · total liabilities: 145564
- unsecured creditorsnote: Deemed trust class per Section D table; claims received to date: Nil. Section E separately states approximately $35,000 owing to CRA for unpaid source deductions, portion of which (withheld from employee pay cheques) represents a deemed trust payable in priority to all other creditors. · page: 3 · as of: Statement of Affairs · basis: As per Statement of Affairs · amount: 25000 · debtor: Atkins Family Landscape Maintenance Inc. · creditor: Canada Revenue Agency (deemed trust - unpaid source deductions) · currency: CAD
- unsecured creditorsnote: Preferred class per Section D table; claims received to date: Nil. Related to anticipated WEPP/Service Canada priority charge of $5,500 discussed in Section H. · page: 3 · as of: Statement of Affairs · basis: As per Statement of Affairs · amount: 5496 · debtor: Atkins Family Landscape Maintenance Inc. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. Claims received to date (as of report) total $110,999 - labelled as proofs filed, distinct from Statement of Affairs figure. · page: 3 · as of: Statement of Affairs · basis: As per Statement of Affairs · amount: 115068 · debtor: Atkins Family Landscape Maintenance Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- provinceOntario
- recovery outcomeentries: basis: estimated · quote: Assuming the Trustee collects on all receivables as expected the distribution is expected to be between 10% and 20%, after payment of the source deduction priority charge. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 20 · class key: unsecured · stated by: trustee · class label: Unsecured · interim final: unstated · conditional on: Assuming the Trustee collects on all receivables as expected, after payment of the source deduction priority charge · claims qualifier: unstated · table missing: