Alberta · Bankruptcy
Trustee's Preliminary Report
Court officer report · 16 June 2023
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What we verified from this filing11 verified
- appointeeErnst & Young Inc.
- appointee roleTrustee in Bankruptcy
- commencement date30 May 2023
- court file no24-2949231
- proceeding typebia_bankruptcy
- provinceAlberta
- financial positionnote: Secured creditors per Statement of Affairs total approximately $565,811.00 (individual components list to $565,811 but reported as approximate); estimated value of property subject to secured claims is $1,763,000.00. Trustee cautions actual realizable values may be significantly less than noted. · page: 2 · basis: book values per Debtor's Statement of Affairs · scope: Precision Giant Systems Inc. o/a Precision Scale (entity level) · currency: CAD · total assets: 1763000
- secured creditorspage: 2 · as of: Statement of Affairs · amount: 67974 · debtor: Precision Giant Systems Inc. o/a Precision Scale · creditor: Royal Bank · currency: CAD
- secured creditorspage: 2 · as of: Statement of Affairs · amount: 11248 · debtor: Precision Giant Systems Inc. o/a Precision Scale · creditor: Diamond International Trucks · currency: CAD
- secured creditorsnote: EY requested to act as Agent to realize on assets; security review by independent counsel pending to confirm validity, enforceability and priority · page: 2 · as of: Statement of Affairs · amount: 486589 · debtor: Precision Giant Systems Inc. o/a Precision Scale · creditor: Canadian Western Bank ("CWB") · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Until the results of the RFP are known, and sales closed, the Trustee is unable to confirm that there will be distributions to unsecured creditors. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: until the results of the RFP are known, and sales closed · claims qualifier: unstated · stated on: 2023-06-16 · table missing: