Ontario · Bankruptcy
Trustee Preliminary Report dated August 31, 2021
Court officer report · 31 August 2021
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date17 August 2021
- court file no31-2759568
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Sole asset was cash on deposit of $193.00 at Date of Bankruptcy per the SOA; BMO subsequently wired $168.63 to the Trustee. Liabilities total per SOA comprises Secured/Deemed Trust $193, Preferred Nil, Unsecured $1,885,467, Contingent Nil = $1,885,660 (document's own total, not independently computed). Claims as filed as at August 31, 2021 were Nil across all classes. · page: 2 · as at: 2021-08-17 · basis: Statement of Affairs (unaudited, books and records of the Company not reviewed or audited by the Trustee) · scope: Organic Hill Corp. (entity level) · currency: CAD · total assets: 193 · total liabilities: 1885660
- secured creditorsnote: PPSA search conducted May 25, 2021 revealed two security interests, both in favour of Computershare Trust Company of Canada; balance/limit not disclosed · page: 2 · as of: 2021-05-25 · debtor: Organic Hill Corp. · creditor: Computershare Trust Company of Canada · currency: CAD · security: PPSA registrations (two security interests registered); amount/registration limit not stated
- unsecured creditorsnote: Document names no individual creditors; claims as filed as at August 31, 2021 (5:00pm) were Nil for this class · page: 2 · as of: 2021-08-17 · basis: Statement of Affairs as reported · amount: 1885467 · debtor: Organic Hill Corp. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Given the foregoing and the SOA, the Trustee anticipates limited realizations in the estate, and accordingly, no distributions to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: