Alberta · Bankruptcy
Minutes of the First Meeting of Creditors dated April 9, 2024
Meeting materials · 9 April 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- courtCourt of King’s Bench of Alberta
- provinceAlberta
- financial positionnote: SOA asset components: Accounts Receivable $58,150; Cash at bank $71,769; Machinery, equipment and plant $100; Furniture $100. Liabilities not totalled in document; components include CRA payroll deemed trust claim $194,629, RBC secured $810,187 (proof of claim filed at $849,389), BDC secured $327,787, unsecured creditors (79) totalling approximately $3,791,670, and s.81.3 wage claims $4,000. Trustee notes SOA amounts are subject to change as claims process continues. · basis: Company's sworn Statement of Affairs (SOA); books and records not reviewed or audited by the Trustee · scope: entity - New Interiors Ltd. bankrupt estate · currency: CAD · total assets: 130119
- recovery outcomeentries: basis: estimated · quote: As of the date of this Report, given the estimated realizations discussed above, the expected deemed trust claim of CRA and the secured interests in favour RBC and BDC, the Trustee does not expect any distributions will be made available to New Interiors' ordinary unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-04-09 · table missing: