Ontario · Receivership (court-appointed)
Notice and Statement of Receiver – 3 Sixty Secure Corp.
Notice to creditors · 13 September 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 filing15 verified
- financial positionnote: Total assets is per Property table (Net Book Value, unaudited) on page 1; total liabilities is per Appendix A 'Preliminary list of creditors' total, unaudited, includes secured, deemed trust, wage, and unsecured trade creditor amounts combined without segregation by rank · page: 1 · basis: Unaudited net book value obtained from Debtor's internal electronic bookkeeping records; Receiver makes no representation as to accuracy; actual realizable values may vary significantly · scope: 3 Sixty Secure Corp. (Debtor) entity level · currency: CAD · total assets: 12187784 · total liabilities: 12026751.79
- secured creditorsnote: Unknown and included for notice purposes; listed at $1.00 nominal; related to prepetition factoring agreement · page: 3 · debtor: 3 Sixty Secure Corp. · creditor: Sallyport Commercial Finance ULC · currency: CAD
- secured creditorsnote: Estimated indebtedness, unaudited · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 500000 · debtor: 3 Sixty Secure Corp. · creditor: Ural Link Ltd. · currency: CAD
- secured creditorsnote: Unknown and included for notice purposes; listed at $1.00 nominal · page: 3 · debtor: 3 Sixty Secure Corp. · creditor: Bodkin, a Division of Bennington Financial Corp. · currency: CAD
- secured creditorsnote: Estimated indebtedness · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 300000 · debtor: 3 Sixty Secure Corp. · creditor: Bank of Montreal/Banque de Montreal · currency: CAD
- secured creditorsnote: Estimated indebtedness; Appendix A lists $13,008.86 · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 13009 · debtor: 3 Sixty Secure Corp. · creditor: RCAP Leasing Inc. · currency: CAD
- secured creditorsnote: Current buyout of leased equipment not yet known; listed at $1.00 nominal · page: 3 · debtor: 3 Sixty Secure Corp. · creditor: CWB National Leasing Inc. · currency: CAD
- secured creditorsnote: Current buyout of leased equipment not yet known; listed at $1.00 nominal · page: 3 · debtor: 3 Sixty Secure Corp. · creditor: Ford Credit Canada Company · currency: CAD
- secured creditorsnote: Estimated indebtedness, unaudited · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 1869017.3 · debtor: 3 Sixty Secure Corp. · creditor: Pillar Capital Corp. · currency: CAD
- secured creditorsnote: Current buyout of leased equipment not yet known; Appendix A lists $2,776.69 · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 2776 · debtor: 3 Sixty Secure Corp. · creditor: Diamond International Trucks Ltd. · currency: CAD
- secured creditorsnote: Initial estimate based on books and records available; actual amounts will vary · page: 3 · as of: receivership appointment (initial estimate) · amount: 333355 · debtor: 3 Sixty Secure Corp. · creditor: Various Employees - BIA s. 81.4(4) · currency: CAD · security: BIA s. 81.4(4) super-priority security interest for unpaid wages
- secured creditorsnote: Initial estimate based on books and records available; actual amounts will vary · page: 3 · as of: receivership appointment (initial estimate) · amount: 86558 · debtor: 3 Sixty Secure Corp. · creditor: Various Employees - BIA s. 81.6(2) · currency: CAD · security: BIA s. 81.6(2) pension-related super-priority
- secured creditorsnote: Deemed trust class (GST/HST); estimated indebtedness · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 2000000 · debtor: 3 Sixty Secure Corp. · creditor: Receiver General - HST · currency: CAD · security: Deemed trust
- secured creditorsnote: Deemed trust class (payroll source deductions); unknown, listed at $1.00 nominal · page: 3 · debtor: 3 Sixty Secure Corp. · creditor: Receiver General - Payroll Source Deductions · currency: CAD · security: Deemed trust
- secured creditorsnote: Estimated indebtedness · page: 3 · as of: receivership appointment (estimated indebtedness) · amount: 260546.27 · debtor: 3 Sixty Secure Corp. · creditor: Leggat National Leasing · currency: CAD