Nova Scotia · Bankruptcy
Trustee’s Preliminary Report to Creditors
Court officer report · 3 July 2013
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What we verified from this filing9 verified
- courtNOVA SCOTIA BANKRUPTCY COURT
- court file no37377
- proceeding typebia_bankruptcy
- statutory basisThe Bankruptcy and Insolvency Act, a federal act in Canada (the "Act")
- appointeeDeloitte & Touche Inc.
- appointee roletrustee
- commencement date13 June 2013
- financial positionnote: Book value total assets were $7,574,890 versus estimated net realization value of $4,209,494; deficit before professional fees estimated at $(1,287,062). · as at: 2013-06-11 · basis: unaudited Statement of Affairs, estimate of net realization value (book value total assets also stated as $7,574,890) · scope: entity: Homco Realty Fund (102) Limited Partnership (H102) · currency: CAD · total assets: 4209494 · total liabilities: 5496556
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates that the proceeds that will be realized from the liquidation of all of H102's assets which are not secured in favor of FGH (totaling $0.55M as per the Statement of Affairs) could result in a dividend ranging from 0 to 30 cents on the dollar to the unsecured creditors (who have claims totaling $1.8M as per the Statement of Affairs). · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 30 · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 1800000 · interim final: unstated · conditional on: The amount of the final dividend to the unsecured creditors will depend on the value that will be realized from H102's assets, the total amount of claims that will be proven by creditors before dividend distribution, and on the administration costs of the estate. · claims qualifier: listed · table missing: