Nova Scotia · Bankruptcy
Preliminary Report of the Trustee dated April 30, 2025.pdf
Court officer report · 30 April 2025
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 filing11 verified
- court file no46088
- appointeeGrant Thornton Limited
- appointee roleLicensed Insolvency Trustee
- commencement date11 April 2025
- statutory basiss. 49(1) of the Bankruptcy and Insolvency Act
- cash on handnote: Company's estimate of cash in RBC bank account as of Date of Bankruptcy; Trustee's review of books suggests actual balance was approximately $157,000, unconfirmed by RBC. · as at: 2025-04-11 · amount: 200000 · currency: CAD · qualifier: estimated
- financial positionnote: Total liabilities not stated as an aggregate figure; document lists secured creditors by registered asset category and an estimated trade accounts payable of $693,587, without summing to a total. The $200,000 Cash in Bank figure was the Company's estimate; the Trustee's review of books and records suggests the actual balance was approximately $157,000, unconfirmed by RBC. · as at: 2025-04-11 · basis: Company-disclosed book value as at Date of Bankruptcy · scope: entity - Sunshine Renewable Energy Inc. only (not consolidated with related company 4454577 Nova Scotia Limited) · currency: CAD · total assets: 1123356
- operational summaryThe Company ceased all operations and terminated its employees as of the Date of Bankruptcy; the Trustee is not carrying on the business and is instead undertaking realization of assets and a short sales process.
- receipts cumulativenote: Reflects accounts receivable collected by the Trustee to date; not a full statement of all receipts. · since: Date of Bankruptcy (April 11, 2025) · amount: 10586 · currency: CAD
- report date30 April 2025
- report noPreliminary Report