Ontario · Bankruptcy
Trustee's Preliminary Report dated
Court officer report · 19 August 2024
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What we verified from this filing9 verified · 1 withheld
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- court file no31-3110955
- proceeding typebia_bankruptcy
- provinceOntario
- financial positionnote: Assets figure is estimated liquidation value of removable assets held by director for safekeeping; liabilities total per Statement of Affairs includes secured $216,189.40, preferred Nil, unsecured $60,002.00; Nil proven and filed to August 18, 2024 · page: 2 · basis: Statement of Affairs (estimated liquidation value) · scope: Ling's Selection Cosmetics Limited (single entity) · currency: CAD · total assets: 2500 · total liabilities: 276191.4
- secured creditorsnote: No proof of claim received from TD Bank as of report date; per Statement of Affairs figure, Nil proven & filed to August 18, 2024 · page: 2 · as of: Statement of Affairs · amount: 216189.4 · debtor: Ling's Selection Cosmetics Limited · creditor: The Toronto-Dominion Bank · currency: CAD · security: Security agreement over all assets of the Company (PPSA registration)
- unsecured creditorsnote: Document names no individual creditors; Nil proven & filed to August 18, 2024 · page: 2 · as of: Statement of Affairs · basis: Per Statement of Affairs · amount: 60002 · debtor: Ling's Selection Cosmetics Limited · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: The Trustee does not anticipate any distribution to unsecured creditors at this time. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: at this time · claims qualifier: unstated · stated on: 2024-08-19 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.