Alberta · Receivership (court-appointed)

Trustee's Preliminary Report

Court officer report · 28 May 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 filing2 verified

financial positionnote: As detailed in the Statement of Affairs, as of the date of bankruptcy, the Company did not have any realizable assets; all realizable assets are under administration of the Receiver. Secured creditors per SOA (May 11): 2 claims totalling $6,091,207; Unsecured creditors per SOA: approximately 234 creditors totalling approximately $9.3 million (excluding unsecured amounts owed to terminated employees, not calculated at time of SOA); estimated deemed trust payroll source deductions of approximately $29,000; estimated section 81.4 wage claims of approximately $18,000. · basis: Statement of Affairs · scope: entity - Metro Paving and Roadbuilding Ltd. bankruptcy estate · currency: CAD
recovery outcomeentries: basis: estimated · quote: Accordingly, it is anticipated that there will be no funds available for distribution to the unsecured creditors of the Company. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: