Ontario · Bankruptcy
Notice to Creditors
Notice to creditors · 29 September 2020
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What we verified from this filing18 verified
- financial positionnote: Assets consist entirely of $331,950.82 cash on hand. Deficiency of $9,403,872.16 stated (Surplus: NIL). Statement sworn by Michael A. Maidy, Manager of KodaCloud (Assignment for the Benefit of Creditors), LLC, solely in its capacity as assignee for the benefit of creditors of KodaCloud, Inc. · page: 3 · as at: 2020-09-24 · basis: Statement of Affairs (Form 78) - as stated and estimated by the officer · scope: KodaCloud Canada Inc. (single entity) · currency: CAD · total assets: 331950.82 · total liabilities: 9735822.98
- unsecured creditorspage: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 19939.25 · debtor: KodaCloud Canada Inc. · creditor: Deloitte LLP · currency: CAD
- unsecured creditorsnote: Total claim comprises $207,095.34 unsecured claim plus $54,422.84 balance of claim (deficiency from bifurcated secured claim, see List B). · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 261518.18 · debtor: KodaCloud Canada Inc. · creditor: Huw Rees · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 235126.09 · debtor: KodaCloud Canada Inc. · creditor: Labarge Weinstein · currency: CAD
- unsecured creditorsnote: Entire amount is the balance of claim (deficiency) from bifurcated secured claim (see List B); no separate unsecured claim portion stated. · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 62428.39 · debtor: KodaCloud Canada Inc. · creditor: Marcel Chenier · currency: CAD
- unsecured creditorsnote: Government creditor (Finance Branch, National Research Council Canada); document does not label this a deemed-trust claim. · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 667000 · debtor: KodaCloud Canada Inc. · creditor: Receiver General of Canada - National Research Council Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 339.55 · debtor: KodaCloud Canada Inc. · creditor: Staples Boucherville · currency: CAD
- unsecured creditorsnote: Total claim comprises $1,772,736.13 unsecured claim plus $1,937,962.91 balance of claim (deficiency from bifurcated secured claim, see List B). · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3710699.04 · debtor: KodaCloud Canada Inc. · creditor: Voyager Capital · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 649.75 · debtor: KodaCloud Canada Inc. · creditor: Allstream · currency: CAD
- unsecured creditorsnote: Total claim comprises $207,095.34 unsecured claim plus $62,427.85 balance of claim (deficiency from bifurcated secured claim, see List B). · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 269523.19 · debtor: KodaCloud Canada Inc. · creditor: Bernard Herscovici · currency: CAD
- unsecured creditorsnote: Total claim comprises $2,207,471.62 unsecured claim plus $1,937,962.91 balance of claim (deficiency from bifurcated secured claim, see List B). · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 4145434.53 · debtor: KodaCloud Canada Inc. · creditor: Celtic House · currency: CAD
- unsecured creditorsnote: Entire amount is the balance of claim (deficiency) from bifurcated secured claim (see List B); no separate unsecured claim portion stated. · page: 4 · as of: 2020-09-24 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated and estimated by the officer · amount: 31214.19 · debtor: KodaCloud Canada Inc. · creditor: Derek South · currency: CAD
- secured creditorsnote: Estimated value of security stated as $0.00; entire claim treated as deficiency and carried into unsecured total (bifurcated secured/unsecured by security valuation). · page: 5 · as of: 2020-09-24 · amount: 31214.19 · debtor: KodaCloud Canada Inc. · creditor: Derek South · currency: CAD · security: Cash on Hand - Cash on hand
- secured creditorsnote: Estimated value of security stated as $0.00; entire claim treated as deficiency and carried into unsecured total (bifurcated secured/unsecured by security valuation). See corresponding List A Total claim of $261,518.18. · page: 5 · as of: 2020-09-24 · amount: 54422.84 · debtor: KodaCloud Canada Inc. · creditor: Huw Rees · currency: CAD · security: Cash on Hand - Cash on hand
- secured creditorsnote: Estimated value of security stated as $0.00; entire claim treated as deficiency and carried into unsecured total (bifurcated secured/unsecured by security valuation). · page: 5 · as of: 2020-09-24 · amount: 62428.39 · debtor: KodaCloud Canada Inc. · creditor: Marcel Chenier · currency: CAD · security: Cash on Hand - Cash on hand
- secured creditorsnote: Estimated value of security $165,975.41; balance of claim (deficiency not covered by security) of $1,937,962.91 carried into unsecured total (bifurcated secured/unsecured by security valuation). See corresponding List A Total claim of $3,710,699.04. · page: 5 · as of: 2020-09-24 · amount: 2103938.32 · debtor: KodaCloud Canada Inc. · creditor: Voyager Capital · currency: CAD · security: Cash on Hand - Cash on hand
- secured creditorsnote: Estimated value of security $165,975.41; balance of claim (deficiency not covered by security) of $1,937,962.91 carried into unsecured total (bifurcated secured/unsecured by security valuation). See corresponding List A Total claim of $4,145,434.53. · page: 5 · as of: 2020-09-24 · amount: 2103938.32 · debtor: KodaCloud Canada Inc. · creditor: Celtic House · currency: CAD · security: Cash on Hand - Cash on hand
- secured creditorsnote: Estimated value of security stated as $0.00; per Statement of Affairs the entire claim balance ($62,427.85) is a deficiency carried into the unsecured total (bifurcated secured/unsecured by security valuation). See corresponding List A Total claim of $269,523.19. · page: 5 · as of: 2020-09-24 · amount: 62427.85 · debtor: KodaCloud Canada Inc. · creditor: Bernard Herscovici · currency: CAD · security: Cash on Hand - Cash on hand