Quebec · Bankruptcy
Trustee’s Report to the Creditors on its Preliminary Administration
Court officer report · 19 October 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- appointeePricewaterhouseCoopers Inc.
- appointee roletrustee
- commencement date30 September 2020
- courtSUPERIOR COURT
- court file no500-11-058890-209
- proceeding typebia_bankruptcy
- provinceQUEBEC
- cash on handnote: Cash per Statement of Affairs; funds transferred to Trustee's trust account. · amount: 5589.71 · currency: CAD
- financial positionnote: Figures are as reported in the Company's Statement of Affairs; asset realization uncertain (e.g., receivable from S. Cohen Inc. unlikely to be recovered, income tax receivable of $51,818 booked at only $1 nominal value). · basis: Value per Statement of Affairs · scope: entity - S & F Clothing (Canada) Ltd. · currency: CAD · total assets: 285442.71 · total liabilities: 3461
- operational summaryS & F ceased operations by April 2017 after losing a major private label customer, settled nearly all liabilities, and has no ongoing business; it filed for bankruptcy mainly due to anticipated litigation costs from a union grievance.
- recovery outcomeentries: basis: unstated · quote: As at the date of this report, the Trustee is unable to determine if a distribution will be made to the unsecured creditors as any distribution is dependent on the realization of the receivable from S. Cohen; · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: any distribution is dependent on the realization of the receivable from S. Cohen · claims qualifier: unstated · stated on: 2020-10-19 · table missing:
- report date19 October 2020