Alberta · Bankruptcy
Trustee's Preliminary Report (February 29, 2024)
Court officer report · 29 February 2024
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 filing7 verified
- appointeeHarris and Partners Inc.
- appointee roletrustee
- commencement date16 February 2024
- provinceALBERTA
- operational summaryThe Trustee has taken possession and control of the company's wine and liquor inventory, which is being held in storage pending future sale, and preliminary review indicates asset realizations will not be sufficient to satisfy the secured debt in full.
- recovery outcomeentries: basis: estimated · quote: Consequently, it does not appear that there will be any distributions to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-02-29 · table missing:
- report date29 February 2024