Alberta · Bankruptcy
Trustee’s Preliminary Report
Court officer report · 19 May 2022
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What we verified from this filing7 verified
- appointeeA. Farber & Partners Inc.
- appointee roleLicensed Trustee
- commencement date2 May 2022
- proceeding typebia_bankruptcy
- provinceALBERTA
- financial positionnote: Liabilities per Statement of Affairs total $638,667 (Secured $250,000; Unsecured $388,667); however claims 'Filed with Trustee' as at date of report total $1,112,404 (Secured $294,292; Unsecured $818,112). CRA also asserts a deemed trust claim for unremitted source deductions 'exceeding $90,000', ranking in priority to all other claims. · as at: 2022-05-02 · basis: Company's Statement of Affairs; asset values per estimated realizable value and appraisal reports · scope: entity - Romeo's Flooring & Stone Inc. (bankrupt estate) · currency: CAD · total assets: 135936 · total liabilities: 638667
- recovery outcomeentries: basis: estimated · quote: It is anticipated that these creditors will suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: deemed_trust · stated by: trustee · class label: CRA, RBC Royal Bank, and the landlord (secured creditors) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, no surplus funds are expected to be available for distribution to preferred or unsecured creditors. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred or unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: