Ontario · Receivership (court-appointed)

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 19 August 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 filing1 verified

financial positionnote: Statement is dated 13 Aug 2024 although bankruptcy date is 14 Aug 2024. Total assets shown as 13,909.64 on the summary page (List 'H' totals 13,907.64); the summary also shows a deficiency of 26,872,856.13. Liabilities: unsecured 2,817,729.35; secured 24,069,036.42; preferred 0.00; contingent/trust 0.00. Receivables listed at 60,028,749.31 (doubtful) but 'Estimated to produce: Unknown' and not included in total assets; cash 13,901.64. · as at: 2024-08-13 · basis: Statement of Affairs (Form 78), 'as stated and estimated by the officer', sworn/declared by Deloitte Restructuring Inc.; many assets valued at nominal $1.00 or 'Unknown' · scope: Serendipity Media Ltd. (single bankrupt entity), not consolidated · currency: CAD · total assets: 13909.64 · total liabilities: 26886765.77