Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 30 May 2025
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 filing8 verified
- commencement date13 May 2025
- court file no32-3222513
- proceeding typebia_bankruptcy
- provinceOntario
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Liabilities figure is the 'As per SOA' total ($3,053,295.25 = Secured $310,232.03 + Unsecured $2,743,063.22); a separate 'Claims as Admitted' total of $2,092,562.19 (Secured $250,000.00 + Unsecured $1,842,562.19) was also reported as of 5:00 PM EDT May 29, 2025 for voting purposes only. · basis: sworn Statement of Affairs (SOA) - estimated realizable value · scope: entity - Trunorth Tire Distribution Ltd. (bankrupt estate) · currency: CAD · total assets: 513786.85 · total liabilities: 3053295.25