Ontario · Bankruptcy
Preliminary Report of Trustee
Court officer report · 30 January 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 filing15 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date10 January 2025
- court file no35-3127410
- proceeding typebia_bankruptcy
- financial positionnote: Total per Statement of Affairs comprises Unsecured $2,897,186, Preferred Nil, Secured Nil, Deemed trust $554,100; a separate 'Claims Received to Date' column shows Unsecured $485,315, Secured $85,895, Deemed trust $428,822, Total $1,000,032 (not summed here per document presentation). No total assets figure stated; cash of $4,145 and equipment/inventory described but not valued. · page: 2 · as at: 2025-01-10 · basis: Statement of Affairs · scope: 1985314 Ontario Ltd. (Coulson Cannabis), single entity · currency: CAD · total liabilities: 3451286
- secured creditorsnote: Filed proof of claim and security; no specific amount stated · page: 2 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Vault Credit · currency: CAD · security: General security interest in all assets
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Deemed trust class; stated to have priority over claims of secured lenders · page: 3 · as of: claims received to date · amount: 428822 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust priority charge over all assets
- secured creditorsnote: No amount stated · page: 3 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Merchant Capital Group LLC · currency: CAD · security: Registered security - category described as 'other'
- secured creditorsnote: No amount stated · page: 3 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Royal Bank of Canada · currency: CAD · security: Registered security over motor vehicle
- secured creditorsnote: No amount stated · page: 3 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Salt Capital · currency: CAD · security: Registered security over accounts
- secured creditorsnote: No amount stated · page: 3 · debtor: 1985314 Ontario Ltd. (Coulson Cannabis) · creditor: Dorsia Capital Corporation · currency: CAD · security: General security
- provinceOntario
- recovery outcomeentries: basis: estimated · quote: As all of the Company assets are covered by CRA's deemed trust for unremitted source deductions, the Trustee does not anticipate a distribution in this estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors (estate generally) · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-30 · table missing: