Ontario · Bankruptcy

Trustee’s Preliminary Report – dated September 21 2023

Court officer report · 21 September 2023

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: Assets stated only by category, no totals given: 'Furla Canada's assets included: (i) funds on deposit with financial institutions, and (ii) the Company's retail inventory'. No known secured creditors and no known preferred creditors per Statement of Affairs. Approximately six unsecured creditors with claims totalling approximately $3.5 million, excluding landlord and employee termination/severance claims. Trustee notes estimated realizations are not expected to satisfy amounts owed to creditors. · basis: Statement of Affairs (Company's own estimate) · scope: Furla Canada Inc. (single entity) · currency: CAD