Nova Scotia · Bankruptcy
Trustee Preliminary Report dated August 22, 2025
Court officer report · 22 August 2025
What we verified from this filing7 verified
- court file no46166
- appointeeGrant Thornton Limited
- appointee roleLicensed Insolvency Trustee
- commencement date7 August 2025
- statutory basiss. 49(1) of the Bankruptcy and Insolvency Act R.S.C., 1985 c. C-3, as amended
- financial positionnote: Assets: Inventory $150,000, Prepaid insurance $1, 2014 Chevrolet Silverado $1 (all secured by TD Bank); Liabilities: Secured Creditor TD Bank $500,000, Total Trade Creditors $138,529, Total Creditors $638,529. Several creditor amounts unknown and shown as $1 placeholders. Director did not know amounts owing to various creditors. · as at: 2025-08-07 · basis: Liquidation Value estimates disclosed by the Director; book value of inventory differs (~$1.6M per books and records) · scope: entity - International Pre-Owned Barcode Ltd. · currency: CAD · total assets: 150002 · total liabilities: 638529
- recovery outcomeentries: basis: estimated · quote: Accordingly, the Trustee does not expect any distribution would be available for unsecured creditors given the expected liquidation value of the remaining assets. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-22 · table missing: