Proceedings.

1000798451 Ontario Inc. Turtle Jacks

ActiveFollow
Proceeding
BankruptcyBankruptcy and Insolvency Act
File
32-3402262
Filings held5
Last activity12 Aug 2026
On the record105 days
OverviewSummary updated

1000798451 Ontario Inc., also known as Turtle Jacks, became bankrupt under the BIA on July 24, 2026 at 13:09, under court file no. 32-3402262. The sworn Form 78 Statement of Affairs, estimated by the debtor as at that date, reports no assets and total liabilities of $323,726.28, all of it unsecured, with nil secured, preferred and contingent claims, leaving a stated deficiency of $323,726.28. The largest claim is $311,000.00 owed to RBC Royal Bank Visa, care of BankruptcyHighway.com, on account of a CSFBL loan, term loan, line of credit and credit card. Although the Exhibit A creditor mailing list types that claim as secured, the sworn statement records it under nature of liability "Other" with nothing in the secured column and no asset pledged against it. The estate remains open.

Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates5 dated entries
#Report

The officer filed report no. Trustee's Preliminary Report to Creditors on the Bankruptcy Administration. The Company, which operated a restaurant under the Turtle Jacks name, sold all of its remaining assets prior to bankruptcy and no longer operates any business; having no assets left, it filed an assignment in bankruptcy shortly after the sale closed. Court file 32-3402262.

Source: Trustee's Preliminary Report

Parties

Debtor

1000798451 Ontario Inc. Turtle Jacks

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredRBC Royal Bank Visa c/o Bankruptcy Highway.com · in 7 casesDetails: 'CSFBL loan, Term loan, LOC, credit card'; classified by the debtor as fully unsecured (Secured column $0.00) despite bank-loan nature — debtor: 1000798451 Ontario Inc. (AKA Turtle Jacks) · as of 24 Jul 2026$311KNotice to Creditors
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

9 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 12 Aug 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the trusteeTrustee's Preliminary Report · 12 Aug 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents5 filings
DateDocumentFile
Trustee's Preliminary Report
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 24 July 2026
  • Cash on hand Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Tear Sheet
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit of Mailing
  • Commencement date 24 July 2026
  • Court file no 32-3402262
  • Province ONTARIO
  • Financial position Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Notice to Creditors
  • Commencement date 24 July 2026
  • Court file no 32-3402262
  • Province Ontario
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 24 July 2026
  • Court file no 32-3402262
  • + 2 more extracted facts
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1000798451 Ontario Inc. Turtle Jacks” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/1000798451-ontario-inc

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/1000798451-ontario-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.