Proceedings.

1001303243 Ontario Inc.

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Active
Proceeding
BankruptcyBankruptcy and Insolvency Act
File
31-3260290
Filings held6
Last activity21 Aug 2025
On the record402 days
OverviewSummary updated

1001303243 Ontario Inc. is a residual entity created under a Reverse Vesting Order dated July 29, 2025 to hold the excluded assets and liabilities of Kilne Inc. Insolvency proceedings commenced on August 15, 2025 in Ontario, under court file no. 31-3260290. The company's Statement of Affairs (Form 78) reports total assets of nil against total liabilities of $1,321,215.70, all classified as unsecured, for a stated deficiency of $1,321,215.70. No secured or preferred creditors are listed. The largest claims include $589,746.42 owed to Michael Gettis, who also signed the Statement of Affairs on the company's behalf, $360,000 to Noelle Hjelte, and $223,013.70 to MDE Investments, alongside smaller trade and tax claims.

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Case updates6 dated entries
#Claims

1001303243 Ontario Inc. filed an assignment on August 15, 2025, commencing the insolvency proceedings under court file no. 31-3260290.

Source: Notice to Creditors

#Report

Put a court officer's report on the record in Ontario the same day the bankruptcy commenced, under court file 31-3260290; its contents are not stated.

Source: Trustee's Preliminary Report

Parties

Debtor

1001303243 Ontario Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · 2 named without a figure
Priority classCreditorAmountSource
UnsecuredMichael GettisRelated party: same individual signed the Statement of Affairs on behalf of the bankrupt corporation, indicating a director/officer relationship — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$590KNotice to Creditors
UnsecuredNoelle Hjeltedebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$360KNotice to Creditors
UnsecuredMDE Investments · in 2 casesdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$223KNotice to Creditors
UnsecuredWayflyer · in 2 casesdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$72.2KNotice to Creditors
UnsecuredTD Canada Trust C/O FCT Default Solutions · in 53 casesNature of liability stated as 'Bank Loans except real property mortgage'; reported as unsecured (Secured column shows 0.00) — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$42.8KNotice to Creditors
UnsecuredShopify · in 8 casesDetails column indicates original claim of 15,746.84 USD, converted to CAD amount shown — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$21.7KNotice to Creditors
UnsecuredManitoba Finance - Taxation Division · in 7 casesProvincial tax authority claim, listed as unsecured (not designated preferred/priority in the SoA) — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$7.95KNotice to Creditors
UnsecuredFuturpreneur Canada · in 12 casesdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$2.92KNotice to Creditors
UnsecuredEnvato Elementsdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$273Notice to Creditors
UnsecuredKrosnodebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$192Notice to Creditors
UnsecuredSpatz Global · in 2 casesdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$179Notice to Creditors
UnsecuredGRESTEL - Productos Ceramicos S.Adebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$159Notice to Creditors
UnsecuredKlaviyo · in 2 casesdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$47Notice to Creditors
UnsecuredNuova H.S.S.Cdebtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$16Notice to Creditors
UnsecuredHub International Insurance · in 4 casesRow marked as Placeholder - value on this line is for notification only (no claim amount stated) — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$0Notice to Creditors
UnsecuredCRA - GST/HST - Shawinigan-Sud National Verification and Collection CentreRow marked as Placeholder - value on this line is for notification only (no claim amount stated); deemed-trust/CRA class claim — debtor: 1001303243 Ontario Inc. · as of 15 Aug 2025$0Notice to Creditors
Estate financialsReported figures — never derived
Total assets at filing$0
Total liabilities at filing$1.32M

As at 15 Aug 2025 · per Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · entity - 1001303243 Ontario Inc. ("ResidualCo"), a residual entity holding excluded assets/liabilities of Kilne Inc. pursuant to a Reverse Vesting Order dated July 29, 2025 — Form 78 reports secured creditors as $0.00 and total liabilities of $1,321,215.70 (all unsecured); deficiency of $1,321,215.70 stated.

Documents6 filings
DateDocumentFile
Trustee's Preliminary Report
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Court file no 31-3260290
  • Financial position Liabilities $1.32M · per Statement of Affairs (SOA) figures, unaudited books and records · entity - ResidualCo (1001303243 Ontario Inc.) — Assets: document states 'Given that ResidualCo has no realizable assets, there is no expectation of any recovery for creditors.' Liabilities per SOA: Secured creditors Nil, Preferred creditors Nil, Unsecured creditors 1,321,215.70, Total 1,321,215.70; Claims as filed to date: Nil.
  • + 2 more extracted facts
PDF
Tear sheet of Newspaper adPDF
Affidavit of MailingPDF
Affidavit of Mailing via Email/Fax
  • Financial position Assets $0 · Liabilities $1.32M · as at 15 Aug 2025 · per Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · entity - 1001303243 Ontario Inc. ("ResidualCo"), a residual entity holding excluded assets/liabilities of Kilne Inc. pursuant to a Reverse Vesting Order dated July 29, 2025 — Form 78 reports secured creditors as $0.00 and total liabilities of $1,321,215.70 (all unsecured); deficiency of $1,321,215.70 stated.
  • Secured creditors
PDF
Notice to Creditors
  • Commencement date 15 August 2025
  • Court file no 31-3260290
  • Financial position Assets $0 · Liabilities $1.32M · as at 15 Aug 2025 · per Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · Entity: 1001303243 Ontario Inc. (bankrupt/'ResidualCo'), a residual entity created pursuant to a Reverse Vesting Order dated July 29, 2025 to hold excluded assets (none) and liabilities of Kilne Inc. — Secured creditors line reported as $0.00 and Preferred creditors/priorities line reported as $0.00 in the Statement of Affairs; deficiency of $1,321,215.70 stated (total assets nil against total liabilities of $1,321,215.70, all classified as unsecured).
  • Province Ontario
  • + 2 more extracted facts
PDF
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 15 August 2025
  • Court file no 31-3260290
  • + 2 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “1001303243 Ontario Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/1001303243-ontario-inc

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Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/1001303243-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.