10054577 Canada Inc
Follow- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3132889
10054577 Canada Inc. made an assignment in bankruptcy on September 25, 2024, with Goldhar & Associates Ltd. as trustee under estate no. 31-3132889, in Ontario. The proceeding is active. The statement of affairs, as at September 25, 2024, reported a deficiency of CAD 484,539.12, with total liabilities of CAD 484,596.07 against assets of CAD 56.95. BMO Bank of Montreal held a secured claim of CAD 273,081.75 against cash on hand and trade fixtures. Unsecured claims included the Canada Revenue Agency's source-deduction deemed trust of CAD 70,307.32, a CAD 60,000.00 GST/HST claim, a CAD 60,000.00 CEBA loan owed to BMO, and CAD 20,202.00 on a BMO Mastercard.
Called a meeting of creditors in the bankruptcy of 10054577 Canada Inc.
Source: Notice of Bankruptcy and First Meeting of Creditors including creditors package
1 earlier update, back to 25 September 2024 — subscribers.
Debtor
10054577 Canada Inc
Trustee in bankruptcy
Goldhar & Associates
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | BMO Bank of Montreal (formerly MBanx) c/o Bankruptcy Highway.com · in 40 casesBank loans except real property mortgage; secured against asset(s) 101, 1101 (cash on hand and trade fixtures) — Statement of Affairs as at date of bankruptcy; estimated deficiency from security of -273,024.80 (i.e., security realizes negligibly against claim) — debtor: 10054577 Canada Inc. · as of 25 Sep 2024 | $273K | Notice of Bankruptcy and First Meeting of Creditors including creditors package |
Unsecured creditors: no distribution.EstimatedPreliminary Report · 16 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | any creditors | — | no distributionconditional | Estimatedper the trustee | Preliminary Report · 16 Oct 2024 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Claims register
| PDF · Subscribers | |
Minutes of First Meeting of Creditors
| PDF · Subscribers | |
Preliminary Report
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors including creditors package
| 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., “10054577 Canada Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/10054577-canada-inc