10502715 Canada Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2734610 & 31-2734603
- Industry
- Real estate
10502715 Canada Inc. entered insolvency proceedings in Ontario on May 4, 2021, recorded under court file no. 31-2734610, also cited together with file 31-2734603. A Statement of Affairs (Form 78), virtually sworn as at that date, put assets at $55,000,000 against liabilities of $61,567,461.16, with a stated deficiency of $6,567,461.16. Secured claims account for $47,580,308.97 and unsecured claims for $13,987,152.19; preferred and contingent claims are stated as nil. The land-secured claims are led by DUCA Financial Services Credit Union Ltd. at $24,634,810.36 and Bryton Capital Corp GP Ltd at $20,720,000.00, with GR (CAN) Investment Co Ltd and Monest Financial Inc. jointly at $2,225,498.61; List B shows a combined estimated surplus from security of $7,419,891.03. Related party CIM International Group Inc is the largest unsecured creditor at $7,630,000.00. The matter remains active.
Debtor
10502715 Canada Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency - Payroll LiabilitiesCRA deemed-trust class (payroll liabilities) — debtor: 10502715 Canada Inc · as of 4 May 2021 | $15.6K | Creditors Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
58 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report - 10502715 Canada Inc.
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| 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., “10502715 Canada Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/10502715-canada-inc