#Claims
Meeting of creditors, dated to the May 4, 2021 commencement, at which the sworn Statement of Affairs showed $55,000,000 in assets against $61,567,461.16 in liabilities.
Source: Creditors Package
10502715 Canada Inc.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2734610 & 31-2734603
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Court officer's report filed on the commencement date, identifying 10502715 Canada Inc. as the general partner and naming Bayview Creek (CIM) LP with it.
Parties
Debtor
10502715 Canada Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | DUCA Financial Services Credit Union Ltd. (Attn: Devi Ramlu) · in 17 casesReal Property or Immovable - Land — Listed in Statement of Affairs List B — debtor: 10502715 Canada Inc · as of 4 May 2021 | $24.6M | Creditors Package |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| 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 20 September 2026, https://proceedings.ca/case/10502715-canada-inc