1086556 Ontario Ltd. (o/a Concord Furniture)

1086556 Ontario Ltd., operating as Concord Furniture, is in insolvency proceedings founded on a Statement of Affairs (Form 78) sworn by Nelson De Andrade, an officer of the company, as at April 4, 2023. The filing reports total assets of $0.00 against total liabilities of $516,048.81, producing a deficiency of $516,048.81, with no secured, preferred, or contingent/trust claims listed. Unsecured creditors are valued at $516,048.81 on the summary page, though the itemized creditor schedule sums to $511,048.81, a discrepancy of roughly $5,000 between the two figures as stated in the document. The largest single claim, $232,427.34, belongs to De Andrade himself; other creditors include Canada Revenue Agency, Royal Bank of Canada on CEBA loans, and numerous furniture-trade suppliers.