1597527 Ontario Ltd.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 31-3356419
1597527 Ontario Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act, in a proceeding that commenced on May 5, 2026 under court file no. 31-3356419. The company was deemed to have made an assignment in bankruptcy on that date. A court officer's report was filed the same day. The proceeding remains active.
Report of the court officer filed, recording that the company was deemed to have made an assignment in bankruptcy on May 5, 2026, commencing the proceeding.
Source: Trustee's Preliminary Report
Debtor
1597527 Ontario Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank (TD Auto Finance) · in 111 casesas of NOI/bankruptcy filing date (5 May 2026) — General Security Agreement over all assets of the bankrupt — Recorded entirely in the 'Contingent, trust claims or other liabilities' column (secured column = $0), representing related companies' debts to TD secured by this debtor's GSA; treated by the Statement of Affairs as a contingent claim, not a currently secured balance. — debtor: 1597527 Ontario Ltd. | $1.83M | Statement of Affairs |
| 4 | Secured | Municipality of Dysart et alReal property/municipal tax claim secured against real property at 13533 Hwy 118, Haliburton, ON (asset 701) — Nature of liability recorded as 'Accounts payable' but amount entered in Secured column with asset 701 securing it (municipal tax lien on real property). — debtor: 1597527 Ontario Ltd. · as of 8 Apr 2026 | $2.73K | Statement of Affairs |
| 8 | Unsecured | The Toronto-Dominion Bank (TD Auto Finance) · in 111 casesUnsecured deficiency portion of a $2,067,775.01 total claim, after bifurcation against $1,797,270.00 secured value of collateral. — debtor: 1597527 Ontario Ltd. · as of 16 Dec 2021 | $271K | Statement of Affairs |
| 8 | Unsecured | CRA - Tax - Ontario (Shawinigan-Sud National Verification and Collection Centre) · in 252 casesas of NOI/bankruptcy filing date (5 May 2026) — debtor: 1597527 Ontario Ltd. | $4.95K | Statement of Affairs |
| 8 | Unsecured | Hydro One Networks Inc. · in 48 casesas of NOI/bankruptcy filing date (5 May 2026) — debtor: 1597527 Ontario Ltd. | $2.2K | Statement of Affairs |
Unsecured creditors: no distribution. TD short.EstimatedTrustee's Preliminary Report · 28 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | TD | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report · 28 May 2026 |
| Unsecured | the Company's bankruptcy estate | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 28 May 2026 |
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.
As at 5 May 2026 · per Statement of Affairs (Corporate Bankruptcy) as stated and estimated by the bankrupt/debtor; asset values shown at estimated realizable value; sworn/declared 13 May 2026 by director Reade Houston · Entity-level: 1597527 Ontario Ltd. (single bankrupt corporation) — Deficiency of $2,200,402.54 stated on the face of the form; total assets consist almost entirely of real property (est. realizable value $1,710,000.00) net of an intercompany loan of book value $1,852,133 deemed uncollectable and valued at $1.00.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| ||
| Tear Sheet | ||
Statement of Affairs
| ||
Affidavit of Mailing
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1597527 Ontario Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/1597527-ontario-ltd-bnk