1872025 Ontario inc.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- BK-26-03362464-0033
Filings held1
Last activity21 Apr 2026
On the record153 days
Secured debt$1.86M
OverviewSummary updated
1872025 Ontario inc., operating as Throttle Powersports, became bankrupt on 21 April 2026, with Raymond Chabot Inc. appointed trustee under court file BK-26-03362464-0033. The statement of affairs, as stated and estimated by the bankrupt as at 21 April 2026, reports liabilities of $6,412,639.81 and a deficiency in the same amount. Secured claims total $3,633,540.77, led by TCF Commercial Finance Canada at $1,858,911.10 and the Banque de Développement du Canada at $943,460.96. Unsecured claims of $2,779,099.04 are headed by the Agence du revenu du Canada, claiming $1,419,182.49 in GST/HST as a deemed trust, and AXIS Dealer Solutions at $594,559.29.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
1872025 Ontario inc.
Trustee in bankruptcy
Raymond Chabot
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TCF Commercial Finance Canadan/a — Statement of Affairs as reported by bankrupt/debtor — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.86M | Notice of bankruptcy |
| 4 | Secured | Banque de Développement du Canada · in 151 casesn/a — Statement of Affairs as reported by bankrupt/debtor; listed as secured (surplus/deficit from security estimated at $0) — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $943K | Notice of bankruptcy |
| 4 | Secured | Banque de Montréal · in 43 casesn/a — Statement of Affairs as reported by bankrupt/debtor — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $288K | Notice of bankruptcy |
| 4 | Secured | Wells Fargo Financial Corporation Canada · in 7 casesn/a — Statement of Affairs as reported by bankrupt/debtor — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $286K | Notice of bankruptcy |
| 4 | Secured | North Point Commercial Financen/a — Statement of Affairs as reported by bankrupt/debtor — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $257K | Notice of bankruptcy |
| 4 | Secured | Huntington Commercial Finance Canadan/a — Statement of Affairs as reported by bankrupt/debtor — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | Agence du revenu du Canada (ON-NB) - Sales taxes GST/HST · in 719 casesDeemed trust class (Crown claim) — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.42M | Notice of bankruptcy |
| 8 | Unsecured | AXIS Dealer Solutionsdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $595K | Notice of bankruptcy |
| 8 | Unsecured | Kawasaki Motors Financedebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $192K | Notice of bankruptcy |
| 8 | Unsecured | LightspeedDMSdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $102K | Notice of bankruptcy |
| 8 | Unsecured | Breeze Financial Solutionsdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $90.7K | Notice of bankruptcy |
| 8 | Unsecured | Polaris Industries Ltddebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $83.4K | Notice of bankruptcy |
| 8 | Unsecured | 12919486 Canada inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $82K | Notice of bankruptcy |
| 8 | Unsecured | Gamma Powersports · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $35.2K | Notice of bankruptcy |
| 8 | Unsecured | Estrie Marine inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $23.3K | Notice of bankruptcy |
| 8 | Unsecured | Journey Motor Groupdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $20.5K | Notice of bankruptcy |
| 8 | Unsecured | Caisse Desjardins du Québecdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $20.1K | Notice of bankruptcy |
| 8 | Unsecured | Banque Nationale du Canada · in 104 casesBank loans (except real property mortgage) — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $18.2K | Notice of bankruptcy |
| 8 | Unsecured | Hunts Property Maintenancedebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $10K | Notice of bankruptcy |
| 8 | Unsecured | Bell Mobilité (commercial) · in 28 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $8.21K | Notice of bankruptcy |
| 8 | Unsecured | Tomlinson Enviromental Servicesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $7.96K | Notice of bankruptcy |
| 8 | Unsecured | Ceecamdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $7.63K | Notice of bankruptcy |
| 8 | Unsecured | Fogler Rubinoff LLP · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $7.61K | Notice of bankruptcy |
| 8 | Unsecured | Axis Tire and Rim Warrantydebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $7.15K | Notice of bankruptcy |
| 8 | Unsecured | Northbridge Insurance · in 12 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $7.01K | Notice of bankruptcy |
| 8 | Unsecured | Ontario Federation of All Terrain Vehicledebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $6K | Notice of bankruptcy |
| 8 | Unsecured | Tomlinson Enviromental Services Kingstondebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $5.15K | Notice of bankruptcy |
| 8 | Unsecured | GP Splinter Forest Products Ltd.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $3.67K | Notice of bankruptcy |
| 8 | Unsecured | Tomlinson Enviromental Services Pembrokedebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $3.19K | Notice of bankruptcy |
| 8 | Unsecured | Kawasaki Wells Fargo Commercial Distributiondebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $2.87K | Notice of bankruptcy |
| 8 | Unsecured | NET 2 Phonedebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $2.4K | Notice of bankruptcy |
| 8 | Unsecured | VIP-Air inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $2.32K | Notice of bankruptcy |
| 8 | Unsecured | Cornwall Electric · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.88K | Notice of bankruptcy |
| 8 | Unsecured | Kawasaki Canadadebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.79K | Notice of bankruptcy |
| 8 | Unsecured | GAPdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.63K | Notice of bankruptcy |
| 8 | Unsecured | Ultramar Parkland Corporation · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.44K | Notice of bankruptcy |
| 8 | Unsecured | Canadien Linendebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.38K | Notice of bankruptcy |
| 8 | Unsecured | Kimpex · in 5 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.22K | Notice of bankruptcy |
| 8 | Unsecured | Sayvee · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1.07K | Notice of bankruptcy |
| 8 | Unsecured | Cintas Canada Limited · in 87 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $954 | Notice of bankruptcy |
| 8 | Unsecured | Superior Plumbing and Hydronics inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $686 | Notice of bankruptcy |
| 8 | Unsecured | Hydro Kingstondebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $672 | Notice of bankruptcy |
| 8 | Unsecured | UTV Canadadebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $532 | Notice of bankruptcy |
| 8 | Unsecured | Parts Canada · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $532 | Notice of bankruptcy |
| 8 | Unsecured | Enbridge Gas Distribution Inc. · in 10 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $513 | Notice of bankruptcy |
| 8 | Unsecured | Hydro Almontedebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $494 | Notice of bankruptcy |
| 8 | Unsecured | Safety-Kleen · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $441 | Notice of bankruptcy |
| 8 | Unsecured | All Seasons Publication LTDdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $397 | Notice of bankruptcy |
| 8 | Unsecured | Mercury Marine · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $332 | Notice of bankruptcy |
| 8 | Unsecured | Credit Essentielsdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $310 | Notice of bankruptcy |
| 8 | Unsecured | Equifax Canada · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $183 | Notice of bankruptcy |
| 8 | Unsecured | Part Source · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $169 | Notice of bankruptcy |
| 8 | Unsecured | WTC Communications · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $124 | Notice of bankruptcy |
| 8 | Unsecured | COGECO Connexion inc. · in 12 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $113 | Notice of bankruptcy |
| 8 | Unsecured | Utilities Kingston · in 6 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $113 | Notice of bankruptcy |
| 8 | Unsecured | K-Line Industries inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $90 | Notice of bankruptcy |
| 8 | Unsecured | Propane Levac · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $74 | Notice of bankruptcy |
| 8 | Unsecured | Federal Express Canada Corporation · in 18 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $73 | Notice of bankruptcy |
| 8 | Unsecured | Bell Canada (commercial) · in 298 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $65 | Notice of bankruptcy |
| 8 | Unsecured | Scheel communicationsdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $39 | Notice of bankruptcy |
| 8 | Unsecured | Toyota Industries Commercialdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | Vision AST inc.debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | De Lage Landen Financial Services · in 10 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | Santander Consumer · in 2 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | Pembroke Nissandebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $1 | Notice of bankruptcy |
| 8 | Unsecured | Agence du revenu du Canada (ON-NB) - Corporate taxes income tax · in 719 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $0 | Notice of bankruptcy |
| 8 | Unsecured | GE Commercial Distribution Finance Canada · in 3 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $0 | Notice of bankruptcy |
| 8 | Unsecured | Agence du revenu du Canada (ON-NB) - Corporate taxes DAS · in 719 casesDeemed trust in favour of the Crown — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $0 | Notice of bankruptcy |
| 8 | Unsecured | Chaitons LLP · in 4 casesdebtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $0 | Notice of bankruptcy |
Estate financialsReported figures — never derived
Total assets at filing$155K
Total liabilities at filing$6.41M
As at 21 Apr 2026 · per Statement of Affairs as stated and estimated by bankrupt/debtor · 1872025 Ontario Inc. (Throttle Powersports), entity-level — Total assets per Form 78 summary shown as $0.00 but the itemised List of Assets totals $155,001.00; total liabilities comprise secured $3,633,540.77, preferred/priorities $0.00, unsecured $2,779,099.04, contingent/other $0.00; deficiency of $6,412,639.81 stated
Documents1 filing
| Date | Document | File |
|---|---|---|
Notice of bankruptcy
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1872025 Ontario inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/1872025-ontario-inc