1872025 Ontario inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- BK-26-03362464-0033
- Industry
- Retail · Vehicle dealers
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.
Debtor
1872025 Ontario inc.
Trustee in bankruptcy
Raymond Chabot
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Agence du revenu du Canada (ON-NB) - Corporate taxes DAS · in 795 casesDeemed trust in favour of the Crown — debtor: 1872025 Ontario Inc. · as of 21 Apr 2026 | $0 | Notice of bankruptcy |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
68 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
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See all plans| Date | Document | File |
|---|---|---|
Notice of bankruptcy
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CiteProceedings., “1872025 Ontario inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/1872025-ontario-inc