#Report
Trustee's report fixed the bankruptcy at May 27, 2021, 09:22 and tabulated provable claims filed against the Statement of Affairs figures, with preferred claims nil.
Source: Certificate of Appointment
2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre)
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-2740396
Filings held3
Last activity27 May 2021
On the record1,943 days
Secured debt$174K
OverviewSummary updated
2104678 Ontario Inc., operating as Yorkdale Hardwood Flooring Centre, became bankrupt under the BIA on May 27, 2021 at 09:22, with A. Farber & Partners Inc. acting as licensed trustee under estate number 31-2740396. The Ontario estate remains active. Melvin Reid, an individual holding security over all of the company's property, has filed a secured claim of $173,895.07 against the $187,381.11 reported in the Statement of Affairs; a legal opinion on the validity of that security is pending, and a shortfall to the secured creditor is anticipated. Reid provided a subordination agreement allowing the trustee to retain funds for basic administration. Unsecured claims filed total $171,220.17, against $344,458.54 reported in the Statement of Affairs. Preferred claims are nil.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
A meeting of creditors is dated to the same day, tied in the record to the company's filing of the assignment on May 27, 2021.
Source: Creditors Package
#Report
Court officer's report recorded that the company made an assignment for the general benefit of creditors on May 27, 2021, the date proceedings commenced.
Parties
Debtor
2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre)
Trustee in bankruptcy
GlassRatner
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Melvin Reidas of Filed with Trustee — Security over all Company property (Property encumbered in favour of secured creditor); subordination agreement provided to allow Trustee to retain funds for basic administration — Statement of Affairs reported $187,381.11; filed claim amount used as amount. Legal opinion on validity of security pending; anticipated shortfall to secured creditor expected. Individual named as secured creditor (relationship to debtor not stated). — debtor: 2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre) | $174K | Trustee’s Preliminary Report to Creditors |
| 7 | Preferred (BIA s. 136) | Unsecured creditors (aggregate as reported) · in 532 casesas of Filed with Trustee — Statement of Affairs reported $344,458.54 as unsecured claims (prose/SOA figure); document names no individual creditors. Preferred claims listed as nil ("-") in both SOA and filed columns. — debtor: 2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre) | $171K | Trustee’s Preliminary Report to Creditors |
RecoveriesAs stated in the filings
Preferred creditors: no distribution. Melvin Reid short.EstimatedTrustee’s Preliminary Report to Creditors · 10 Jun 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Melvin Reid | — | shortfallconditional | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors · 10 Jun 2021 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors · 10 Jun 2021 |
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.
Estate financialsReported figures — never derived
Total assets at filing$177K
Total liabilities at filing$532K
As at 26 May 2021 · per Statement of Affairs, as stated and estimated by the officer · entity - 2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre) — Total unsecured creditors (incl. balance of secured claims) $354,839.65; secured creditors $177,000.00; preferred creditors $0.00; contingent/trust claims $0.00; deficiency reported as equal to total unsecured creditors figure of $354,839.65 rather than assets minus total liabilities.
Documents3 filings
| Date | Document | File |
|---|---|---|
Certificate of Appointment
| ||
Creditors Package
| ||
Trustee’s Preliminary Report to Creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2104678 Ontario Inc. (aka Yorkdale Hardwood Flooring Centre)” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2104678-ontario-inc-aka-yorkdale-hardwood-flooring-centre