2344335 Ontario Ltd Midas Auto Service and Tires
- Proceeding
- BankruptcySection 67(b), of the Bankruptcy and Insolvency Act
- File
- 35-2647164
2344335 Ontario Ltd., operating as Midas Auto Service and Tires, has been in bankruptcy in Ontario since May 25, 2020, with MNP Ltd. acting as Trustee in Bankruptcy under estate file 35-2647164 and the estate administered on the basis of section 67(b) of the Bankruptcy and Insolvency Act. Libro Credit Union holds general security against the assets of the company, with approximately $401,000 owed plus a separate $100,000 letter of credit exposure; Section D of the Statement of Affairs lists secured claims at $501,000. Libro has agreed to allow a portion of the equipment proceeds to fund the Trustee's fees. Unsecured claims are reported at $275,724 in the Statement of Affairs, against $45,782 in proofs of claim actually received to date. The proceeding remains active.
Certificate of Appointment was filed. Court file 35-2647164.
Source: Certificate of Appointment
Debtor
2344335 Ontario Ltd Midas Auto Service and Tires
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Libro Credit Union · in 4 casesGeneral security against the assets of the Company — Approximately $401,000 owed plus a separate $100,000 letter of credit exposure; Section D Statement of Affairs lists secured claims at $501,000 (likely the sum of both figures, reported as stated, not computed). Libro agreed to allow a portion of equipment proceeds to fund Trustee fees. — debtor: 2344335 Ontario Ltd. o/a Midas Auto Service and Tires | $401K | Trustee's Preliminary Report |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
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See all plansUnsecured creditors: no distribution. Libro short.EstimatedTrustee's Preliminary Report · 12 Jun 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Libro | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report · 12 Jun 2020 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 12 Jun 2020 |
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.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Creditor Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “2344335 Ontario Ltd Midas Auto Service and Tires” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/2344335-ontario-ltd