#Claims
Meeting of creditors held on the 25th day of May 2020, the date the bankruptcy commenced, with MNP Ltd. as Trustee in Bankruptcy under estate file 35-2647164.
Source: Creditor Package
2344335 Ontario Ltd Midas Auto Service and Tires
FollowActive
- Proceeding
- BankruptcySection 67(b), of the Bankruptcy and Insolvency Act
- File
- 35-2647164
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Court officer report fixed the commencement of the proceeding to the minute, at 13:35 on May 25, 2020.
Source: Certificate of Appointment
#Report
Second court officer report recorded that the Company itself made the assignment on May 25, 2020, identifying the debtor as the initiating party.
Source: Trustee's Preliminary Report
Parties
Debtor
2344335 Ontario Ltd Midas Auto Service and Tires
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 |
RecoveriesAs stated in the filings
Unsecured 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.
Documents3 filings
| 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 20 September 2026, https://proceedings.ca/case/2344335-ontario-ltd