Filing dated October 11, 2023 set out the Statement of Affairs position — $210,002.00 in assets against $496,012.64 in liabilities — and the proofs of claim received.
Source: Notice of Hearing
2397043 Ontario Inc., carrying on business as Bindaas Capital, has been bankrupt since August 16, 2022 under the Bankruptcy and Insolvency Act, with A. Farber & Partners Inc. acting as Licensed Trustee. The estate is administered in the Ontario Superior Court of Justice in Bankruptcy and Insolvency under court file 32-2856461. The Statement of Affairs puts assets at $210,002.00 as at the date of bankruptcy against total liabilities of $496,012.64, comprising $253,594.00 in unsecured claims and $242,418.64 in contingent claims, with secured and preferred claims stated as nil. Proofs of claim filed with the Trustee for unsecured claims total $80,473.40, and no proofs have been filed for the contingent class. The Trustee expresses no opinion on the validity, exactness or reliability of the books and records underlying those figures, and the realizable value estimates are unaudited. The proceeding remains active.
Filing dated October 11, 2023 set out the Statement of Affairs position — $210,002.00 in assets against $496,012.64 in liabilities — and the proofs of claim received.
Source: Notice of Hearing
Court officer report fixed the commencement of the proceeding precisely, at August 16, 2022, 14:26, establishing the reference point for the file.
Source: Certificate of Appointment
1 earlier update, back to 16 August 2022 — subscribers.
Debtor
2397043 Ontario Inc. cob Bindaas Capital
Trustee in bankruptcy
GlassRatner
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of date of bankruptcy — Document names no individual creditors. Proofs of claim filed with Trustee for unsecured claims total $80,473.40 (different, lower figure). — debtor: 2397043 Ontario Inc. cob Bindaas Capital | $254K | Trustee’s Preliminary Report to Creditors |
Preferred creditors: not yet estimated.Trustee’s Preliminary Report to Creditors · 1 Sep 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | preferred or unsecured creditors | — | not yet estimated | per the trustee | Trustee’s Preliminary Report to Creditors · 1 Sep 2022 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice of Hearing
| PDF · Subscribers | |
Trustee’s Preliminary Report to Creditors
| PDF · Subscribers | |
Creditors 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., “2397043 Ontario Inc. cob Bindaas Capital” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2397043-ontario-inc-cob-bindaas-capital
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2397043-ontario-inc-cob-bindaas-capital
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.