2420598 Ontario Inc Kings Buffet
- Proceeding
- Bankruptcysubsection 102(4) of the Bankruptcy and Insolvency Act
- File
- 32-2842775
2420598 Ontario Inc., carrying on business as Kings Buffet, has been in bankruptcy in Ontario since June 28, 2022, with MNP Ltd. acting as Trustee under court file no. 32-2842775 and reporting under subsection 102(4) of the Bankruptcy and Insolvency Act. The Statement of Affairs reports unsecured creditors of $543,611.42 together with contingent claims aggregating $900,000, with secured and preferred claims shown as nil both on the Statement of Affairs and in claims filed; a PPSA search conducted June 13, 2022 returned no results, confirming no secured creditors. No claims had been filed as at 5:00 p.m. on July 14, 2022. The Trustee anticipates very limited, if any, realizations and no distributions to unsecured creditors. The estate remains active.
Certificate of Appointment was filed. Court file 32-2842775.
Source: Certificate of Appointment
Debtor
2420598 Ontario Inc Kings Buffet
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Contingent claims (aggregate as reported) · in 10 casesas of Statement of Affairs — Contingent claims; nil claims filed as at July 14, 2022 5:00 p.m.; no individual creditors named — debtor: 2420598 Ontario Inc. | $900K | Preliminary Report of the Trustee - dated |
| Unsecured |
1 more claim in 1 class The stack holds Unsecured claims.
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See all plansUnsecured creditors: no distribution.EstimatedPreliminary Report of the Trustee - dated · 15 Jul 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report of the Trustee - dated · 15 Jul 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.
| Date | Document | File |
|---|---|---|
Preliminary Report of the Trustee - dated
| 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., “2420598 Ontario Inc Kings Buffet” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/2420598-ontario-inc