Proceedings.

2421021 Ontario Inc.

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Active
Proceeding
BankruptcyBankruptcy and Insolvency Act
File
32-3042110
Filings held3
Last activity12 Feb 2024
On the record952 days
OverviewSummary updated

2421021 Ontario Inc. became bankrupt on February 12, 2024 under the Bankruptcy and Insolvency Act in Ontario, with MNP Ltd. acting as Licensed Insolvency Trustee under estate file 32-3042110. The Statement of Affairs, as at February 9, 2024, shows the company holds no assets and reports secured claims of Nil, with unsecured claims totalling $58,863.09 made up of $41,113 owed to the Canada Revenue Agency and a $17,750 Royal Bank of Canada loan. No proofs of claim had been filed as of 5:00 p.m. on March 1, 2024. The estate remains active.

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Case updates3 dated entries
#Claims

Meeting of creditors, recorded as of the February 12, 2024 commencement of the bankruptcy, with MNP Ltd. serving as Licensed Insolvency Trustee.

Source: Creditor's Package

Parties

Debtor

2421021 Ontario Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredCanada Revenue Agency · in 926 casesas of SOA filing date — One of two debts comprising the SOA unsecured total of $58,863.09; no proofs of claim had been filed as of March 1, 2024 — debtor: 2421021 Ontario Inc.$41.1KTrustee's Preliminary Report
UnsecuredRoyal Bank of Canada · in 556 casesas of SOA filing date — RBC loan; one of two debts comprising the SOA unsecured total of $58,863.09; no proofs of claim had been filed as of March 1, 2024 — debtor: 2421021 Ontario Inc.$17.8KTrustee's Preliminary Report
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 3 Mar 2024

ClassCreditorClaimsRecoveryBasisSource
Unsecuredno distributionEstimatedper the trusteeTrustee's Preliminary Report · 3 Mar 2024

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$0
Total liabilities at filing$58.9K

As at 9 Feb 2024 · per Statement of Affairs (SOA); claims as filed to March 1, 2024 were Nil · entity - 2421021 Ontario Inc. — SOA indicates the Company has no assets; secured claims per SOA and as filed were Nil; unsecured per SOA $58,863.09 but Nil proofs of claim filed as of 5:00 p.m. March 1, 2024

Documents3 filings
DateDocumentFile
Trustee's Preliminary Report
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 12 February 2024
  • Court file no 32-3042110
  • + 7 more extracted facts
PDF
Creditor's Package
  • Commencement date 12 February 2024
  • Court file no 32-3042110
PDF
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 12 February 2024
  • Court file no 32-3042110
  • + 1 more extracted fact
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “2421021 Ontario Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2421021-ontario-inc

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2421021-ontario-inc

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.

2421021 Ontario Inc. — Bankruptcy | Proceedings.