2433552 Ontario Inc., carrying on business as GreenTerra Homes
- Proceeding
- BankruptcySubsection 49(2) and Paragraph 158(d) of the Act / Subsections 50(2) and 62(1) of the Act
- File
- 33-2462490
- Industry
- Manufacturing · Building products
2433552 Ontario Inc., which carried on business as GreenTerra Homes, made an assignment in bankruptcy on January 11, 2019 in Ontario under estate no. 33-2462490, and the estate remains active. The Statement of Affairs sworn by the company's officer, Haleh Ghelichkhani, estimates total assets of $476,702.00 against total liabilities of $4,929,874.87, a deficiency of $4,453,172.87. Secured claims comprise CRA's $688,116.00 claim, supported by machinery, equipment and inventory valued at $440,001.00 and leaving a $248,115.00 deficiency; a $120,000.00 Business Development Bank of Canada claim with security estimated at nil; and Jim Peplinski Leasing Inc.'s $36,700.00 claim, fully secured on a 2015 Chevrolet Tahoe. The largest unsecured claims listed are $790,735.83 owing to Ghelichkhani, $574,099.98 to Parvane Hashemi and $302,000.00 to Clayton Fearon, alongside scores of trade suppliers, professional firms and individual home purchasers in Canada and the United States.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The company, a custom builder of steel frame modular homes, ceased manufacturing operations in about December 2018 amid a shareholders' dispute and failed capital raising, and filed an assignment in bankruptcy on January 11, 2019. The trustee has not taken formal possession of the plant and is arranging appraisals of inventory and equipment. Court file 33-2462490.
Source: Trustee’s Report on Preliminary Administration dated January 22, 2019
Placed the company into bankruptcy in Ontario, with a Statement of Affairs estimating $476,702.00 in assets against $4,929,874.87 of liabilities, a $4,453,172.87 deficiency.
Source: Form 78 – Statement of Affairs
Undated filings1 — no date appears on the document · show
Debtor
File Documents
Trustee in bankruptcy
Albert Gelman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | CRA - Tax - Ontario (83785 6590 RP0001) · in 259 casesBusiness Assets - Machinery & Equipment (est. value 400,000.00); Stock in Trade - Inventory Raw Materials (est. value 40,000.00); Stock in Trade - Inventory Partially Assembled (est. value 1.00); Debts Due - Business - 2557541 Ontario Inc. (est. value 0.00) — Total estimated security value $440,001.00; unsecured deficiency of $248,115.00 also listed in List A as CRA unsecured claim — debtor: 2433552 Ontario Inc. · as of 11 Jan 2019 | $688K | Form 78 – Statement of Affairs |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
125 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice of Rescheduled Meeting of Creditors
| PDF · Subscribers | |
Trustee’s Report on Preliminary Administration dated January 22, 2019
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Form 68 – Notice of Bankruptcy, First Meeting of Creditors
| PDF · Subscribers | |
| Form 21 – Assignment for the General Benefit of Creditors | PDF · Subscribers | |
Form 78 – Statement of Affairs
| PDF · Subscribers | |
| Proof of Claim form (for former customers only) | 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., “2433552 Ontario Inc., carrying on business as GreenTerra Homes” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/2433552-ontario-inc-carrying-on-business-as-greenterra-homes