2508619 Ontario Inc. entered bankruptcy in Ontario on 29 December 2023 under the BIA, with MNP Ltd. acting as licensed insolvency trustee under estate numbers 31-3026369 and 31-31-3026369. The Statement of Affairs (Form 78), as stated and estimated by officer Edward Wensing as at 29 December 2023, records total assets of CAD 32,340.06 against total liabilities of CAD 1,279,774.10, leaving a deficiency of CAD 1,247,434.04. The largest listed claims are 133 Queen Investment Inc. at CAD 363,365.63 (comprising a CAD 320,000.00 unsecured claim plus CAD 43,365.63 of secured claim balance), PowerPlan Canada, head tenant at 410 Adelaide, at CAD 356,818.88, Siegfried and Marcela Wensing at CAD 262,000.00, and 32 Britain landlord 2017939 Ontario Inc. at CAD 139,750.21. CRA holds a GST/HST deemed trust claim of CAD 6,274.17. The estate remains active.
The officer filed report no. Trustee's Preliminary Report. Verkspace, a coworking space operator, ceased operations amid pandemic-related and remote-work pressures and assigned into bankruptcy in December 2023; the Trustee has not taken possession of the leased premises or furniture and intends to abandon the furniture to the landlords. Court file 31-31-3026369.
Source: Preliminary Report
Commencement filing of 29 December 2023 put the company into proceedings with MNP Ltd. as trustee, supported by a Statement of Affairs from officer Edward Wensing.
The company filed an assignment on December 29, 2023, placing it into bankruptcy in Ontario under court file no. 31-31-3026369.
Source: Creditor's Package
2 earlier updates, back to 29 December 2023 — subscribers.
Debtor
2508619 Ontario Inc.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | CRA - Tax - Ontario · in 252 casesTaxes - GST/HST - 2023; Furniture - office equipment and furniture at 32 Britain Office and 410 Adelaide Office; Cash on Hand - Cash in Bank - 1195 5008899 - TD — Deemed trust / statutory Crown claim (GST/HST); estimated surplus from security 1,611.25 and 1,401.50 recorded against furniture; balance of claim nil per table — debtor: 2508619 Ontario Inc. · as of 28 Dec 2023 | $6.27K | Statement of Affairs |
Unsecured creditors: no distribution.EstimatedPreliminary Report · 18 Jan 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report · 18 Jan 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$18K
As at 18 Jan 2024Preliminary Report
| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Assignment for the General Benefit of Creditors
| PDF · Subscribers | |
| Certificate of appointment | PDF · Subscribers | |
Creditor's Package
| PDF · Subscribers | |
Statement of Affairs
| 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., “2508619 Ontario Inc.” (Bankruptcy). Retrieved 21 September 2026, https://proceedings.ca/case/2508619-ontario-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2508619-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.