2514542 Ontario Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3301490
2514542 Ontario Inc. has been in insolvency proceedings in Ontario since November 23, 2025, with Crowe Soberman Inc. as trustee under subsection 102(1) of the Act. Its statement of affairs as at November 21, 2025 reports assets of $1.00 against liabilities of $158,042.70, of which $158,041.70 is unsecured and $1.00 preferred, leaving a deficiency of $158,041.70. CIBC, through TECHCOM Managed Services, is listed for a $60,000.00 CEBA loan recorded as secured, on which the statement shows no recovery, and a further $44,074.00 HASCAP loan. Scotiabank Visa, through Canaccede International Management Ltd., is listed at $53,967.70 on a line of credit. The matter is carried under file 31-3301490.
Debtor
2514542 Ontario Inc.
Trustee in bankruptcy
Crowe Soberman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | CIBC (c/o TECHCOM Managed Services) · in 74 casesListed on Statement of Affairs as secured claim (CEBA Loan, account ending 6353); also appears on Creditor Mailing List under both 'Secured' and 'Unsecured' creditor type for a related account; Statement of Affairs security/surplus columns show 1.00 and -59,999.00 offset against asset code 601, effectively yielding no secured recovery. — debtor: 2514542 Ontario Inc. · as of 21 Nov 2025 | $60K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 1 class The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report of the First Meeting of Creditors
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
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CiteProceedings., “2514542 Ontario Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/2514542-ontario-inc