2551999 Ontario Inc. o/a MidiCi Canada Franchising
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31- 2648658
2551999 Ontario Inc. o/a MidiCi Canada Franchising filed an assignment in bankruptcy on May 29, 2020, under subsection 102(1) of the Act, with Goldhar & Associates Ltd. as trustee before the Ontario Superior Court of Justice under court file 31-2648658. The proceeding is active. The statement of affairs sworn by Eli Staiman, as at May 29, 2020, stated a deficiency of $1,259,351.19 against total liabilities of $1,279,354.19 and assets of $20,003.00. Royal Bank of Canada held secured claims of $255,000.00 and $133,497.00, and Merchant Group Inc. $86,691.54. Unsecured creditors included Amalgam Eleven Limited at $408,000.00, Stuart Wanlin at $200,000.00, and Amplifier Foods Inc. at $50,000.00.
Notice of Bankruptcy and First Meeting of Creditors, including Creditor’s Package — Notice to creditors
Debtor
2551999 Ontario Inc. o/a MidiCi Canada Franchising
Trustee in bankruptcy
Goldhar & Associates
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (Re Lease Balance) · in 584 casesBusiness Assets - Trade Fixtures - Restaurant equipment, furniture and tenant improvements; security given 16-Dec-2016; estimated value of security $20,000.00 — Amount of claim stated as $275,000.00; balance of claim $255,000.00 used as amount — debtor: 2551999 Ontario Inc. o/a MidiCi Canada Franchising Limited · as of 29 May 2020 | $255K | Notice of Bankruptcy and First Meeting of Creditors, including Creditor’s Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
19 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedMinutes of First Meeting of Creditors · 18 Jun 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Minutes of First Meeting of Creditors · 18 Jun 2020 |
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.
As at ·
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 |
|---|---|---|
Minutes of First Meeting of Creditors
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors, including Creditor’s Package
| PDF · Subscribers | |
Trustee’s Preliminary Report
| 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., “2551999 Ontario Inc. o/a MidiCi Canada Franchising” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/2551999-ontario-inc-o-a-midici-canada-franchising