#Claims
Notice of bankruptcy and first meeting of creditors following the April 15, 2025 bankruptcy; Goldhar & Associates Ltd. is trustee.
Source: Notice of Bankruptcy and First Meeting of Creditors including creditors package.
2588947 Ontario Inc.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3212395
OverviewSummary updated
2588947 Ontario Inc. has been in bankruptcy since April 15, 2025, with Goldhar & Associates Ltd. as trustee, under Ontario estate number 31-3212395. Its Statement of Affairs states assets of $2.00 against liabilities of $1,047,596.74 — $1,013,595.74 unsecured and $34,000.00 in contingent or trust claims — for a stated deficiency of $1,047,594.74. The largest claims are shareholder loans of $339,336.00 each from Oi-Suk Kim and Bong Soo Ko, a $171,919.46 loan claim of RBC Royal Bank incurred March 26, 2021, $128,926.00 in rent owed to former landlord Phase Three Properties Ltd., and $34,001.00 owed to the Canada Revenue Agency for employee source deductions.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
2588947 Ontario Inc.
Trustee in bankruptcy
Goldhar & Associates
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank c/o Bankruptcy Highway.com · in 6 casesLoan incurred 26-Mar-2021; secured portion $1.00, remainder ($171,919.46) listed as unsecured; asset securing liability referenced as item 501 (intangible assets) — Total claim $171,920.46, of which $1.00 stated as secured and $171,919.46 as unsecured on Statement of Affairs — debtor: 2588947 Ontario Inc. · as of 15 Apr 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors including creditors package. |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents1 filing
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors including creditors package.
| 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., “2588947 Ontario Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2588947-ontario-inc