#Claims
Notice of Bankruptcy and First Meeting of Creditors including creditors package. — Meeting materials
2588947 Ontario Inc.
ActiveFollow
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3212395
Filings held1
Last activity22 Apr 2025
On the record572 days
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 AIOpen Proceedings AI
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 |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Ontario (Employee source deductions) · in 259 casesDeemed trust class; $1.00 unsecured and $34,000.00 contingent/trust claim per table — debtor: 2588947 Ontario Inc. · as of 15 Apr 2025 | $34K | Notice of Bankruptcy and First Meeting of Creditors including creditors package. |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
20 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
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 plansDocuments1 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 7 November 2026, https://proceedings.ca/case/2588947-ontario-inc