2642988 Ontario Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 35-3107938
- Industry
- Real estate
2642988 Ontario Inc. has been in bankruptcy under the BIA since July 24, 2024, when it filed an assignment, with MNP Ltd. serving as licensed insolvency trustee under court file 35-3107938. The estate remains active in Ontario. Owemanco Mortgage Holding Corporation held first ranking security over all of the company's property in the amount of $2,450,000 plus accrued interest and charges, supported by a legal opinion of Dickinson Wright LLP; that claim has been fully repaid and the security is discharged. One proof of claim has been received, filed as of 5:00 p.m. on August 14, 2024 in the amount of $2,821,400.67, and the trustee has not yet reviewed its admissibility.
Certificate of Appointment dated was filed. Court file 35-3107938.
Source: Certificate of Appointment dated
Debtor
2642988 Ontario Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Owemanco Mortgage Holding Corporation (OMHC) · in 7 casesFirst ranking security over all Property, per legal opinion of Dickinson Wright LLP — Plus accrued interest and charges (amount stated as of pre-receivership; not dated). OMHC claim has been fully repaid per Section B - security is DISCHARGED/satisfied, not current. — debtor: 2642988 Ontario Inc. | $2.45M | Trustee Preliminary Report dated |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
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See all plansOwemanco Mortgage Holding Corporation: paid in full.FinalTrustee Preliminary Report dated · 14 Aug 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredOMHC | Owemanco Mortgage Holding Corporation | — | paid in full | Finalper the trustee | Trustee Preliminary Report dated · 14 Aug 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.
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report dated
| PDF · Subscribers | |
| Affidavit of Mailing - Creditors Package | PDF · Subscribers | |
Creditors Package dated
| PDF · Subscribers | |
Certificate of Appointment dated
| PDF · Subscribers | |
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CiteProceedings., “2642988 Ontario Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/2642988-ontario-inc