Proceedings.

2698408 Ontario inc.

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Active
Proceeding
BankruptcySubsection 102(1) of the Act
File
33-3126485
Filings held1
Last activity10 Sep 2024
On the record741 days
OverviewSummary updated

2698408 Ontario inc. filed an assignment in bankruptcy on September 10, 2024, with Raymond Chabot Inc. as trustee under court file 33-3126485, in Ontario. The proceeding is active. The statement of affairs, as at September 10, 2024, stated a deficiency of $526,909.34, with total liabilities of $1,049,909.34 against assets of $523,000.00. The Business Development Bank of Canada held a secured claim of $674,281.25 over real property at 308 Simmons Rd, Odessa, valued at $481,100.62; Sharpe Farm Supplies Ltd. claimed $212,880.42 against the same property; the Corporation of Loyalist Township held $38,899.38 in municipal taxes; and the Agence du revenu du Canada asserted a deemed-trust claim of $39,373.44.

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Case updates2 dated entries
Parties

Debtor

2698408 Ontario Inc.

Trustee in bankruptcy

Raymond Chabot

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Agence du revenu du Canada (ON-NB) · in 719 casesTF - Chattels located within the real property — Deemed trust claim (CRA); estimated value of security $3,000.00, estimated unsecured balance $36,373.44 — debtor: 2698408 Ontario Inc. · as of 6 Sep 2024$39.4KNotice of bankruptcy - 2698408 Ontario inc
12 more claims across lower-ranking classesSubscribe to view
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
DateDocumentFile
Notice of bankruptcy - 2698408 Ontario incPDF · Subscribers

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CiteProceedings., “2698408 Ontario inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2698408-ontario-inc-2

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/2698408-ontario-inc-2

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.