2724393 Ontario Inc.
- Proceeding
- Bankruptcysubsection 102(4) of the BIA
- File
- 32-3078193
2724393 Ontario Inc. became bankrupt on May 9, 2024 at 11:03, with MNP Ltd. acting as Licensed Insolvency Trustee under court file 32-3078193 in Ontario. The Statement of Affairs, prepared as at May 7, 2024 from the company's available books and records and neither reviewed nor audited by the Trustee, reports liabilities of $2,535,986, comprising $145,000 secured, $2,390,986 unsecured and no preferred claims. As of 5:00 p.m. on May 22, 2024, proofs of claim totalling $1,802,275.32 unsecured had been filed by Canadian Western Bank and Parkland Corporation, with no secured or preferred claims filed; the Trustee has not determined admissibility for dividend purposes. CWB claims $2,966,302.37 and holds security over all of the Property that a Chaitons LLP opinion confirms as valid, enforceable and first ranking. The proceeding remains active.
Certificate of Appointment was filed. Court file 32-3078193.
Source: Certificate of Appointment
Debtor
2724393 Ontario Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank (CWB) · in 83 casesValid, enforceable and first ranking security over all of the Property, per legal opinion from Chaitons LLP — Receiver's appointment order noted CWB concerned about shortfall on recovery; security opinion confirmed (not merely pending) — debtor: 2724393 Ontario Inc. | $2.97M | Trustees Preliminary Report |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: no distribution. Canadian Western Bank short.EstimatedTrustees Preliminary Report · 23 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredCWB | Canadian Western Bank | — | shortfall | Estimatedper the trustee | Trustees Preliminary Report · 23 May 2024 |
| Unsecured | creditors whose claims are subordinate to CWB | — | no distribution | Estimatedper the trustee | Trustees Preliminary Report · 23 May 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.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Trustees Preliminary Report
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| 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., “2724393 Ontario Inc.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/2724393-ontario-inc