#Claims
A meeting of creditors was convened in the bankruptcy on June 27, 2022.
Source: Minutes of First Meeting of Creditors and Trustee’s Preliminary Report
2737524 Ontario Inc. o/a Estrada Automotive
FollowActive
- Proceeding
- BankruptcySection 49 of the Act; Rule 85
- File
- 31-2842327
Filings held2
Last activity27 Jun 2022
On the record1,547 days
Secured debt$320K
OverviewSummary updated
2737524 Ontario Inc. o/a Estrada Automotive filed an assignment in bankruptcy on June 27, 2022, under section 49 of the Act, with Goldhar & Associates Ltd. as trustee under court file 31-2842327, in Ontario. The proceeding is active. The statement of affairs, as at June 27, 2022, reported total liabilities of $320,092.15; assets were carried at an original cost of $442,283.00 but estimated to realize effectively $1.00 in recoverable HST, with $15,000.00 already liquidated by a receiver. The Bank of Montreal held a PPSA-registered secured claim of $320,085.15, which the trustee noted was likely to rank as fully unsecured for want of assets; 25% of that indebtedness was personally guaranteed by Mr. Wong, the officer and director.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Claims
2737524 Ontario Inc. filed its assignment in bankruptcy on June 27, 2022, commencing the estate under Goldhar & Associates Ltd. as trustee.
Source: Notice of Bankruptcy and First Meeting of Creditors, including Creditor’s Package
Parties
Debtor
2737524 Ontario Inc. o/a Estrada Automotive
Trustee in bankruptcy
Goldhar & Associates
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal (BMO Bank of Montreal, formerly MBanx) · in 279 casesas of Statement of Affairs as reported — PPSA-registered charge (search conducted April 11, 2022, file currency to April 10, 2022); financed approximately $350,000 to the debtor in December 2020 (original advance, not balance) — Trustee notes that as there are no assets on the bankruptcy date, this secured claim is likely to rank as fully unsecured; secured creditor had not yet filed a proof of claim; validity of security not commented on by Trustee; Claims Register (Appendix B) separately lists a $1.00 nominal SOA amount for this creditor under 'Secured creditors' (likely a placeholder pendin | $320K | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | BMO Bank of Montreal (formerly MBanx) c/o BankruptcyHighway.com · in 40 casesas of Statement of Affairs as reported — Bifurcated: also listed with $1.00 under Secured creditors in Claims Register; underlying secured claim likely to rank as fully unsecured per Trustee due to no available assets; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $320K | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | CRA - Toronto North Tax Services Office · in 11 casesas of Statement of Affairs as reported — Deemed trust/CRA claim; nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | Ministry of Finance - ON PST, EHT & Other Taxes · in 64 casesas of Statement of Affairs as reported — Regulatory/tax claim; nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | Workplace Safety and Insurance Board · in 164 casesas of Statement of Affairs as reported — Regulatory claim; nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | MSI Spergel Inc. (Receiver for Debtor Corporation) · in 2 casesas of Statement of Affairs as reported — Nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | CRA - GST/HST - Shawinigan-Sud · in 18 casesas of Statement of Affairs as reported — Deemed trust/CRA claim; nominal placeholder amount; no proof of claim filed; potential HST refund of approximately $51,000 pending but amount unascertained due to unfiled tax returns — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | Catherine Consentino (Lawyer)as of Statement of Affairs as reported — Nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
| 8 | Unsecured | Lipman Zener and Waxman LLP (Counsel for BMO)as of Statement of Affairs as reported — Nominal placeholder amount; no proof of claim filed — debtor: 2737524 Ontario Inc. cob Estrada Automotive | $1 | Minutes of First Meeting of Creditors and Trustee’s Preliminary Report |
Estate financialsReported figures — never derived
Total assets at filing$442K
Total liabilities at filing$320K
As at 27 Jun 2022 · per Trustee's Preliminary Report figures based on available books/records and discussions with management, not audited; asset values shown are original cost with estimated realizable value of $0 (except $1.00 HST recoverable) as all available assets were sold by the receiver for $15,000 through bill of sale dated May 11, 2022 · 2737524 Ontario Inc. cob Estrada Automotive (single bankrupt entity) — Total assets figure of $442,283.00 is original cost, not realizable value; estimated realizable value of assets is effectively $1.00 (HST recoverable) plus $15,000 already liquidated by receiver; total liabilities of $320,092.15 per Statement of Affairs (7 unsecured creditors totaling $7.00 nominal, 1 secured creditor at $320,085.15); no claims filed as of statement date
Documents2 filings
| Date | Document | File |
|---|---|---|
Minutes of First Meeting of Creditors and Trustee’s Preliminary Report
| ||
Notice of Bankruptcy and First Meeting of Creditors, including Creditor’s Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2737524 Ontario Inc. o/a Estrada Automotive” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2737524-ontario-inc-o-a-estrada-automotive