389Teaco Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- BK25032893120033
389Teaco Ltd. filed an assignment in bankruptcy on October 24, 2025, with Raymond Chabot Inc. as trustee under court file BK25032893120033, in Ontario. The proceeding is active. The statement of affairs, as at October 24, 2025, stated a deficiency of $340,026.27, with total liabilities of $340,026.27 and no assets. The Royal Bank of Canada held secured claims of $166,666.84, $145,831.78 and $10,710.37 on bank loans. Golpro Holdings Inc. held an unsecured claim of $15,086.24 for rent, and the Agence du revenu du Canada one of $960.35.
Debtor
389Teaco Ltd.
Trustee in bankruptcy
Raymond Chabot
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Banque Royale du Canada (Royal Bank of Canada) · in 78 casesBank loan (except real property mortgage), account 37320471-002 — Listed as secured claim in Statement of Affairs as at date of bankruptcy — debtor: 389Teaco Ltd. · as of 24 Oct 2025 | $167K | Notice of Bankruptcy |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| PDF · Subscribers | |
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CiteProceedings., “389Teaco Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/389teaco-ltd