#Claims
389Teaco Ltd. filed its assignment in bankruptcy on October 24, 2025, commencing the estate under Raymond Chabot Inc. as trustee.
Source: Notice of Bankruptcy
389Teaco Ltd.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- BK25032893120033
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
389Teaco Ltd.
Trustee in bankruptcy
Raymond Chabot
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Banque Royale du Canada (Royal Bank of Canada) · in 74 casesBank loan (except real property mortgage), account 37320471-003 — Listed as secured claim in Statement of Affairs as at date of bankruptcy — debtor: 389Teaco Ltd. · as of 24 Oct 2025 | $146K | Notice of Bankruptcy |
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
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| 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., “389Teaco Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/389teaco-ltd