5012456 Ontario Ltd.

5012456 Ontario Ltd. is in bankruptcy in Ontario under court file no. 31-2859675, with Baigel Corp. as trustee and the estate proceeding on the basis of subsection 102(1) of the Act. The Statement of Affairs, as of August 26, 2022, lists National Bank of Canada as the sole secured creditor at $60,000, on security taken March 15, 2019 over a computer, leasehold improvements, office furniture and debts due from Rainbow Lighting Agencies Inc., with the estimated value of that security and any surplus from it both put at $0.00; the bank's claim is bifurcated, with a further $60,000 shown as unsecured. The largest unsecured claims are Michael L Willmot at $1,720,739, Metaluman Manufacturing Inc. at $656,524.96 arising from litigation under court file CV-22-00678778-0000, Takacs Family Trust 2001 at $483,079.24, CRA at $302,328.62 and Takacs Holding Inc. at $237,666.68. CRA is also listed with a $690 deemed trust claim among contingent liabilities.