#Claims
Bankruptcy commenced on March 1, 2022 by assignment filed or deemed filed by 5018288 Ontario Ltd., or by bankruptcy order made against it, bringing creditors to meeting.
Source: Creditor's Package
5018288 Ontario Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2808724
Filings held3
Last activity1 Mar 2022
On the record1,665 days
OverviewSummary updated
5018288 Ontario Ltd. has been bankrupt under the BIA since March 1, 2022, with MNP Ltd. acting as Licensed Insolvency Trustee under court file no. 31-2808724 in Ontario. The Statement of Affairs, as at February 28, 2021, reported assets of $2,200 — cash in bank of $700 and equipment of $1,500 — against total liabilities of $520,845, consisting of secured claims of $2,200, no preferred claims and unsecured claims of $518,645. The trustee separately obtained actual cash on hand of $705.43, with a further $140 expected. Proven and filed claims to March 16, 2022 totalled $3,155. Royal Bank of Canada holds a PPSA registration over inventory, equipment, accounts, other and a motor vehicle, and the trustee has reviewed that security and considers it valid and enforceable against the trustee. Magic White Inc. holds a PPSA registration over equipment, understood to cover dishwashing equipment left at the premises in the landlord's possession. Neither secured creditor has submitted a claim.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
The Office of the Superintendent of Bankruptcy issued its certificate of appointment on March 1, 2022, naming MNP Ltd. as Licensed Insolvency Trustee of the estate.
#Report
A court officer filed a report on the commencement date, the sole recorded step in the proceeding under court file 31-2808724.
Source: Certificate of Appointment
Parties
Debtor
5018288 Ontario Ltd.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Magic White Inc. · in 4 casesas of March 16, 2022 — PPSA registration over Equipment — No claim received from creditor to date; understood to hold security over dishwashing equipment left at Premises in possession of landlord. Statement of Affairs reports total secured claims of $2,200 (component of aggregate, not attributable to a specific creditor); no proven/filed secured claims as of March 16, 2022. — debtor: 5018288 Ontario Ltd. | — | Trustee’s Preliminary Report to Creditors dated |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee’s Preliminary Report to Creditors dated · 16 Mar 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors dated · 16 Mar 2022 |
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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report to Creditors dated
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditor's Package
| 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., “5018288 Ontario Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/5018288-ontario-ltd