5018288 Ontario Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2808724
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.
Certificate of Appointment was filed. Court file 31-2808724.
Source: Certificate of Appointment
Debtor
5018288 Ontario Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report to Creditors dated
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Certificate of Appointment
| PDF · Subscribers | |
Creditor's Package
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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 6 November 2026, https://proceedings.ca/case/5018288-ontario-ltd