5028715 Ontario Inc.

5028715 Ontario Inc. is bankrupt under the BIA, with a Statement of Affairs (Form 78) sworn as at July 24, 2026 reporting total assets of $1.00 against total liabilities of $342,900.83 and a deficiency of $342,899.83. The estate's only asset is machinery, equipment and plant listed as item #1101 at an estimated realizable value of $1.00. Liabilities are shown as $1.00 secured, $342,899.83 unsecured, and nothing preferred or contingent. The largest claims as stated by the debtor are a $203,000.00 RBC Royal Bank loan incurred August 4, 2020, listed as unsecured, $96,638.78 in rent owed to Valley Mill Developments Ltd., $19,478.57 of CRA sales tax arrears, and a CRA payroll-deduction claim split between $1.00 secured against the machinery and $10,637.15 unsecured. Smaller trade and utility accounts range from $400.00 to $5,000.00.