5028715 Ontario Inc.
Follow- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 32-3402741
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.
A claims procedure has been established — see the order for deadlines.
Debtor
5028715 Ontario Inc.
Trustee in bankruptcy
Bricks Damiani
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesMachinery, equipment and plant (asset item #1101, estimated realizable value $1.00) — Statement of Affairs bifurcates a single CRA payroll-deduction claim: $1.00 shown as secured (matched to the estate's only asset, machinery item 1101) and $10,637.15 shown as unsecured for the same claim; underlying debt is unremitted payroll source deductions (deemed-trust class under the Income Tax Act/CPP/EI). — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $1 | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | RBC Royal Bank · in 52 casesBank loan (except real property mortgage), date incurred shown as 04-Aug-2020; listed by debtor as unsecured despite being a bank loan — debtor: 5028715 Ontario Inc. · as of 4 Aug 2020 | $203K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Valley Mill Developments Ltd.Owed rent; listed under Unsecured column with $0.00 in Preferred/Priorities column, so not classified as a preferred (landlord priority) claim in this document — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $96.6K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Canada Revenue Agency (Sales taxes) · in 926 casesSales tax arrears; no priority/preferred amount indicated in document — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $19.5K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Canada Revenue Agency (payroll deductions) · in 926 casesDebt incurred 01-Jul-2026; deemed-trust class (unremitted source deductions); claim bifurcated with $1.00 shown as secured against machinery asset item #1101 (see secured_creditors) — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $10.6K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Sajit VegetablesAccounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $5K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Al-Baquran Halal Meats Inc.Accounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $3.5K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | KM ImportsAccounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $2K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Alectra Utilities (formerly Enersource Hydro) · in 39 casesAccounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $1.6K | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Enbridge Gas Distribution - Ontario · in 54 casesAccounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $645 | Notice of Bankruptcy – Dated July 27, 2026 |
| 8 | Unsecured | Bell Canada · in 298 casesAccounts payable — debtor: 5028715 Ontario Inc. · as of 24 Jul 2026 | $400 | Notice of Bankruptcy – Dated July 27, 2026 |
As at 24 Jul 2026 · per Statement of Affairs (Form 78) - amounts as stated and estimated by bankrupt/debtor · Entity-level: 5028715 Ontario Inc. (bankrupt corporation) — Deficiency of $342,899.83 reported. Total liabilities comprise Secured creditors $1.00, Preferred creditors/securities/priorities $0.00, Unsecured creditors $342,899.83, and Contingent/trust claims $0.00.
| Date | Document | File |
|---|---|---|
| Certificate of Appointment – Dated July 27, 2026 | ||
Notice of Bankruptcy – Dated July 27, 2026
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Proof of Claim form (blank)
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Proxy form (blank)
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “5028715 Ontario Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/5028715-ontario-inc