6888887 Canada Inc. Jewlr.com
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3432647
- Industry
- Retail · Apparel, footwear & jewellery retail
6888887 Canada Inc., operating as Jewlr.com, became bankrupt in Ontario at 08:58 on October 5, 2026 under section 49 of the Bankruptcy and Insolvency Act, with MNP LTD / MNP LTÉE as trustee under estate no. 31-3432647. The Statement of Affairs sworn by director Richard Nathan on October 1, 2026 attributes the failure to a lack of working capital and funding, and reports a single asset — deposits held in a CIBC account in Chicago, with an estimated realizable value of $1.00 — against liabilities of $19,396,379.42, leaving a stated deficiency of $19,396,378.42. The company lists 106 creditors. CIBC's reported claim of $17,069,418.35, arising from bank loans incurred November 15, 2021, is shown as $1.00 secured and $17,069,417.35 unsecured. The largest trade claims are Google LLC at $809,511.65 and Meta Platforms Inc at $448,878.39.
Bankruptcy took effect at 08:58, placing the estate under MNP LTD / MNP LTÉE as trustee by assignment under section 49 of the BIA.
Source: Certificate of Appointment
Debtor
6888887 Canada Inc. Jewlr.com
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce · in 71 casesas of 1 October 2026 (Statement of Affairs date) — Nature of liability: bank loans except real property mortgage; date given/incurred 15-Nov-2021; asset securing: deposits in financial institutions (item 101). Form 78 shows the claim split as unsecured $17,069,417.35 and secured $1.00 (total $17,069,418.35), the secured portion being the estimated realizable value of the $1.00 deposit asset; deficit from security shown as -$17,069,417.35. — Amount is the total claim as stated by the bankrupt in the Statement of Affairs (reported, not proven); only $1.00 is treated as secured. Estimated realiza | $17.1M | Creditor's Package |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
$9 today, then $99 a month from day 8. Cancel anytime.
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The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
$9 today, then $99 a month from day 8. Cancel anytime.
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See all plans| Date | Document | File |
|---|---|---|
| Tear Sheet | PDF · Subscribers | |
| Affidavit of Mailing | PDF · Subscribers | |
Creditor's Package
| PDF · Subscribers | |
Certificate of Appointment
| 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., “6888887 Canada Inc. Jewlr.com” (Bankruptcy). Retrieved 16 October 2026, https://proceedings.ca/case/6888887-canada-inc