Proceedings.

Accountable Solutions Accounting Professional Corporation

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Active
Proceeding
Bankruptcysection 16(1) of the Bankruptcy and Insolvency Act
File
31-OR-208320-T
Filings held4
Last activity14 Mar 2019
On the record2,890 days
Secured debt$550K
OverviewSummary updated

Accountable Solutions Accounting Professional Corporation is in bankruptcy under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice, under court file 31-OR-208320-T. The proceeding was commenced on September 10, 2018, and an interim order was granted the same day. The file remains active. The record supporting this page carries no milestones after commencement, and no judicial centre or procedural stage has been recorded.

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Case updates5 dated entries
Parties

Debtor

File Documents

Trustee in bankruptcy

Albert Gelman

Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredBank of Montreal · in 279 casesParticulars of security not specified in List B; estimated value of security stated as $0.00 — Claim bifurcated: security valued at nil, so the full balance of this secured claim is also carried into the 'Total unsecured creditors' figure via List A. Statement of Affairs is a DRAFT, sworn by designated person Tim Chang, not the bankrupt's own signed statement. — debtor: Accountable Solutions Accounting Professional Corporation · as of 23 Oct 2018$550KNotice of Bankruptcy & First Meeting of Creditors
4SecuredMelody RaderParticulars of security not specified in List B; estimated value of security stated as $0.00 — Individual creditor (personal name); possible related party. Claim bifurcated: security valued at nil, balance also carried into List A as unsecured total claim. Statement of Affairs is a DRAFT. — debtor: Accountable Solutions Accounting Professional Corporation · as of 23 Oct 2018$1Notice of Bankruptcy & First Meeting of Creditors
8UnsecuredBank of Montreal · in 279 casesSame creditor also appears in List B as a secured creditor with security valued at $0.00; unsecured claim column shows $0.00 and balance of claim (secured) column shows $550,000.00, combined into this Total claim figure. — debtor: Accountable Solutions Accounting Professional Corporation · as of 23 Oct 2018$550KNotice of Bankruptcy & First Meeting of Creditors
8UnsecuredMelody RaderSame individual also appears in List B as a secured creditor with security valued at $0.00; unsecured claim column shows $0.00 and balance of claim (secured) column shows $1.00, combined into this Total claim figure. — debtor: Accountable Solutions Accounting Professional Corporation · as of 23 Oct 2018$1Notice of Bankruptcy & First Meeting of Creditors
8UnsecuredCRA - Tax - Ontario RT/RP/RCListed solely as unsecured; not designated as deemed-trust or preferred in the document. — debtor: Accountable Solutions Accounting Professional Corporation · as of 23 Oct 2018$1Notice of Bankruptcy & First Meeting of Creditors
Estate financialsReported figures — never derived
Total assets at filing$0
Total liabilities at filing$550K

As at 23 Oct 2018 · per Draft (unsigned/unsworn by bankrupt's own designated officer) Statement of Affairs, sworn by designated person Tim Chang; trustee noted it had not received a signed Statement of Affairs and provided this draft instead · Entity-level: Accountable Solutions Accounting Professional Corporation — Deficiency (liabilities exceeding assets) stated as $550,002.00; all asset categories listed as $0.00.

Documents4 filings
DateDocumentFile
Revised Package to Creditors March 14, 2019 – ACCOUNTABLEPDF
Notice of Bankruptcy & First Meeting of Creditors
  • Financial position Assets $0 · Liabilities $550K · as at 23 Oct 2018 · per Draft (unsigned/unsworn by bankrupt's own designated officer) Statement of Affairs, sworn by designated person Tim Chang; trustee noted it had not received a signed Statement of Affairs and provided this draft instead · Entity-level: Accountable Solutions Accounting Professional Corporation — Deficiency (liabilities exceeding assets) stated as $550,002.00; all asset categories listed as $0.00.
  • Secured creditors $1 · Note: Individual creditor (personal name); possible related party. Claim bifurcated: security valued at nil, balance also carried into List A as unsecured total claim. Statement of Affairs is a DRAFT. · Page: 9 · As of: 2018-10-23 · Debtor: Accountable Solutions Accounting Professional Corporation · Creditor: Melody Rader · Security: Particulars of security not specified in List B; estimated value of security stated as $0.00
  • Unsecured creditors $1 · Note: Same individual also appears in List B as a secured creditor with security valued at $0.00; unsecured claim column shows $0.00 and balance of claim (secured) column shows $1.00, combined into this Total claim figure. · Page: 8 · As of: 2018-10-23 · Basis: Statement of Affairs (draft), List 'A' Unsecured Creditors - 'Total claim' column · Debtor: Accountable Solutions Accounting Professional Corporation · Creditor: Melody Rader
PDF
Order of Master Mills dated October 23, 2018 (Bankruptcy Order)
  • Applicant Bank of Montreal
  • Appointee ALBERT GELMAN INC.
  • Appointee role trustee
  • Commencement date 23 October 2018
  • + 5 more extracted facts
PDF
Application for Bankruptcy Order issued September 10, 2018
  • Applicant BANK OF MONTREAL ("BMO")
  • Appointee ALBERT GELMAN INC.
  • Appointee role trustee
  • Commencement date 10 September 2018
  • + 3 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Accountable Solutions Accounting Professional Corporation” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/accountable-solutions-accounting-professional-corporation

Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/accountable-solutions-accounting-professional-corporation

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.