#Report
Recorded the bankruptcy as occurring January 25, 2024 at 08:08, with MNP Ltd. as licensed insolvency trustee and secured claims filed at nil.
Source: Certificate of Appointment
Adara Properties Inc. Officescape Canada
FollowActive
- Proceeding
- BankruptcySection 49 of the Act
- File
- 31-3034754
Filings held4
Last activity25 Jan 2024
On the record970 days
OverviewSummary updated
Adara Properties Inc., carrying on business as Officescape Canada, became bankrupt in Ontario on January 25, 2024 at 08:08, under estate number 31-3034754, with MNP Ltd. acting as licensed insolvency trustee. The Statement of Affairs dated January 24, 2024 shows the company holding no assets against liabilities of $538,995.88, all of it unsecured: loans from the company's two directors of approximately $239,000 each and a $60,000 Canada Emergency Business Account loan. Secured claims are reported as nil, both on the Statement of Affairs and as filed. As of 5:00 p.m. on February 12, 2024, no proofs of claim had been filed against the estate. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
#Report
Court officer's report placed the estate on the record and was accepted by the Office of the Superintendent of Bankruptcy Canada on January 25, 2024, the date of commencement.
Source: Trustee's preliminary report
#Filing
Instrument executed January 24, 2024 opened the process; the Statement of Affairs bears the same date, listing no assets and $538,995.88 in liabilities.
Parties
Debtor
Adara Properties Inc. Officescape Canada
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as per SOA) · in 532 casesComprised of loans from the two directors of approximately $239,000 each, and a Canada Emergency Business Account loan of $60,000; proofs of claim filed as of 5:00 p.m. February 12, 2024 totaled Nil. — debtor: Adara Properties Inc. o/a Officescape Canada · as of 24 Jan 2024 | $539K | Trustee's preliminary report |
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's preliminary report · 13 Feb 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's preliminary report · 13 Feb 2024 |
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.
Estate financialsReported figures — never derived
Total assets at filing$0
Total liabilities at filing$539K
As at 24 Jan 2024 · per Statement of Affairs · Adara Properties Inc. (single entity, bankrupt estate) — SOA dated January 24, 2024 shows the Company has no assets. Secured claims per SOA and as filed: Nil.
Documents4 filings
| Date | Document | File |
|---|---|---|
Trustee's preliminary report
| ||
Certificate of Appointment
| ||
| Creditors Package | ||
Assignment for the General Benefit of Creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Adara Properties Inc. Officescape Canada” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/adara-properties-inc