Adara Properties Inc. Officescape Canada
- Proceeding
- BankruptcySection 49 of the Act
- File
- 31-3034754
- Industry
- Real estate
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.
Certificate of Appointment was filed. Court file 31-3034754.
Source: Certificate of Appointment
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.
Debtor
Adara Properties Inc. Officescape Canada
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as per SOA) · in 563 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 |
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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's preliminary report
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Assignment for the General Benefit of Creditors
| 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., “Adara Properties Inc. Officescape Canada” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/adara-properties-inc