Ariad Communications Inc.

Active

Proceeding: BankruptcyBankruptcy and Insolvency Act
File: 31-2367031

Filings held2

Last activity16 Apr 2018

On the record3,080 days

OverviewSummary updated 19 August 2026

Ariad Communications Inc. filed an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on April 16, 2018, in Ontario, under estate number 31-2367031. A. Farber & Partners Inc. is the trustee of the estate. The bankruptcy remains active.

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Case updates2 dated entries

16 Apr 2018

#Report

Court officer's report on file fixes the commencement of the proceeding at 15:37 on April 16, 2018, recording the opening to the minute.

Source: Certificate of Appointment

16 Apr 2018

#Claims

Meeting of creditors carried at the April 16, 2018 commencement date, dated from the filing by Ariad Communications Inc. that opened the proceeding.

Source: Creditors Package

Parties

Debtor

Ariad Communications Inc.

Trustee in bankruptcy

GlassRatner

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	Fifth Third BankDebts due - business accounts receivable (est. value 476,000.00); furniture - office equipment (est. 300,000.00); cash on hand (est. 90,000.00); other - intangible (est. 1.00); other - leaseholds (est. 1.00); other - prepaid expenses (est. 1.00); total estimated value of security 866,003.00 — List B secured creditors. Claim (amount of claim) 11,622,982.00; secured to estimated value 866,003.00; unsecured shortfall (balance of claim) 10,756,979.00 also carried as a distinct List A entry #38 (do not double-count). 'When given' not stated. Cincinnati OH USA. — debtor: Ariad Communications Inc. · as of 16 Apr 2018	$11.6M	Creditors Package

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents2 filings

Date	Document	File
18 Apr 2018	Creditors Package Appointee A. Farber & Partners Inc. Appointee role Trustee Commencement date 16 April 2018 Financial position Subscribers + 4 more extracted facts	PDF · Subscribers

16 Apr 2018	Certificate of Appointment Appointee A. FARBER & PARTNERS INC. Appointee role trustee Commencement date 16 April 2018 Court file no 31-2367031 + 2 more extracted facts	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., “Ariad Communications Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/ariad-communications-inc