C.L.C Creative Learning Centre (Ontario) Ltd.

C.L.C Creative Learning Centre (Ontario) Ltd. became bankrupt on July 29, 2020 in Ontario, with Baigel Corp. acting as trustee under estate number 31-2661343 and subsection 102(1) of the Bankruptcy and Insolvency Act cited as the statutory basis. The Statement of Affairs sworn as at the date of bankruptcy puts total assets at $31,628.00 against total liabilities of $56,375.50, a deficiency of $24,747.50. Preferred claims of $36,769.50 consist of a rent claim by TVM Eglinton Inc., which ranks ahead of ordinary unsecured claims; unsecured claims total $19,605.00, the largest being $5,000.00 owed to the Ministry of Education through the National Student Loans Service Centre and $4,558.00 to Ourkids Media. Sharp Electronics of Canada holds security over a leased Sharp photocopier, valued at $1.00 with no surplus. The estate remains active.