#Report
Fixed the bankruptcy of the association at 11:22 on December 31, 2024, opening the Ontario estate administration under file number 31-3170320.
Source: Certificate of Appointment
Canadian Professional Sales Association
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3170320
Filings held2
Last activity31 Dec 2024
On the record629 days
OverviewSummary updated
Canadian Professional Sales Association became bankrupt in Ontario at 11:22 on December 31, 2024, under estate number 31-3170320, and the proceeding remains active. The Statement of Affairs sworn by Nancy Tudorache, stated as at December 30, 2024, reports total assets of $29,106.96 against total liabilities of $52,459.23, leaving a deficiency of $23,352.27, with no secured creditors and no preferred or priority claims. The listed unsecured claims are a former employee claim by Bradley Foley of $38,745.50, Desire 2 Learn (D2L) Corporation at $10,690.98, LinkedIn Ireland Unlimited Company at $1,820.00, ArcherPoint Canada at $734.50, Jeffrey Wilson at $467.25 regarding a designation application package, and the Canada Revenue Agency at $1.00.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
A claims process for the estate was approved on the same day the bankruptcy took effect.
Source: Notice of Bankruptcy
#Filing
Canadian Professional Sales Association — Bankruptcy filed, Ontario.
Source: Certificate of Appointment
Parties
Debtor
Canadian Professional Sales Association
Trustee in bankruptcy
Fuller Landau
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Preferred (BIA s. 136) | Bradley FoleyFormer employee claim; nature of liability 'Other'; preferred/priority column shown as $0.00, so not treated as a preferred claim — debtor: Canadian Professional Sales Association · as of 30 Dec 2024 | $38.7K | Notice of Bankruptcy |
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 |
|---|---|---|
Notice of Bankruptcy
| PDF · Subscribers | |
Certificate of Appointment
| 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., “Canadian Professional Sales Association” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/canadian-professional-sales-association