Champagne Installations Inc.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act (the "BIA")
- File
- 33-3081569
Champagne Installations Inc. has been in insolvency proceedings in Ontario since May 17, 2024, with Crowe Soberman Inc. as licensed insolvency trustee. A statement of affairs as at May 9, 2024, stated and estimated by officer Nicholas Arthur Pol, put total assets at $839,597.75 against total liabilities of $1,344,597.75 and a deficiency of $505,000.00. RBC Royal Bank holds a first mortgage of $281,771.21 on the building at Unit 5, 212 Van Buren Street in Kemptville, together with claims of $195,031.57 and $45,441.07 against business assets and vehicles. The Canada Revenue Agency has a preferred deemed trust claim of $235,436.81 for source deductions and $81,216.41 of HST, and Vinylguard Window & Doors is owed $157,459.23.
Crowe Soberman Inc., as licensed insolvency trustee, filed a court officer's report on May 17, 2024 in the affairs of Champagne Installations Inc.
Source: Preliminary Report
Debtor
Champagne Installations Inc.
Trustee in bankruptcy
Crowe Soberman
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank / Banque Royale · in 56 casesReal property - Building, Unit 5, 212 Van Buren Street, Kemptville, ON, given 16-May-2022 — First mortgage; fully secured (estimated value equals amount of claim) — debtor: Champagne Installations Inc. · as of 9 May 2024 | $282K | Notice of Bankruptcy |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Notice of Bankruptcy
| 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., “Champagne Installations Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/champagne-installations-inc