Champagne Installations Inc.
- 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.
Debtor
Champagne Installations Inc.
Trustee in bankruptcy
Crowe Soberman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | RBC Royal Bank / Banque Royale · in 59 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred |
56 more claims in 4 classes The stack holds Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Notice of Bankruptcy
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CiteProceedings., “Champagne Installations Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/champagne-installations-inc