Classic Glass & Mirror Ltd.

Active

Proceeding: BankruptcyBankruptcy and Insolvency Act
File: 31-2510564

Filings held2

Last activity14 May 2019

On the record2,687 days

OverviewSummary updated 13 August 2026

Classic Glass & Mirror Ltd. is the subject of insolvency proceedings. A Statement of Affairs (Form 78) filed as at May 14, 2019 reports total liabilities of $2,246,211.87 against total assets of $984,772.02, a stated deficiency of $1,261,439.85. Secured claims include Royal Bank of Canada at $793,847.00, secured against receivables, inventory, a vehicle and machinery valued in total at $706,724.02, leaving an $87,122.98 shortfall also listed as an unsecured claim; DSM Leasing Ltd. at $124,332.00 and CLE Leasing at $153,716.00 are reported as fully secured. The unsecured creditor list runs to more than fifty claims, including Timothy D. Irwin at $600,000.00, Thinking Capital Financial Corporation at $198,256.89, Trulite Industries at $87,200.22 and CRA deemed-trust claims.

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Case updates2 dated entries

14 May 2019

#Report

The officer filed a report. Court file 31-2510564.

Source: Certificate of Appointment

14 May 2019

#Claims

Creditor’s Package was filed. Court file 31-2510564.

Source: Creditor’s Package

Parties

Debtor

Classic Glass & Mirror Ltd.

Trustee in bankruptcy

msi Spergel inc.

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	Royal Bank of Canada · in 556 casesMultiple security interests: Debts Due-Accounts Receivable ($92,986.02 est. value), Business Assets-Stock in Trade/Inventory ($23,000.00), Motor Vehicles-Automobile Ford-450 ($12,284.00), Business Assets-Machinery/Leasehold Improvements ($0.00), Business Assets-Machinery & Equipment ($578,454.00) - total estimated security value $706,724.02 — Claim bifurcated secured/unsecured by security valuation: shortfall of $87,122.98 (amount of claim less estimated security value) also listed as an unsecured claim for Royal Bank of Canada on List A. — debtor: Classic Glass & Mirror Ltd. · as of 14 May 2019	$794K	Creditor’s Package

54 more claims across lower-ranking classes

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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
15 May 2019	Creditor’s Package Appointee msi Spergel inc. Appointee role trustee Commencement date 14 May 2019 Court file no 31-2510564 + 5 more extracted facts	PDF · Subscribers

14 May 2019	Certificate of Appointment Appointee MSI SPERGEL INC Appointee role trustee Commencement date 14 May 2019 Court file no 31-2510564 + 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., “Classic Glass & Mirror Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/classic-glass-mirror-ltd