Commit Solutions Inc.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- 11-3100592
Commit Solutions Inc. made an assignment in bankruptcy on July 4, 2024 under section 49 of the Bankruptcy and Insolvency Act, with Grant Thornton Limited appointed trustee under file no. 11-3100592 in British Columbia. The sworn Statement of Affairs puts assets at $260,812 in book value, with accounts receivable of $106,160.22 estimated to produce nothing. Royal Bank of Canada is owed approximately $801,820, secured by two general security agreements over all present and after-acquired property registered September 10, 2020 and January 27, 2022; counsel confirmed that security is valid and perfected, and RBC has guaranteed the trustee's fees and disbursements in writing. Unsecured claims are reported at $197,675, with one proof of claim for $14,247.86 received. Service Canada asserts statutory super-priority under s. 81.3 for unpaid wages of up to three employees, unquantified. The proceeding is active.
A claims procedure has been established — see the order for deadlines.
Court officer report fixing the commencement of the proceedings at July 4, 2024 at 13:47, establishing the effective time for the file.
Second court officer report recording that Commit filed an assignment on July 4, 2024, the step by which the proceedings began.
Undated filings1 — no date appears on the document · show
Debtor
Commit Solutions Inc.
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesCEBA Loan; general security over cash on hand (RBC business account), accounts receivable, investments (Bocar's firm; Planworth), SRED claim estimate; estimated value of security $0.00 — List B secured creditor no. 1; security valued at nil so the entire $40,000.00 ranks unsecured (balance of claim, also carried in List A). — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $40K | Creditors' Package dated July 5, 2024 |
| 7 | Preferred (BIA s. 136) | EMPLOYEES · in 185 caseslisted as 'EMPLOYEES' (BC); nominal $1.00 placeholder amount as stated; List C preferred creditors nil — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1 | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Royal Bank of Canada · in 556 casesLong Term Debt; List A balance-of-claim row — unsecured shortfall of secured Long Term Debt (List B no. 2, gross $1,022,632.02, security value $260,812.45) — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $762K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Linkedin USDcreditor named 'Linkedin USD', address Chicago IL USA; figure recorded within the SOA's CAD total — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $149K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Royal Bank of Canada · in 556 casesCEBA Loan; List A balance-of-claim row — unsecured balance of secured CEBA claim (List B no. 1); security value nil so entire $40,000 ranks unsecured — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $40K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Senders.codebtor: Commit Solutions Inc. · as of 4 Jul 2024 | $14.2K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | HubTree Talentdebtor: Commit Solutions Inc. · as of 4 Jul 2024 | $13.7K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Andrew Millsindividual creditor (Andrew Mills) — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $8.97K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | MNP LLP · in 63 casesAttn: Ola Asaju — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $6.56K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | PayScaledebtor: Commit Solutions Inc. · as of 4 Jul 2024 | $2.96K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Davyas ConsultancyAttn: Nancy Thakur (India) — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1.8K | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | 2338701 Ontario IncAttn: Dave Frey (Whistler BC) — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $952 | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Ministry of Finance & Corp. · in 2 casesaccount 721966315 - PST & EHT; provincial deemed-trust/quasi-government class; nominal $1.00 placeholder amount as stated — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1 | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesCRA account 721966315 RP0001 (payroll source deductions); deemed-trust class; nominal $1.00 placeholder amount as stated — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1 | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | WorksafeBC · in 29 casesworkers' compensation; nominal $1.00 placeholder amount as stated — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1 | Creditors' Package dated July 5, 2024 |
| 8 | Unsecured | American Express Credit Cardnominal $1.00 placeholder amount as stated — debtor: Commit Solutions Inc. · as of 4 Jul 2024 | $1 | Creditors' Package dated July 5, 2024 |
As at 4 Jul 2024 · per Sworn Statement of Affairs (book value per management / estimated to produce per SOA) · Entity: Commit Solutions Inc. — Book value per management and estimated-to-produce per SOA are identical in the table ($260,812) except Accounts Receivable estimated to produce is $0 versus $106,160.22 book value; total liabilities not stated as a single figure in these pages (secured ~$801,820 and unsecured ~$197,675 reported separately).
| Date | Document | File |
|---|---|---|
| Commit Solutions Inc. - Offer Form | ||
| Commit Solutions Inc. - Terms and Conditions | ||
Commit Solutions Inc. - Teaser Letter dated August 1, 2024
| ||
Preliminary Trustee's Report dated July 25, 2024
| ||
Creditors' Package dated July 5, 2024
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Certificate of Appointment dated July 4, 2024
| ||
| Proof of Claim Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Commit Solutions Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/commit-solutions-inc