Credit Bureau Collections Ltd.

Credit Bureau Collections Ltd., an Ontario company, has been bankrupt under the BIA since March 5, 2024, with MNP Ltd. acting as licensed insolvency trustee under estate file 31-3051821. The bankruptcy took effect at 15:57 that day. The sworn Statement of Affairs, prepared on estimated realizable values and not reviewed or audited by the trustee, reports total assets of $59,359 against total liabilities of $91,974, comprising secured claims of $51,499, a contingent claim of $1, nil preferred and unsecured claims of $40,474. Royal Bank of Canada holds a PPSA registration over the property, identified in a February 26, 2024 search, and holds roughly $411 on deposit against which it is exercising a right of offset; the trustee has not obtained an opinion on the validity of that security. Proofs of claim filed and admitted for voting purposes only as of March 25, 2024 total $13,394.28 in the preferred class and $14,800 unsecured. The trustee has not determined the admissibility or value of claims for dividend purposes. CRA claims include a preliminary $9,428 deemed trust estimate for unpaid 2024 source deductions, subject to completion of 2024 T4s and CRA review, and $2,339 for the final HST period.