Credit Bureau Collections Ltd.
- Proceeding
- BankruptcySection 49 of the Act
- File
- 31-3051821
- Industry
- Business & consumer services
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.
Certificate of Appointment was filed. Court file 31-3051821.
Source: Certificate of Appointment
Instrument dated March 5, 2024 — an indenture made that day — opened the estate of Credit Bureau Collections Ltd. under the BIA, MNP Ltd. as licensed insolvency trustee.
Source: Assignment for the General Benefit of Creditors (Form 21)
Debtor
Credit Bureau Collections Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency — GST/HST, Jonquière (Quebec Insolvency Intake Centre)Particulars of security (when given 2023-12-31): Debts Due — Business — Account Receivables (est. value 4,785.94); Motor Vehicle — 2014 Chevrolet Express 2500 LT Cargo Van, VIN 1GAWGEFA7E1190631 (est. value 4,141.86, est. surplus 7,858.14); Cash in Bank — Royal Bank of Canada (est. value 500.61); Furniture (est. value 0.00, surplus 1.00). Total estimated value of security 9,428.41. — Form 78 List B. Account no. 101198646 RP0001. CRA GST/HST — deemed-trust / quasi-governmental class. Claim shown as fully covered by security (est. value 9,428.41); no unsecured deficiency. as_of is bankruptcy dat · as of 5 Mar 2024 | $9.43K | Notice to Creditors dated |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
32 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured 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 |
|---|---|---|
Minutes of the First Meeting of Creditors
| PDF · Subscribers | |
Trustee's Preliminary Report dated
| PDF · Subscribers | |
Notice to Creditors dated
| PDF · Subscribers | |
Assignment for the General Benefit of Creditors (Form 21)
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “Credit Bureau Collections Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/credit-bureau-collections-ltd