Crumbz Foods Inc.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
Crumbz Foods Inc., a bankrupt whose file is recorded as closed, reported liabilities of $2,357,453.53 against assets of $275,941.00 in its Statement of Affairs (Form 78) sworn 20 December 2012 by officer Shams-Tabriz Habib, leaving a stated deficiency of $2,081,512.53 and surplus of nil. Secured claims per List B were valued at $275,941.00, matching the whole of the estimated asset base; unsecured claims per List A totalled $533,813.53 before adding $1,547,699.00 in unsecured balances carried over from the secured list. The largest claims were related-party debts of F.T.Z. Holdings Ltd. ($983,125.00) and Bowness Real Estate Corp. ($179,396.00), each sharing director Shams Habib's West Vancouver address and each shown with security valued at nil, together with Agriculture Financial Services Corporation's bifurcated claim ($385,225.00 on List A) and Rumi Developments Inc. at $271,509.00.
3 earlier updates, back to 20 December 2012 — subscribers.
Debtor
Crumbz Foods Inc.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | F.T.Z. Holdings Ltd.Business assets - machinery/equipment; furniture - computers & technology; furniture - office furniture; security given 26-Aug-2012/26-Sep-2012; estimated value of security stated as $0.00 — Related party - address (4775 Woodside Place, West Vancouver BC) same as director Shams Habib. Security valued at nil; entire claim shown as balance of claim unsecured ($983,125.00), also carried into List A as a $983,125.00 total claim. — debtor: Crumbz Foods Inc. · as of 20 Dec 2012 | $983K | Notice to Creditors - December 21, 2012 |
Unsecured creditors: not yet estimated.Trustee's Preliminary Report - January 10, 2013 · 10 Jan 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report - January 10, 2013 · 10 Jan 2013 |
| Unsecured | — | — | not yet estimated | per the trustee | Trustee's Preliminary Report - January 10, 2013 · 10 Jan 2013 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
| Order Discharging Trustee pronounced July 2, 2024 | PDF · Subscribers | |
Section 38 Order re: Axa Pacific Insurance Company et al - Filed February 22, 2013
| PDF · Subscribers | |
Section 38 Order re: Durapack - Filed February 22, 2013
| PDF · Subscribers | |
Trustee's Preliminary Report - January 10, 2013
| PDF · Subscribers | |
Notice to Creditors - December 21, 2012
| PDF · Subscribers | |
| Certificate of Appointment - December 20, 2012 | 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., “Crumbz Foods Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/crumbz-foods-inc