Crumbz Foods Inc.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- Industry
- Manufacturing · Food & beverage manufacturing
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.
Debtor
Crumbz Foods Inc.
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
51 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| 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 5 November 2026, https://proceedings.ca/case/crumbz-foods-inc