Dean Myers Chevrolet Limited in Bankruptcy

Dean Myers Chevrolet Limited, an Ontario motor vehicle dealer, has been in bankruptcy since May 7, 2020, with Baigel Corp. acting as trustee under estate number 31-2644010 and subsection 102(1) of the Act cited as the statutory basis. The Statement of Affairs sworn as at the date of bankruptcy shows no assets against total liabilities of $6,137,104.01, producing a stated deficiency in the same amount. Of that, $5,713,776.86 is attributed to secured claims and $423,327.15 to unsecured claims, with nothing shown as preferred or contingent. Royal Bank of Canada is listed in List "A" as the secured creditor, with the balance of its claim shown at $5,713,774.86 and no unsecured portion. Hundreds of unsecured creditors are listed, including CDK Global (Canada) Limited at $27,056.62, Enterprise Rent a Car at $23,451.55 and GM Canada at $18,900.63. The estate remains active.