Discounter's Pool & Spa Warehouse Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3049556
- Industry
- Retail · Specialty retail
Discounter's Pool & Spa Warehouse Inc. is the subject of insolvency proceedings in which a Statement of Affairs, sworn as at February 29, 2024, reports total liabilities of $10,844,252.69 against total assets of $773,337.00, a deficiency of $10,070,915.69. Scotiabank, acting through Canaccede International Management Ltd., holds a claim of $2,355,036.00 secured only to the estimated value of its collateral, $773,337.00, with the unsecured balance of $1,581,699.00 also listed among unsecured creditors. The largest unsecured claim, $5,097,145.97, is held by SCP Distributors Inc. Other listed unsecured creditors include Levitt Sheikh LLP at $1,376,276.00, tied to litigation reference CV-22-00690157-0000, and RioCan Yonge Eglinton Centre, which holds both a preferred claim for rent of $19,634.74 and a separate unsecured claim of $1,257,087.74.
A claims procedure has been established — see the order for deadlines.
Undated filings1 — no date appears on the document · show
Debtor
Discounter's Pool & Spa Warehouse Inc.
Trustee in bankruptcy
Schwartz Levitsky Feldman Inc.
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Scotiabank c/o Canaccede International Management Ltd. · in 39 casesBusiness Assets - Stock in Trade/Inventory (est. value $758,837.00); Business Assets - Machinery (est. value $10,000.00); Debts Due - Business - Accounts Receivable (est. value $4,500.00); total estimated value of security $773,337.00 — Claim bifurcated per security valuation: total claim $2,355,036.00, of which only $773,337.00 (estimated value of security) is secured; the balance of $1,581,699.00 is reported as unsecured and appears again in List A of unsecured creditors (item 25). — debtor: Discounter's Pool & Spa Warehouse Inc. · as of 29 Feb 2024 | $2.36M | Notice to Creditors |
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
32 more claims in 2 classes The stack holds Secured, Landlord preferred 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 |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Proof of Claim
| 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., “Discounter's Pool & Spa Warehouse Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/discounter-s-pool-spa-warehouse-inc