Eco Burn Inc.
Follow- Proceeding
- ProposalSection 58 of the Bankruptcy and Insolvency Act
- File
- 32-2758560
Eco Burn Inc. filed a Proposal on August 12, 2021 under section 58 of the Bankruptcy and Insolvency Act, with Grant Thornton Limited acting as Proposal Trustee before the Ontario Superior Court of Justice. A sworn Statement of Affairs as at August 9, 2021 reported total liabilities of $880,191 against total assets of $1,013,404, with an estimated realizable value of $125,262 under a liquidation scenario. Royal Bank of Canada holds a $250,000 secured claim, confirmed valid and enforceable by independent legal opinion and unaffected by the Proposal, while the Canada Revenue Agency's deemed trust claim for source deduction arrears is estimated at $23,000. The matter remains active.
A claims procedure has been established — see the order for deadlines.
6 earlier updates, back to 12 August 2021 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Debtor
Eco Burn Inc.
Proposal trustee
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorKim Ferreira | Speigel Nichols Fox LLP | 4 Oct 2021 | Application · 4 Oct 2021 |
| CreditorMichael Semec | Cassels Brock & Blackwell LLP | 4 Oct 2021 | Application · 4 Oct 2021 |
| CreditorRoyal Bank of Canada | Minden Gross LLP | 4 Oct 2021 | Application · 4 Oct 2021 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 556 casesSecurity over the Debtor's personal property, assets and undertakings (PPSA registration, Ontario) — Stated as approximate amount, inclusive of interest and fees, per sworn Statement of Affairs; only known secured creditor per PPSA registration search; not affected by the Proposal; independent legal opinion confirmed security valid and enforceable against a trustee in bankruptcy. — debtor: Eco Burn Inc. · as of 9 Aug 2021 | $250K | Trustee's First Report to Court dated September 27, 2021.pdf |
Unsecured creditors: a distribution.Under the plan · sanctionedTrustee's First Report to Court dated September 27, 2021.pdf · 27 Sep 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the proposal trustee | Trustee's First Report to Court dated September 27, 2021.pdf · 27 Sep 2021 |
| Unsecured | — | — | a distribution | Under the plansanctionedper the proposal trustee | Trustee's First Report to Court dated September 27, 2021.pdf · 27 Sep 2021 |
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
Professional fees to date
$40K
As at 18 Oct 2021Supplementary Report to Court dated October 18, 2021 (incl. appendices).pdf
| Date | Document | File |
|---|---|---|
| Endorsement dated December 21, 2021.pdf | PDF · Subscribers | |
| Order Approving the Proposal dated December 21, 2021.pdf | PDF · Subscribers | |
| Endorsement dated November 2, 2021.pdf | PDF · Subscribers | |
Supplementary Report to Court dated October 18, 2021 (incl. appendices).pdf
| PDF · Subscribers | |
| Endorsement dated October 4, 2021.pdf | PDF · Subscribers | |
Motion Record of the Proposal Trustee - Approval of Proposal - Returnable October 4, 2021.pdf
| PDF · Subscribers | |
Trustee's First Report to Court dated September 27, 2021.pdf
| PDF · Subscribers | |
Certificate Of Filing - 32-2758560.pdf
| PDF · Subscribers | |
| Proposal - Aug 12, 2021.pdf | PDF · Subscribers | |
| Proof of Claim.pdf | PDF · Subscribers | |
| Proxy Form.pdf | PDF · Subscribers | |
| Voting Form.pdf | 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., “Eco Burn Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/eco-burn-inc