The officer filed a report. The debtor filed an NOI which failed for non-filing of a cash-flow statement and it was deemed bankrupt; the Trustee is recovering books and records and there is no ongoing operating business. Court file 21224.
Equity Capital Corp.
Follow- Proceeding
- BankruptcyParagraph 50.4(8)(b.1) of the Act
- File
- 21224
Equity Capital Corp., a Newfoundland and Labrador company, went into bankruptcy on April 10, 2017 under the Bankruptcy and Insolvency Act, with MNP Ltd. as trustee under estate file 21224 in the district of Newfoundland and Labrador. The Statement of Affairs sworn as at the date of bankruptcy put total assets at $243,456.18 against total liabilities of $584,255.59, a reported deficiency of $340,799.41, with no secured creditors, no preferred creditors and no contingent or other liabilities. The unsecured claims are dominated by 10804 NL Ltd. at $566,168.92, followed by Stantec Consulting Ltd at $12,675.65 and Tract Consulting Inc at $2,147.00; the Bank of Montreal, TD Bank, the Business Development Bank of Canada - Atlantic, Kent (St. John's) and Moscowitz Capital are each listed at $1.00. The estate remains active.
Second court officer report of the same date, recording April 10, 2017 as Equity Capital Corp.'s date of bankruptcy.
Source: Certificate of Assignment
Debtor
Equity Capital Corp.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | 10804 NL Ltd. · in 4 casesdebtor: Equity Capital Corp. · as of 10 Apr 2017 | $566K | Notice of Bankruptcy and First Meeting of Creditors |
Unsecured creditors: no distribution.EstimatedTrustee’s Report on Preliminary Administration · 28 Apr 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee’s Report on Preliminary Administration · 28 Apr 2017 |
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 |
|---|---|---|
Trustee’s Report on Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Assignment
| 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., “Equity Capital Corp.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/equity-capital-corp-bkr