Flare Skate Blade Ltd.

Flare Skate Blade Ltd., a corporate bankrupt, filed a Statement of Affairs as at June 22, 2026 showing total assets of $10,000.00 against total liabilities of $2,118,537.28, leaving a reported deficiency of $2,108,537.28. Secured creditors, preferred creditors and contingent claims were each listed at $0.00. The unsecured pool includes trade payables to counsel and suppliers, a $60,000 CEBA-related claim from CIBC c/o FCT Default Solutions, a $23,041.22 CRA tax claim recorded outside the priority category, and a series of shareholder loans, the largest being four separate claims from shareholder/director James Stuart totalling well over a million dollars.