#Claims
A claims process was approved on September 25, 2024 in the estate of Galaxy Group of Companies Incorporated, administered by Crowe Soberman Inc. as trustee.
Source: Notice of Bankruptcy
Galaxy Group of Companies
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 32-3132853
Filings held2
Last activity25 Sep 2024
On the record728 days
OverviewSummary updated
Galaxy Group of Companies Incorporated became bankrupt on September 25, 2024 under subsection 102(1) of the Act, with Crowe Soberman Inc. as trustee of the Ontario estate. A statement of affairs as at September 18, 2024, sworn by Michael Freeman on September 21, put total assets at $402,371.37 against total liabilities of $1,640,182.77, comprising $879,916.82 secured and $760,265.95 unsecured, and reported a deficiency of $1,237,811.40. The Canada Revenue Agency holds the largest claims, $669,261.13 secured for corporate tax and $369,497.00 unsecured for HST. Mike Freeman is owed $240,000.00 on a shareholder loan, LIUNA Local 506 $120,000.00 in union dues and Sunbelt Rentals of Canada Inc. $90,653.69 on equipment rental.
Case updates2 dated entries
Parties
Debtor
Galaxy Group of Companies
Trustee in bankruptcy
Crowe Soberman
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | CRA - Tax - Ontario · in 252 casesAsset securing liability: Deposits in financial institutions (item 101) and Accounts receivable (item 1301) — Corporate tax debt; deemed trust / secured claim as listed in Statement of Affairs; estimated deficit from security -266,893.76 — debtor: Galaxy Group of Companies Incorporated · as of 12 Jul 2024 | $669K | Notice of Bankruptcy |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| PDF · Subscribers | |
Preliminary Report
| 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., “Galaxy Group of Companies” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/galaxy-group-of-companies