#Claims
Claims process approved on the 16th day of July 2024, opening the estate of Golden Leaf Plastics Inc. to creditor claims under Crowe Soberman Inc. as trustee.
Source: Notice of Bankruptcy
Golden Leaf Plastics Inc.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3104680
OverviewSummary updated
Golden Leaf Plastics Inc. has been in bankruptcy in Ontario since July 16, 2024, with Crowe Soberman Inc. as trustee under estate no. 31-3104680. The statement of affairs, as stated and estimated by the officer at July 15, 2024, shows total assets of $93,400.00 against total liabilities of $1,355,242.98, leaving a deficiency of $1,261,842.98. BMO Financial Group holds a $250,000.00 claim secured on machinery valued at $58,600.00, and Scotiabank a $48,261.28 claim secured on a 2020 Jeep Wrangler valued at $35,800.00. The largest unsecured claims are Transcontientele Inc. at $294,997.00, Business Development Bank of Canada at $228,971.24 and Polyglobe at $176,984.18.
Case updates1 dated entry
Parties
Debtor
Golden Leaf Plastics Inc.
Trustee in bankruptcy
Crowe Soberman
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | BMO Financial Group c/o BankruptcyHighway.com (Loan) · in 24 casesBusiness Assets - Machinery (multiple items: 4KS Extruders, Wicket Bag Machines, Cutting Bag Machines, PTO Bag Machine, spare parts, Chinese Extruder, Garage Bag Machine, KS Recycle Machine, Office Furniture, Big/Small Compressor, Mixer Material), given 20-Mar-2000 (one item 20-Mar-2022); amount of claim $250,000.00; estimated value of security items totaling $58,600.00 — Amount of claim stated as $250,000.00 (facility/registered claim amount); balance of claim after security value is $192,400.00, used here as balance — debtor: Golden Leaf Plastics Inc. · as of 15 Jul 2024 | $192K | Notice of Bankruptcy |
30 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents1 filing
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| 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., “Golden Leaf Plastics Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/golden-leaf-plastics-inc