Golden Leaf Plastics Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3104680
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.
Debtor
Golden Leaf Plastics Inc.
Trustee in bankruptcy
Crowe Soberman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
30 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
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CiteProceedings., “Golden Leaf Plastics Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/golden-leaf-plastics-inc