Healthchain Inc.
Follow- Proceeding
- NOIBIA s. 50.4
- File
- 31-2623988
Healthchain Inc. filed a Notice of Intention to Make a Proposal, with a creditor list dated February 28, 2020 naming one secured creditor, FCS Advisors LLC, though the filing recorded only a nominal $250 disclosure-threshold figure rather than an actual secured balance; FCS Advisors was repaid in full in December 2020 and Healthchain now carries no outstanding secured debt. The same list itemized unsecured claims totaling $1,529,000.00, including $500,000 each owed to REDDS Technology Fund 1, L.P. and REDDS Venture Investment Partners, LLC, $250,000 to Spacibo Inc., $125,000 to Ontario Centre of Excellence, and $50,000 each to Charlotte Schwartz, Globalive Capital Inc. and Said El Khouri, plus numerous smaller claims. A later report dated June 22, 2020 described the unsecured pool in aggregate terms as approximately $1.3 million owed to SAFE investors and approximately $225,000 owed to other creditors.
Motion Record of the Proposal Trustee Returnable October 14, 2020 — Application / notice of application
10 earlier updates, back to 6 May 2020 — subscribers.
Debtor
Healthchain Inc.
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 4 orders, Mar 2020 – Aug 2020 | 73 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Oct 2020 | 109 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorHealthchain Inc. | Weisz Fell Kour LLP · Brauti Thorning LLP | 5 Mar 2020 | Application · 7 Aug 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | FCS Advisors LLCReport states HealthChain had 'one secured creditor, FCS Advisors LLC' as at the Filing Date but does not state a specific secured balance (page 4). The NOI Form 33 creditor list (Appendix A) shows FCS Advisors LLC at $250.00, which appears to reflect the list's stated $250-minimum disclosure threshold rather than an actual secured balance. FCS Advisors was subsequently repaid in full in December 2020 (post-filing) and HealthChain has no outstanding secured debt as of the date of this report - security is DISCHARGED, not current. — debtor: Healthchain Inc. · as of 28 Feb 2020 | — | Second Report of the Proposal Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
FCS Advisors, LLC: paid in full.FinalMotion Record · 7 May 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | FCS Advisors, LLC | — | paid in full | Finalper the debtor | Motion Record · 7 May 2020 |
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.
| Date | Document | File |
|---|---|---|
Court Order – Dietrich J. October 14, 2020
| PDF · Subscribers | |
Court’s Endorsement
| PDF · Subscribers | |
| Motion Record of the Proposal Trustee Returnable October 14, 2020 | PDF · Subscribers | |
| Creditors’ Package – Proposal | PDF · Subscribers | |
Court Order of Justice Koehnen
| PDF · Subscribers | |
Motion Record Returnable August 7, 2020
| PDF · Subscribers | |
Court Order of Justice Koehnen – June 25 2020
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Endorsement of Justice Koehnen
| PDF · Subscribers | |
Motion Record Returnable May 7, 2020
| PDF · Subscribers | |
Order of Justice Koehnen
| PDF · Subscribers | |
| Certificate for the Notice of Intention | PDF · Subscribers | |
| Notice of Intention to Make a Proposal | 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., “Healthchain Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/healthchain-inc