#Filing
Heaven Fresh Canada became bankrupt under paragraph 50.4(8)(b.1) of the BIA, placing its estate with MNP Ltd. as licensed insolvency trustee in Mississauga.
Heaven Fresh Canada Inc
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 32-2274873
Filings held14
Last activity26 Oct 2017
On the record3,252 days
Secured debt$100K
OverviewSummary updated
Heaven Fresh Canada Inc., a Mississauga, Ontario distributor of air purifiers and consumer products, became bankrupt on October 26, 2017 under paragraph 50.4(8)(b.1) of the Bankruptcy and Insolvency Act, with MNP Ltd. as licensed insolvency trustee under estate no. 32-2274873. The Form 78 statement of affairs, sworn November 3, 2017 by vice-president Mohammad Kamal Anwar, put assets at $89,334.13 against liabilities of $1,228,743.63, a deficiency of $1,139,409.50. Inventory carried at an original cost of $195,730.16 was valued at $65,000.00. Secured claims of $187,013.95 were asserted against security valued at $89,334.13 by RBC on a $100,000.00 line of credit, Thinking Capital for $82,013.95 against security valued at nil, and Danby for $5,000.00. The largest unsecured claims were Greatest Dragon of Hong Kong at $245,542.57, BDC at $223,434.00 and Indoor Purification Systems at $189,869.89. The estate remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates14 dated entries
#Report
Bankruptcy dated October 26, 2017; the sworn statement of affairs reported $89,334.13 of assets against $1,228,743.63 of liabilities and a $1,139,409.50 deficiency.
Source: Certificate of Appointment
#Claims
Creditor position fixed as at the bankruptcy date: secured claims of $187,013.95 against security valued at $89,334.13, and unsecured claims of $1,041,729.68.
#Filing
Motion Record Returnable, October 4, 2017, (Stay Extension Motion) — Application / notice of application
#Order
Court Order of Justice Mesbur (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017 was filed.
#Order
Endorsement (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017 — Endorsement / reasons
#Filing
Motion Record Returnable August 4, 2017 (Approval of DIP, Sales process, Stay Extension) — Application / notice of application
#Order
Typescript Endorsement (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017 — Endorsement / reasons
Parties
Debtor
Heaven Fresh Canada Inc
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | RBC Line of CreditList “B”: inventory $65,000.00; accounts receivable $10,975.00; patents & domain names $5,000.00; PayPal $1,578.80; cash in bank - RBC $884.37; cash in bank - CIBC $895.96 — estimated value $84,334.13; balance of claim $15,665.87. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $100K | Statement of Affairs dated November 3, 2017 |
| 4 | Secured | Thinking Capital · in 5 casesList “B”: cash in bank - RBC, PayPal, accounts receivable and patents & domain names, all valued at $0.00; balance of claim $82,013.95. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $82K | Statement of Affairs dated November 3, 2017 |
| 4 | Secured | DanbyCash in bank - CIBC, valued at $5,000.00 (List “B”). — Danby also holds a $108,475.13 unsecured claim. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $5K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Greatest DragonCreditor located in North Point, Hong Kong per the list. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $246K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | BDC · in 44 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $223K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Indoor Purification Systemsdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $190K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | DanbyDanby also holds a List “B” secured claim of $5,000.00. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $108K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Thinking Capital · in 5 casesList “A” shows unsecured claim $0.00 with balance of claim $82,013.95 — its entire List “B” secured claim, whose security is valued at $0.00. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $82K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Wells Fargo · in 14 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $40K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Glory Plazadebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $36K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Softech SystemsCreditor located in Lahore, Pakistan per the list. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $24.7K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Alive Prodebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $22.4K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Javaid KhanIndividual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $21.8K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Seyed MiriIndividual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $20K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Shanhai Neo TecCreditor located in Shanghai, China per the list. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $17.1K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | RBC Line of CreditList “A” shows unsecured claim $0.00 with balance of claim $15,665.87 — the shortfall of its $100,000.00 List “B” secured claim. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $15.7K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | RBC Royal Bank Visa (2 Accounts (1842)(8163)) · in 24 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $14.1K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | RBC CANADAdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $14K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Zhaohui Tang (Aqua Solutions Equipment Inc.)Individual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $9.32K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Xiaoqing Sheng (Aqua Solutions Equipment Inc.)Individual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $9.32K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | TD Canada Trust · in 55 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $8.97K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Tariq MalikIndividual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $6K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Allseen Alliancedebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $5.28K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Master Card ((2) 6456 and 6464) · in 2 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $4.57K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | RBC Royal Bank Visa (2 Accounts (1867)(8148)) · in 24 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $3.91K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Imran BashirIndividual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $2.95K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | UPS Canada · in 92 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $2K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Canada Post · in 32 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1.86K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Trans-Ontario Expressdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1.76K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | DHL · in 4 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1.29K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Hurondebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1.16K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Siber Circuitsdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1.08K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | LD Bookkeepingdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $1K | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Future Mgmtdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $919 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Wires Lawdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $827 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Lodestardebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $570 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Commerce Hub · in 2 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $536 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Delmar · in 2 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $251 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Adams ManningIndividual creditor. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $245 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Bell Canada · in 298 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $139 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Enbridge Gas Distribution - Ontario · in 54 casesdebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $131 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | CRA - Canada Revenue Agency - Tax - Ontario (Employee Deductions) · in 15 casesCrown claim. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $124 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | Primus Telecommunications Canada Incorporateddebtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $94 | Statement of Affairs dated November 3, 2017 |
| 8 | Unsecured | CRA - Canada Revenue Agency - Tax - Ontario (HST on Imports) · in 15 casesCrown claim. — debtor: Heaven Fresh Canada Inc. · as of 26 Oct 2017 | $22 | Statement of Affairs dated November 3, 2017 |
Sale processAs stated in the filings
Successful bid selected — negotiations ongoing with the chosen Qualifying Bidder; no agreement reached yetSecond Report to Court, October 3, 2017 · 3 Oct 2017
Estate financialsReported figures — never derived
Total assets at filing$89.3K
Total liabilities at filing$1.23M
As at 26 Oct 2017 · per Form 78 Statement of Affairs, as stated and estimated by the officer, sworn November 3, 2017. · Heaven Fresh Canada Inc. (entity level) — Assets $89,334.13: inventory $65,000.00 (original cost $195,730.16); accounts receivable (good) $10,975.00; cash $8,359.13 (RBC $884.37, CIBC $5,895.96, PayPal $1,578.80); patents & domain names $5,000.00. Liabilities $1,228,743.63: unsecured $1,041,729.68; balance of secured claims $97,679.82; secured $89,334.13; no preferred or contingent. Deficiency $1,139,409.50. Air purifier and consumer products distributor, Mississauga, Ontario.
Documents
14 filings
| Date | Document | File |
|---|---|---|
Statement of Affairs dated November 3, 2017
| ||
Notice of Bankruptcy and First Meeting of Creditors
| ||
Certificate of Appointment
| ||
Endorsement of Justice Conway dated October 4, 2017
| ||
| Motion Record Returnable, October 4, 2017, (Stay Extension Motion) | ||
Order of Justice Conway, dated October 4, 2017
| ||
Typescript Endorsement Justice Conway, dated October 4, 2017
| ||
Second Report to Court, October 3, 2017
| ||
Court Order of Justice Mesbur (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017
| ||
| Endorsement (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017 | ||
| Motion Record Returnable August 4, 2017 (Approval of DIP, Sales process, Stay Extension) | ||
Typescript Endorsement (Approval of DIP, Sales Process and Stay Extension) dated August 4, 2017
| ||
| Creditor Mailing Package - Notice of Intention to Make a Proposal | ||
| Certificate of Filing (Notice of Intention to Make a Proposal) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Heaven Fresh Canada Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/heaven-fresh-canada-inc