Interactive Vacation Rentals Inc

Interactive Vacation Rentals Inc. is in bankruptcy under the BIA before the Ontario Superior Court of Justice, with proceedings recorded as commencing November 13, 2024 under court files 35-3152737 and BK- 24-00000015-0T35. MNP Ltd. acts as trustee; Royal Bank of Canada is the applicant. The Statement of Affairs, as stated and estimated by the debtor as at October 23, 2024, reports total assets of $1.00 against total liabilities of $1,502,360.00 and a deficiency of $1,502,360.00. Bruce Community Futures Development Corporation is listed as a secured creditor for $557,143.00 in the creditor mailing list, though the summary totals show $0.00 on the secured line, a discrepancy the statement does not reconcile. Unsecured claims include Royal Bank of Canada at $324,843.00, CRA payroll taxes at $283,990.00 and CRA Ontario HST at $55,058.00, alongside employee wage and RRSP claims.