Jakal Trading Co. Limited filed an assignment in bankruptcy on August 19, 2025, placing the company into a bankruptcy proceeding under the Bankruptcy and Insolvency Act in Ontario under court file number 31-3261456. The record fixes the date and time of bankruptcy as August 19, 2025 at 14:12. The proceeding remains active. No further steps, claims information or realization activity have been recorded on the file beyond the commencement documents.
The officer filed report no. Trustee's Preliminary Report to Creditors on the Bankruptcy Administration. The Company, a ladies wear retailer, ceased operations in January 2025 after its director stopped funding operating losses; the Trustee has taken possession of records but not the remaining inventory, and no distribution to unsecured creditors is currently anticipated. Court file 31-3261456.
The reported particulars fix the moment of bankruptcy at 14:12 on August 19, 2025.
Source: Certificate of Appointment
Debtor
Jakal Trading Co. Limited
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD Canada Trust c/o FCT Default Solutions · in 53 casesas of date of bankruptcy (August 19, 2025) — Identified as the sole 'Secured' creditor on the Creditor Mailing List (original p.3); the Statement of Affairs (Form 78) reports total secured creditors of $1,000.00 as at the bankruptcy date, but the List of Liabilities detail page (original p.12) shown does not display this creditor by name (only a zero-value unsecured row for WSIB is visible on that page, with the aggregate totals of $1,000.00 secured / $467,185.08 unsecured / $468,185.08 total carried at the bottom). — debtor: Jakal Trading Co. Limited | $1K | Notice of Bankruptcy - Affidavit of Mailing |
| 8 | Unsecured | Business Development Bank of Canada · in 241 casesRelated to litigation matter CV-25-0001597-0000 — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $242K | Notice to Creditors |
| 8 | Unsecured | TD Canada Trust c/o FCT Default Solutions - HASCAP (unsecured portion)Claim bifurcated: total $68,838.00, of which $1,000.00 is secured against Asset 1101 (see secured_creditors); this $67,838.00 is the unsecured deficiency portion, stated deficiency figure -$67,838.00 — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $67.8K | Notice to Creditors |
| 8 | Unsecured | Export Development Canada · in 99 casesCEBA Loan — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $60K | Notice to Creditors |
| 8 | Unsecured | Scotiabank Visa c/o Canaccede International Management Ltd. · in 21 casesdebtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $58.1K | Notice to Creditors |
| 8 | Unsecured | TD Canada Trust c/o FCT Default Solutions - OverdraftBank overdraft, no real property mortgage — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $39.5K | Notice to Creditors |
| 8 | Unsecured | Garfin Zeidenberg LLPRelated to litigation matter CV-25-0001597-0000; amount shown as $0.00 with 'placeholder' box checked, indicating value is for notification only (amount not yet determined) — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $0 | Notice to Creditors |
| 8 | Unsecured | Workplace Safety and Insurance Board · in 164 casesNature of liability listed as 'AP' (accounts payable); amount shown as $0.00 with 'placeholder' box checked, indicating value is for notification only (amount not yet determined) — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $0 | Notice to Creditors |
| 8 | Unsecured | Canada Revenue Agency - GST/HST · in 3 casesAmount shown as $0.00 with 'placeholder' box checked, indicating value is for notification only (amount not yet determined); CRA claim identified by RT0001/RC0001/RP0001 program accounts. Deemed-trust class claim; amount unknown at filing. — debtor: Jakal Trading Co. Limited · as of 19 Aug 2025 | $0 | Notice to Creditors |
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report dated · 5 Sep 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee's Preliminary Report dated · 5 Sep 2025 |
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.
As at 19 Aug 2025 · per as stated and estimated by bankrupt/debtor (Form 78 Statement of Affairs) · entity - Jakal Trading Co. Limited (the bankrupt corporation) — Statement of Affairs shows a deficiency of $467,185.08 (assets $1,000.00 vs. liabilities $468,185.08, comprising secured creditors $1,000.00, preferred creditors/priorities $0.00, and unsecured creditors $467,185.08).
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report dated
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| Tear sheet of Newspaper ad | ||
Notice of Bankruptcy - Affidavit of Mailing
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Notice to Creditors
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Certificate of Appointment
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Jakal Trading Co. Limited” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/jakal-trading-co-limited
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/jakal-trading-co-limited
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.