JLA Electric Wholesale and Distribution Inc.
Follow- Proceeding
- BankruptcySection 67(b), of the Bankruptcy and Insolvency Act
- File
- 32-2940170
JLA Electric Wholesale and Distribution Inc. has been bankrupt since May 3, 2023, when it filed or was deemed to have filed an assignment, with MNP Ltd. acting as trustee under court file 32-2940170 in Ontario. The estate is administered on the basis of section 67(b) of the Bankruptcy and Insolvency Act. Royal Bank of Canada held general security registered against all of JLA's assets; as at the date of bankruptcy the trustee was advised the RBC debt had been repaid in full and the security discharged, and RBC has filed no claim. The Statement of Affairs records unsecured claims of $356,618, against which proofs of claim totalling $14,324 have been received to date. The proceeding remains active.
JLA filed or was deemed to have filed an assignment, or a bankruptcy order was made against it, on May 3, 2023, opening the estate under MNP Ltd.
Source: Creditors Package
Court officer report filed on the commencement date, recording that an assignment was made on May 3, 2023, and opening the file.
Source: Preliminary Report of Trustee
Debtor
JLA Electric Wholesale and Distribution Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 556 casesas of date of bankruptcy (May 3, 2023) — General security registered against all assets of JLA — Advised the RBC debt has been repaid in full; discharged/repaid security, no longer current; no claim received to date — debtor: JLA Electric Wholesale and Distribution Inc. | — | Preliminary Report of Trustee |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual creditors; claims received to date total $14,324 (proofs filed, labelled separately) — debtor: JLA Electric Wholesale and Distribution Inc. | $357K | Preliminary Report of Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: 25 %.EstimatedPreliminary Report of Trustee · 23 May 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | 25 % | Estimatedper the trustee | Preliminary Report of Trustee · 23 May 2023 |
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 |
|---|---|---|
Preliminary Report of Trustee
| ||
Certificate of Appointment
| ||
Creditors Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “JLA Electric Wholesale and Distribution Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/jla-electric-wholesale-and-distribution-inc