Landzi Inc.

Landzi Inc., an Ontario corporation, is in bankruptcy under section 49 of the Act and Rule 85, with MNP Ltd. / MNP Ltée acting as Licensed Insolvency Trustee under estate file 33-3189162. The proceeding commenced on February 20, 2025. The statement of affairs, as stated and estimated by the debtor as at February 19, 2025, reports total assets of $1.00 against total liabilities of $231,786.00, a deficiency of $231,785.00, and no secured creditors. Unsecured claims include $174,129.00 for corporate income tax and $16,657.00 for GST/HST owing to CRA, both described as deemed trust class per CRA's claim though not marked as priority on the schedule, together with $16,000.00 and $10,000.00 owing to RBC on a Visa account and an operating line, and $15,000.00 to BMO Financial Group on a Mastercard account. The matter remains active.