#Order
The proposal was approved, some two months after filing, leaving the trustee to administer it against the $4,099,676.16 of unsecured claims recorded at commencement.
Source: Order Approving Proposal
Lazertherm Marketing Inc.
ActiveFollow
- Proceeding
- ProposalBankruptcy and Insolvency Act
- File
- 31-1418947
- Industry
- Manufacturing · Wood, paper & printing
OverviewSummary updated
Lazertherm Marketing Inc. filed a Division I proposal under the Bankruptcy and Insolvency Act on October 15, 2010 in the Ontario Superior Court of Justice, court file 31-1418947, with Meyers Norris Penny Limited as trustee. The Statement of Affairs sworn by Mark Defreitas put entity-level assets at $1,397,794.88 against liabilities of $5,497,471.04, a deficiency of $4,099,676.16 and no surplus, with unsecured claims led by Raflatac at $2,638,862.22, Mactac at $503,657.57 and Dynic USA Corporation at $222,665.52. Operating lender TD Commercial Banking, owed $746,018, had issued a section 244 notice of intention to enforce security on September 13, 2010; the ten-day period expired on September 23, 2010, so its position was not stayed by the proposal. The proposal was approved on December 13, 2010 and the proceeding remains active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
FormProof of Claim
Proceedings AIOpen Proceedings AI
Case updates4 dated entries · 1 undated
#Filing
Division I proposal filed with Meyers Norris Penny Limited as trustee, supported by a sworn Statement of Affairs listing secured claims including Business Development Bank at $343,704, GMAC at $207,619 and Styers Equipment at $131,952.
Source: Proposal October 15 2010
Undated filings1 — no date appears on the document · show
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Parties
Debtor
Lazertherm Marketing Inc.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD Commercial Banking (Toronto Dominion Bank) · in 3 casesas of October 15, 2010 — Operating Lender; TD Bank issued NOI to enforce security (s.244) on Sept 13, 2010, 10-day period expired Sept 23, 2010, so not stayed by Proposal; approximate figure stated in Trustee's Report as $746,000, exact figure per Statement of Affairs List B/Trustee's Report table is $746,018 — debtor: Lazertherm Marketing Inc. | $746K | Notice of Proposal to Creditors October 25 2010 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
80 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · sanctionedNotice of Proposal to Creditors October 25 2010 · 25 Oct 2010
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the debtor | Proposal October 15 2010 · 15 Oct 2010 |
| Unsecured | — | — | a distributionconditional | Under the plansanctionedper the trustee | Notice of Proposal to Creditors October 25 2010 · 25 Oct 2010 |
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.
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments5 filings
| Date | Document | File |
|---|---|---|
Order Approving Proposal
| PDF · Subscribers | |
Notice of Proposal to Creditors October 25 2010
| PDF · Subscribers | |
Proposal October 15 2010
| PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Lazertherm Marketing Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/lazertherm-marketing-inc