Lifeforia Wellness Incorporated
Follow- Proceeding
- Bankruptcysection 147 of the Act
- File
- 33-2316489
Lifeforia Wellness Incorporated became bankrupt on November 17, 2017 at 15:04 under the BIA in Ontario, with MNP LTD. as trustee under estate number 33-2316489. The Statement of Affairs prepared as at that date puts total assets at $1,475,000.00 against total liabilities of $2,227,279.00, a stated deficiency of $752,279.00. Business Development Bank of Canada - Ottawa West holds a claim of $1,423,237.00 secured, since January 1, 2017, on the building and land at 390 McNabb Street in Sault Ste. Marie, valued at $1,348,237.00, and on machinery, spa equipment and furniture valued at $75,000.00; the City of Sault Ste Marie holds security on the same property valued at $50,000.00. Unsecured claims include $445,000.00 owing to Northern Ontario Heritage Fund Corp. and $288,000.00 to the Canada Revenue Agency. The estate remains active.
Fixed the bankruptcy at 15:04 on November 17, 2017 and set out assets of $1,475,000.00, liabilities of $2,227,279.00 and a $752,279.00 deficiency, with no preferred, contingent or other listed claims.
Source: Certificate of Appointment
2 earlier updates, back to 17 November 2017 — subscribers.
Debtor
Lifeforia Wellness Incorporated
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada - Ottawa West · in 8 casesBusiness Assets - Machinery, Spa equipment and furniture (estimated value $75,000.00); Real property or immovable - Building and Land - Sault Ste Marie - 390 McNabb Street (estimated value $1,348,237.00) — When given: 01-Jan-2017; estimated surplus from security $1,763.00; balance of claim $0.00 — debtor: Lifeforia Wellness Incorporated · as of 17 Nov 2017 | $1.42M | Notice of Bankruptcy and First meeting of creditors |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Final Statement of Receipts and Disbursements
| PDF · Subscribers | |
| Minutes of a Subsequent meeting of creditors | PDF · Subscribers | |
First Meeting of Creditors and Trustee Preliminary Report
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Notice of Bankruptcy and First meeting of creditors
| 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., “Lifeforia Wellness Incorporated” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/lifeforia-wellness-incorporated