Ling's Selection Cosmetics Limited

Ling's Selection Cosmetics Limited filed an assignment in bankruptcy on July 31, 2024 under the BIA in Ontario, with MNP Ltd. acting as Licensed Insolvency Trustee under estate number 31-3110955. The company's Statement of Affairs reports liabilities of $276,191.40 CAD, comprising secured claims of $216,189.40, no preferred claims and unsecured claims of $60,002.00, against assets of $2,500.00 representing the estimated liquidation value of removable assets held by the director for safekeeping. The secured position is held by The Toronto-Dominion Bank under a security agreement over all of the company's assets registered under the PPSA; TD had not submitted a proof of claim as at the date of the trustee's report. No claims had been proven and filed as of August 18, 2024. The estate remains active.