Proceedings.

London Business Machines Inc

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Proceeding
BankruptcyBankruptcy and Insolvency Act
File
35-3034759
Filings held3
Last activity14 Feb 2024
On the record1,017 days
OverviewSummary updated

London Business Machines Inc. is in bankruptcy under the Bankruptcy and Insolvency Act in Ontario, with MNP Ltd. as trustee, under court file 35-3034759. The bankruptcy dates from January 25, 2024, when the meeting of creditors was held. The trustee reports that there are no creditors with security registered on the Ontario Personal Property Security Registry, and that deemed trust claims and secured and preferred claims are nil both per the Statement of Affairs and as proven. Liabilities per the Statement of Affairs total $139,555, all unsecured, while proofs of claim proven to date total $120,934. No individual creditors are named. The proceeding remains active.

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Case updates3 dated entries
#Claims

Meeting of creditors held on the 25th day of January 2024, the date from which the bankruptcy of London Business Machines Inc. runs, with MNP Ltd. as trustee.

Source: Creditors Package

Parties

Debtor

London Business Machines Inc

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
UnsecuredUnsecured creditors (aggregate as reported) · in 563 casesas of Statement of Affairs — Document names no individual creditors; proofs of claim proven to date total $120,934 (labelled as proven amount, separate from Statement of Affairs figure) — debtor: London Business Machines Inc.$140KPreliminary Report of Trustee
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedPreliminary Report of Trustee · 14 Feb 2024

ClassCreditorClaimsRecoveryBasisSource
Unsecured—provenno distributionEstimatedper the trusteePreliminary Report of Trustee · 14 Feb 2024

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.

1 blurred figure above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived
Total liabilities at filing

As at ·

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents3 filings
DateDocumentFile
Preliminary Report of Trustee
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 25 January 2024
  • Court file no 35-3034759
  • + 7 more extracted facts
PDF · Subscribers
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 25 January 2024
  • Court file no 35-3034759
  • + 1 more extracted fact
PDF · Subscribers
Creditors Package
  • Commencement date 25 January 2024
  • Court file no 35-3034759
  • Province Ontario
  • Financial position Subscribers
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., “London Business Machines Inc” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/london-business-machines-inc

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/london-business-machines-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.