#Order
Certificate of Appointment was filed. Court file 11-3087965.
Source: Certificate of Appointment
Makota Online Inc.
ActiveFollow
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3087965
Filings held2
Last activity3 Jun 2024
On the record885 days
OverviewSummary updated
Makota Online Inc., trading as Emerald City Games, became bankrupt at 10:54 on June 3, 2024 under section 49 of the Bankruptcy and Insolvency Act, with Crowe Mackay & Company Ltd as licensed insolvency trustee of the British Columbia estate, file number 11-3087965. The Statement of Affairs as at May 31, 2024 shows total assets of $58,039.26 against total liabilities of $5,698,038.55 and states a deficiency of $5,639,999.29. The Canada Revenue Agency's claim of $3,550,778.14 dominates the secured list, followed by $523,000.00 to the Royal Bank of Canada, $265,000.00 to uLoan Solutions and $145,061.95 to the Business Development Bank of Canada, each of those three carried at an estimated security value of $0.00. Wage claims of $2,000.00 for each of 46 employees make up $92,000.00 of preferred claims.
Proceedings AIOpen Proceedings AI
Case updates2 dated entries
Parties
Debtor
Makota Online Inc.
Trustee in bankruptcy
Crowe MacKay
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA · in 44 casesOther - GST; Cash on Hand - Cash - USD - RBC USD; Other - Office Equipment; Other - Tax Credits FY23 (IDMTC + SRED) — Amount of claim listed as $3,608,817.40 in security detail table but balance of claim is $3,550,778.14 per List B totals and Statement of Affairs List A; deemed trust class not explicitly stated but CRA claim included as secured claim per trustee's List B — debtor: Makota Online Inc. dba Emerald City Games · as of 31 May 2024 | $3.55M | Notice of Bankruptcy |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) |
74 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
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See all plansDocuments2 filings
| Date | Document | File |
|---|---|---|
Certificate of Appointment
| PDF · Subscribers | |
Notice of Bankruptcy
| 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., “Makota Online Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/makota-online-inc