Masterfile Corporation
- Proceeding
- ProposalSection 59(1) and paragraph 58(d) of the Act
- File
- 31-2237153
Masterfile Corporation has been in a Division I proposal since April 5, 2017, filed under section 50(5) of the Bankruptcy and Insolvency Act with MNP Ltd. as Trustee, before the Ontario Superior Court of Justice (in Bankruptcy) under court file 31-2237153. The proceeding remains active. The Statement of Affairs (Business Proposal) sworn by president Steven Pigeon on April 5, 2017 puts total assets at $424,864.00 against total liabilities of $3,971,855.29, a deficiency of $3,546,991.29, with the surplus line shown as NIL. Secured creditors per list "B" total $35,001.00 and are recorded as fully secured, leaving no shortfall to fall into the unsecured pool. Preferred claims per list "C" come to $53,349.98, and unsecured claims are reported in the aggregate at $3,883,504.31. Contingent, trust and other liabilities per list "D" are estimated as reclaimable for $0.00.
A claims procedure has been established — see the order for deadlines.
Undated filings4 — no date appears on the document · show
Debtor
Masterfile Corporation
Proposal trustee
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured creditors as per list "B" (unnamed) · in 7 casesStatement of Affairs reports secured creditors per list "B" totalling $35,001.00; balance of secured claims per list "B" shown separately as $0.00 (fully secured, no shortfall to unsecured pool). Individual creditor names not stated on these pages. — debtor: Masterfile Corporation · as of 5 Apr 2017 | $35K | Notice of Proposal dated April 11 2017 |
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Under the plan · vote pendingSecond Report of Trustee on Proposal · 17 Dec 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planvote pendingper the trustee | Second Report of Trustee on Proposal · 17 Dec 2018 |
| Unsecured | Related Creditors | — | no distribution | Under the planvote pendingper the trustee | Second Report of Trustee on Proposal · 17 Dec 2018 |
| Unsecured | — | estimated | conditional | Under the planvote pendingper the trustee | Report of Trustee to the Creditors · 11 Apr 2017 |
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.
3 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs 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 plans| Date | Document | File |
|---|---|---|
| Interim Statement of Receipts and Disbursements dated April 30 2019 | PDF · Subscribers | |
| Supplementary Second Report on Proposal dated January 18, 2019 | PDF · Subscribers | |
Second Report of Trustee on Proposal dated December 17 2018
| PDF · Subscribers | |
Report of Trustee on Proposal dated May 12, 2017
| PDF · Subscribers | |
Notice of Proposal dated April 11 2017
| PDF · Subscribers | |
Report of Trustee to the Creditors dated April 11, 2017
| PDF · Subscribers | |
| Certificate of Filing | PDF · Subscribers | |
Proposal dated April 5, 2017
| PDF · Subscribers | |
| Electronic Consent Payment Form | PDF · Subscribers | |
| Form 31 - Proof of Claim Form | PDF · Subscribers | |
| Form 36 - Proxy Form | PDF · Subscribers | |
| Form 37 - Voting Letter | 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., “Masterfile Corporation” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/masterfile-corporation