#Claims
The company filed an assignment on February 8, 2024, placing it into bankruptcy under the BIA in Ontario as estate file no. 31-3040683.
Megaocean International Group Inc.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3040683
Filings held3
Last activity8 Feb 2024
On the record956 days
OverviewSummary updated
Megaocean International Group Inc. filed an assignment in bankruptcy on February 8, 2024, commencing proceedings under the Bankruptcy and Insolvency Act in Ontario under estate file no. 31-3040683. The Office of the Superintendent of Bankruptcy issued a Certificate of Appointment the same day naming MNP Ltd. as Licensed Insolvency Trustee. A PPSA search against the company's current and former name disclosed no registered secured creditors, and the Statement of Affairs reported no secured or preferred claims. Unsecured claims are reported at $60,000, and claims filed to February 27, 2024 total the same amount, TD Bank having submitted the sole proof of claim received to that date. The trustee has recovered $1,207.93 in bank funds from TD Bank. The estate remains active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
The Office of the Superintendent of Bankruptcy issued a Certificate of Appointment naming MNP Ltd. as Licensed Insolvency Trustee of the estate.
#Report
Further court officer's report fixed the commencement of the proceeding precisely at 07:45 on February 08, 2024.
Source: Certificate of Appointment
Parties
Debtor
Megaocean International Group Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual unsecured creditors except TD Bank, which filed the sole proof of claim received to date; document states no secured or preferred claims (Nil). — debtor: Megaocean International Group Inc. · as of 27 Feb 2024 | $60K | Trustee's Preliminary Report to Creditors |
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report to Creditors · 27 Feb 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report to Creditors · 27 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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| ||
Creditor's Package for filing the Proof of claim
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Megaocean International Group Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/megaocean-international-group-inc