Metroline Research Group Inc

Metroline Research Group Inc. went into bankruptcy in Ontario on December 29, 2023 at 13:00, under estate file 35-3026367, with MNP Ltd. acting as trustee. The Statement of Affairs puts claims across the deemed trust, secured, preferred and unsecured classes at $270,300, comprising a CIBC secured claim of $117,031 registered against all of the company's assets under the Ontario PPSA, preferred claims of $11,038, unsecured claims of $142,231 and nil in the deemed trust class. Proofs of claim filed to date total $47,619; CIBC has not filed a proof of claim, and no amount has been proven in the secured or preferred classes. Service Canada asserts a super priority charge over current assets of an estimated $11,000 for unpaid wages and vacation pay under the Wage Earner Protection Program. Accounts receivable of $329,658 at book value are broken down as $130,015 expected collectible and $199,644 doubtful, with $32,219 collected to date. The estate remains active.