National Squash Academy became bankrupt on 12 February 2016 in Ontario, under section 49 of the Bankruptcy and Insolvency Act, with The Fuller Landau Group Inc. serving as licensed insolvency trustee (estate no. 31-2087412). As at 12 February 2016, the statement of affairs recorded total assets of $108,500.00 against total liabilities of $2,186,840.46, a stated deficiency of $2,078,340.46. Unsecured creditors include Penguin Properties Incorporated at $1,257,253.31, Canada Lands Company at $284,677.97, and Victor Elmaleh at $163,250.00. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. NSA has ceased operations following termination of its lease; the Landlord secured the facility via a bailiff, and the Trustee is arranging access to inventory, photograph and eventually remove NSA's remaining assets while safeguarding books, records and insurance coverage. Court file Estate No. 31-2087412.
Source: Preliminary report to creditors
A court officer's report recorded the bankruptcy as effective 12 February 2016 at 10:55.
Source: Certificate of Appointment
1 earlier update, back to 12 February 2016 — subscribers.
1 filings carry no date on their face — subscribers.
Debtor
National Squash Academy
Trustee in bankruptcy
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesBusiness Assets - Machinery (2 all-glass squash courts; 8 glass panels; miscellaneous gym and electrical equipment); Debts Due - Business - CRA HST refund; Debts Due - Business - Account receivable; amount of claim registered $118,327.15, estimated value of security $108,500.00 — Loan #87573317-004 and Visa #451; balance of claim after applying estimated security value shown in List B — debtor: National Squash Academy Inc. · as of 12 Feb 2016 | $9.83K | Statement of Affairs |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Preliminary report to creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
Proof of Claim
| 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., “National Squash Academy” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/national-squash-academy
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/national-squash-academy
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.