NFCD
Follow- Proceeding
- BankruptcyParagraph 50.4(8)(b.1) of the Act
- File
- 32-3082683
Niagara Falls Craft Distillers Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act in Ontario, having filed an assignment on October 5, 2024. MNP Ltd. is acting as licensed insolvency trustee of the estate, which carries Estate/Court No. 32-3082683 at Hamilton. The Statement of Affairs on Form 78, e-signed by Andrew Murison on October 21, 2024, puts assets at $650,000.00 and liabilities at $8,930,346.57. The asset figure comprises machinery and equipment in the manufacturing division at $150,000.00 and a canning line at $500,000.00, with inventory and the remaining asset categories carried at nil realizable value. The estate administration remains active.
Niagara Falls Craft Distillers Ltd. filed an assignment on the 5th day of October 2024, placing the company into bankruptcy with MNP Ltd. as licensed insolvency trustee.
Source: Notice to creditors
Recorded October 5, 2024 as the date of bankruptcy, the reference date for the estate administered under Estate/Court No. 32-3082683 at Hamilton.
Source: Certificate of Appointment
Attributed the bankruptcy to the company's inability to meet its obligations, stating that NFCD was deemed bankrupt on that date.
Source: Trustee's Preliminary Report
Debtor
NFCD
Trustee in bankruptcy
MNP
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 22 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 22 Oct 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.
per SOA (Statement of Affairs) figures, not yet reviewed for admission · entity - Niagara Falls Craft Distillers Ltd. (the bankrupt estate) — Components per SOA: Secured $650,000.00, Unsecured $8,930,346.57. Claims as filed (as of 5:00 p.m. October 21, 2024) differ substantially: Secured Nil, Unsecured $188,883.46, Total $188,883.46. 'The above-noted claims have not yet been reviewed to admit the claims for distribution.'
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| ||
| Affidavit of Mailing | ||
Statement of Affairs - Form 78
| ||
| Tear sheet of the Newspaper Ad re: Notice of Bankruptcy and FMOC | ||
Notice to creditors
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “NFCD” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/nfcd