Proceedings.

NISurplus Inc

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Proceeding
BankruptcySection 67(b), of the Bankruptcy and Insolvency Act
File
35-2905338
Filings held2
Last activity27 Jan 2023
On the record1,333 days
OverviewSummary updated

NISurplus Inc. has been in bankruptcy in Ontario since January 27, 2023, with MNP Ltd. acting as Licensed Insolvency Trustee under section 67(b) of the Bankruptcy and Insolvency Act. The estate is administered under court file numbers 32-2905338 and 35-2905338 and remains active. The Statement of Affairs reports unsecured creditors in the aggregate amount of $162,117, and proven claims to date stand at nil. No secured creditors are registered against the company on the Ontario Personal Property Security Registry; Loop Funding Inc. holds a general security interest registered on the Alberta Personal Property Registry and has not yet filed a proof of claim.

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Case updates2 dated entries
Parties

Debtor

NISurplus Inc

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredLoop Funding Inc. · in 2 casesGeneral security interest registered on the Alberta Personal Property Registry — No registered secured creditors on the Ontario PPSA Registry; Loop Funding Inc. has not yet filed a proof of claim — debtor: NISurplus Inc.Preliminary Report of Trustee

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

1 more claim across lower-ranking classes

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Documents2 filings
DateDocumentFile
Preliminary Report of Trustee
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 27 January 2023
  • Court file no 35-2905338
  • + 6 more extracted facts
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Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 27 January 2023
  • Court file no 32-2905338
  • + 1 more extracted fact
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “NISurplus Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/nisurplus-inc

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/nisurplus-inc

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.

NISurplus Inc — Bankruptcy | Proceedings.