Ontario Insurance Brokers Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 35-1688343
- Industry
- Financial services · Insurance
Ontario Insurance Brokers Ltd. entered bankruptcy under the BIA with a Statement of Affairs, sworn by licensed insolvency trustee Bradley Neal, showing total assets of $116,135.60 against total liabilities of $1,938,737.84 as at November 19, 2012, leaving a deficiency of $1,822,602.24. Unsecured claims total $1,863,877.32, combining $1,098,368.92 in ordinary unsecured claims with $765,508.40 representing the unsecured balance of two large purportedly secured claims once their security is valued. Secured creditors are listed at $66,135.60 and preferred creditors, chiefly wage claims under the Wage Earner Protection Program, at $8,724.92. The two largest claims, from Michael V Burke and Shillington Insurance Brokers Inc., share an address and counsel, raising a related-party question, and are bifurcated because the security pledged against them was valued at little or nothing.
Certificate of Appointment – Form 19 – 35-1688343 – ONTARIO was filed. Court file 35-1688343.
Source: Certificate of Appointment – Form 19 – 35-1688343 – ONTARIO
Undated filings1 — no date appears on the document · show
Trustee’s Report to the Creditors on Preliminary Administration — Court officer report filed
Debtor
Ontario Insurance Brokers Ltd.
Trustee in bankruptcy
Albert Gelman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Michael V BurkeCash on Hand - Chequing (RBC a/c 079221053032) $10,000.00; Cash on Hand - Operating (RBC a/c 079221006121) $15,675.60; Debts Due - Business - Commissions on Collected Premiums $6,500.00; Debts Due - Business - Commissions on Uncollected Premiums $30,000.00; all security given 01-Mar-2007 — Claim of $692,225.00 bifurcated by security valuation: estimated value of security realized against this + item 1 totals $66,135.60 per List "B" total row; unsecured balance of $630,049.40 shown in List "B" and repeated as List "A" unsecured creditor #17. Same address/contact (c/o McKenzie Lake Laywers LLP, · as of 19 Nov 2012 | $692K | Notice of Bankruptcy and first meeting of creditors dated Nov 20, 2012 |
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) |
38 more claims in 4 classes The stack holds Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee’s Report to the Creditors on Preliminary Administration · 6 Dec 2012
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the trustee | Trustee’s Report to the Creditors on Preliminary Administration · 6 Dec 2012 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee’s Report to the Creditors on Preliminary Administration · 6 Dec 2012 |
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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order of Discharge Sep 3 14.Ontario
| PDF · Subscribers | |
| Form 11 – Notice of Final Dividend Mar 26 14.Ontario | PDF · Subscribers | |
| Positive Letter of Comment – 35-1688343 | PDF · Subscribers | |
| Final Statement of R&D.Ontario TAXED | PDF · Subscribers | |
Certificate of Appointment – Form 19 – 35-1688343 – ONTARIO
| PDF · Subscribers | |
Notice of Bankruptcy and first meeting of creditors dated Nov 20, 2012
| PDF · Subscribers | |
Trustee’s Report to the Creditors on Preliminary Administration
| 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., “Ontario Insurance Brokers Ltd.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/ontario-insurance-brokers-ltd