Permaflex Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31 – 1079052
- Industry
- Manufacturing · Textiles, apparel & furniture
Permaflex Inc. is bankrupt under section 49 of the Bankruptcy and Insolvency Act, the bankruptcy commencing on 12 June 2008 (file 31-1079052) in Ontario, with The Fuller Landau Group Inc. as trustee. Its statement of affairs reports total assets of $525,000.00 against total liabilities of $1,931,238.42, unsecured creditors of $1,406,238.42, secured creditors of $525,000.00 and a stated deficiency of $1,406,238.42. Secured claims include Montcap Financial Corporation at $495,055.52, Exponent Capital at $350,000.00 and the Canada Revenue Agency at $130,000.00.
A claims procedure has been established — see the order for deadlines.
Undated filings2 — no date appears on the document · show
Permaflex Inc. - Report to First Meeting of Creditors.pdf — Court officer report filed
Debtor
Permaflex Inc.
Trustee in bankruptcy
Fuller Landau
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency - London TSO · in 3 casesInventory; Fixed assets — Deemed trust / CRA claim; listed as secured with estimated security value equal to claim, no unsecured balance — debtor: Permaflex Inc. · as of 12 Jun 2008 | $130K | Permaflex Inc. - Statement of Affairs.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
44 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedPermaflex Inc. - Report to First Meeting of Creditors.pdf · 27 Jun 2008
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors subordinate to CRA | — | no distribution | Estimatedper the trustee | Permaflex Inc. - Report to First Meeting of Creditors.pdf · 27 Jun 2008 |
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 |
|---|---|---|
Permaflex Inc. - Notice of Bankruptcy.pdf
| PDF · Subscribers | |
Permaflex Inc. - Statement of Affairs.pdf
| PDF · Subscribers | |
Permaflex-Inc.-Certificate-of-Appointment.pdf
| PDF · Subscribers | |
| Permaflex Inc. - Proof of Claim.pdf | PDF · Subscribers | |
Permaflex Inc. - Report to First Meeting of Creditors.pdf
| 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., “Permaflex Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/permaflex-inc