Permaflex Inc.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31 – 1079052
Filings held5
Last activity12 Jun 2008
On the record6,675 days
Secured debt$495K
OverviewSummary updated
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.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries · 2 undated
Parties
Debtor
Permaflex Inc.
Trustee in bankruptcy
Fuller Landau
Capital structureAs asserted in the filings
| # | 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 | Montcap Financial CorporationAccounts receivable; Fixed assets; Inventory — Estimated value of security $395,000.00; balance of claim unsecured $100,055.52 per List B — debtor: Permaflex Inc. · as of 12 Jun 2008 | $495K | Permaflex Inc. - Statement of Affairs.pdf |
| 4 | Secured | Exponent CapitalNone stated (estimated value of security $0.00) — Also listed as unsecured creditor claim of $350,000.00 on List A; balance of claim unsecured $350,000.00 per List B — debtor: Permaflex Inc. · as of 12 Jun 2008 | $350K | Permaflex Inc. - Statement of Affairs.pdf |
| 4 | Secured | Mahmood HemaniNone stated (estimated value of security $0.00) — Amount of claim listed as Unknown; individual, possibly related party (also listed as unsecured creditor) — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Exponent CapitalAlso listed as secured creditor on List B with balance of claim unsecured $350,000.00 — debtor: Permaflex Inc. · as of 12 Jun 2008 | $350K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Shamsh DhalaIndividual; President of Permaflex Inc. per signature page - related party — debtor: Permaflex Inc. · as of 12 Jun 2008 | $250K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Valle Foamdebtor: Permaflex Inc. · as of 12 Jun 2008 | $176K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Elite Wood Products Ltd.debtor: Permaflex Inc. · as of 12 Jun 2008 | $145K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | CCRZ Companydebtor: Permaflex Inc. · as of 12 Jun 2008 | $105K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Montcap Financial CorporationAlso listed as secured creditor on List B; balance of claim unsecured $100,055.52 (total claim $495,055.52) — debtor: Permaflex Inc. · as of 12 Jun 2008 | $100K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | The Quilt Factorydebtor: Permaflex Inc. · as of 12 Jun 2008 | $68.1K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Regal Springdebtor: Permaflex Inc. · as of 12 Jun 2008 | $43K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | D&R Suppliesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $22K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Stelpro Wire & Springdebtor: Permaflex Inc. · as of 12 Jun 2008 | $22K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Fybon Industriesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $20K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Foamcodebtor: Permaflex Inc. · as of 12 Jun 2008 | $18K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | GTS Trading Corpdebtor: Permaflex Inc. · as of 12 Jun 2008 | $16.2K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Fogler, Rubinoff LLP · in 5 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $15K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Pine Valley Polymers Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $10.9K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Foam & Fibre Company Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $9.89K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Poly Plus Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $6.55K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Coats Belldebtor: Permaflex Inc. · as of 12 Jun 2008 | $5.57K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | RZCD Law Firm LLP · in 2 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $4.95K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Designs Variations Incorporateddebtor: Permaflex Inc. · as of 12 Jun 2008 | $2.95K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | All U Need Plasticsdebtor: Permaflex Inc. · as of 12 Jun 2008 | $2.48K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | M. Fibres Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $2.16K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Powerstream Inc. · in 9 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $1.75K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | American & Efird Canada Inc. · in 4 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $1.69K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Soltex Internationaldebtor: Permaflex Inc. · as of 12 Jun 2008 | $1.68K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Orchid Labeldebtor: Permaflex Inc. · as of 12 Jun 2008 | $1K | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | A&D Material handling Equipmentdebtor: Permaflex Inc. · as of 12 Jun 2008 | $960 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Inner Source Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $772 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Trebor Personnel Inc.debtor: Permaflex Inc. · as of 12 Jun 2008 | $577 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Wright of ThomasvilleUS-based creditor; currency inferred but not explicitly stated — debtor: Permaflex Inc. · as of 12 Jun 2008 | $576 USD | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Bay Street Manufacturing · in 2 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $552 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Chateau Import-Export Inc. · in 2 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $434 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | AFMQ · in 2 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $252 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Nebs Business Products Ltd.debtor: Permaflex Inc. · as of 12 Jun 2008 | $246 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Cansew Inc. · in 4 casesdebtor: Permaflex Inc. · as of 12 Jun 2008 | $153 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Boucandebtor: Permaflex Inc. · as of 12 Jun 2008 | $106 | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Bell Canada · in 298 casesAmount listed as Unknown — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Consumers Gas · in 2 casesAmount listed as Unknown — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Mahmood HemaniAmount listed as Unknown; also listed as secured creditor on List B — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | H&R AgenciesAmount listed as Unknown — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
| 8 | Unsecured | Grip ClinchAmount listed as Unknown — debtor: Permaflex Inc. · as of 12 Jun 2008 | — | Permaflex Inc. - Statement of Affairs.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured 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.
Estate financialsReported figures — never derived
Total assets at filing$525K
Total liabilities at filing$1.93M
As at 12 Jun 2008 · per Statement of Affairs (Sec 158) as stated and estimated by bankrupt · Permaflex Inc. (entity level, corporate bankrupt) — Total unsecured creditors $1,406,238.42; secured creditors $525,000.00; preferred creditors NIL; contingent/other liabilities NIL; deficiency stated as $1,406,238.42
Documents5 filings
| Date | Document | File |
|---|---|---|
Permaflex Inc. - Notice of Bankruptcy.pdf
| ||
Permaflex Inc. - Statement of Affairs.pdf
| ||
Permaflex-Inc.-Certificate-of-Appointment.pdf
| ||
| Permaflex Inc. - Proof of Claim.pdf | ||
Permaflex Inc. - Report to First Meeting of Creditors.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Permaflex Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/permaflex-inc