Powernoodle Inc.
- Proceeding
- Receivership (private)Subsection 245 (1) of the Bankruptcy and Insolvency Act
Powernoodle Inc., an Ontario company, remains in active insolvency proceedings. A receiver was appointed by its secured creditor, the Western Ontario Community Futures Development Corporation Association, which was owed $535,751.19 as at the appointment; sale proceeds left a shortfall to that creditor. A creditor mailing list prepared by the receiver as at April 13, 2021 records unsecured claims led by Fed Dev at $682,230.00 and BDC at $241,281.00, followed by Mitigate Group Inc. at $50,000.00, AccuKwik at $36,000.00, Europro (Stratford) JJ Holdings Inc. at $33,853.82 and TD Canada Trust Visa at $22,042.15. Smaller claims are listed for Rideout & Maybee LLP, Gowling WLG, TD Canada Trust, BDO, Miller Thomson and Triton Canada, with nominal $1.00 entries for RE-LAW LLP and the Canada Revenue Agency.
Debtor
Powernoodle Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Western Ontario Community Futures Development Corporation Association · in 2 casesProse estimate on page 1 states $536,000 owed to secured creditor at receiver appointment; exact figure of $535,751.19 given in creditor mailing list is used as amount. Receiver appointed by this secured creditor; sale proceeds resulted in a shortfall to this creditor. — debtor: Powernoodle Inc. | $536K | Notice and Statement of the Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
14 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Notice and Statement of the Receiver
| 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., “Powernoodle Inc.” (Receivership (private)). Retrieved 4 November 2026, https://proceedings.ca/case/powernoodle-inc