Powernoodle Inc.
Follow- 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 |
|---|---|---|---|
| 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 |
Closed · 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 20 September 2026, https://proceedings.ca/case/powernoodle-inc