Princeton Academy of Canada Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-2871157
Princeton Academy of Canada Inc. executed an assignment in bankruptcy on September 30, 2022, which MNP Ltd. filed as Licensed Insolvency Trustee; the date and time of bankruptcy is recorded as October 03, 2022, 11:39, under estate number 31-2871157 in Ontario. The Statement of Affairs as at September 30, 2022 reports assets of $19.76 in cash in bank and $800.00 in furniture, totalling $819.76, against liabilities of $440,266.43 secured, no preferred claims and $193,401.00 unsecured, a reported total of $441,086.19. The secured claim is that of Royal Bank of Canada under a PPSA security agreement covering inventory, equipment, accounts, other collateral and a motor vehicle; the trustee reviewed that security and believes it valid and enforceable. As at October 21, 2022, claims proven and filed stood at $0 across all classes, with no proof of claim received from RBC.
A claims procedure has been established — see the order for deadlines.
Certificate of Appointment was filed. Court file 31-2871157.
Source: Certificate of Appointment
Debtor
Princeton Academy of Canada Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 586 casesas of Statement of Affairs (September 30, 2022) — PPSA security agreement over Inventory, Equipment, Accounts, Other, Motor Vehicle — Per Statement of Affairs amount $440,266.43; per Proven & Filed to October 21, 2022, $0 (no proof of claim received from RBC). Trustee reviewed security and believes it is valid and enforceable. — debtor: Princeton Academy of Canada Inc. | $440K | Trustee's Preliminary Report dated |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Preliminary Report dated · 21 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report dated · 21 Oct 2022 |
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 |
|---|---|---|
Trustee's Preliminary Report dated
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditor's Package for Filing Proof of Claim
| 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., “Princeton Academy of Canada Inc.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/princeton-academy-of-canada-inc