Propak Limited
- Proceeding
- ProposalSubsection 50(5) of the Bankruptcy and Insolvency Act
- File
- 32-1435583
- Industry
- Manufacturing
Propak Limited is the subject of a Division I proposal under the Bankruptcy and Insolvency Act, which followed a notice of intention filed on 26 November 2010 (file 32-1435583) in Ontario, with The Fuller Landau Group Inc. as trustee. Its statement of affairs reports total assets of $706,566.71 against total liabilities of $3,124,167.82 — unsecured creditors $2,591,158.99, secured creditors $496,061.15 and preferred creditors $36,947.68 — for a deficiency of $2,417,601.11. The Royal Bank of Canada holds the secured claim of $496,061.15; the largest unsecured claim is that of 559026 Ontario Inc. at $1,475,170.96.
A claims procedure has been established — see the order for deadlines.
Propak Certificate of Filing.pdf was filed. Court file 32-1435583.
Source: Propak Certificate of Filing.pdf
Undated filings3 — no date appears on the document · show
Debtor
Propak Limited
Proposal trustee
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 3 orders, Dec 2000 – Dec 2010 | 111 cases on record |
| Registrar Nettie | Ontario Superior Court of Justice | 2 orders, Feb 2011 – Mar 2011 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantPropak Limited | Miller Thomson LLP | 22 Dec 2010 | Order · 7 Feb 2011 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesBusiness Assets - Machinery and equipment; Debts Due - Business - Accounts receivable — Estimated value of security $496,061.15 (machinery/equipment $439,494.44; accounts receivable $56,566.71); balance of claim unsecured $0.00 — debtor: Propak Limited · as of 26 Nov 2010 | $496K | Propak SOA.pdf |
| 6 | Landlord preferred | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) |
145 more claims in 3 classes The stack holds Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.EstimatedPropak Trustee Report on Proposal.pdf · 19 May 2011
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Propak's only secured creditor | — | paid in full | Under the planvote pendingper the proposal trustee | Propak Trustee Report on Proposal.pdf · 19 May 2011 |
| Preferred | — | — | paid in full | Under the planvote pendingper the proposal trustee | Propak Trustee Report on Proposal.pdf · 19 May 2011 |
| Unsecured | — | listed | Estimatedper the proposal trustee | Propak Trustee Report on Proposal.pdf · 19 May 2011 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs 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 |
|---|---|---|
| Propak Mail AFF Proposal Notice.pdf | PDF · Subscribers | |
Propak Notice of Proposal.pdf
| PDF · Subscribers | |
Propak Trustee Report on Proposal.pdf
| PDF · Subscribers | |
Propak Certificate of Filing.pdf
| PDF · Subscribers | |
Propak SOA.pdf
| PDF · Subscribers | |
Propak Extension Order of Registrar Nettie Dated March 24 2011.pdf
| PDF · Subscribers | |
Propak Extension Order of Registrar Nettie Dated February 7 2011.pdf
| PDF · Subscribers | |
Propak Extension Order and Endorsement December 23 2 2010.pdf
| PDF · Subscribers | |
Propak Order of Newbould J.pdf
| PDF · Subscribers | |
| Propak NOI Mailing to Creditors.pdf | PDF · Subscribers | |
Propak Certificate for the Notice of Intention.pdf
| PDF · Subscribers | |
Propak Endorsement of Newbould J.pdf
| PDF · Subscribers | |
Propak Limited Proposal.pdf
| PDF · Subscribers | |
| Propak Proof of Claim.pdf | PDF · Subscribers | |
| Propak Proxy and Voting Letter.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., “Propak Limited” (Proposal). Retrieved 4 November 2026, https://proceedings.ca/case/propak-limited