R M Platinum Transportation Inc. R M Platinum Transportation Inc.
- Proceeding
- BankruptcySubsection 102(2) and paragraphs 51(1)(e) and 66.15(3)(b) of the Act
- File
- 32-2199461
- Industry
- Transportation & logistics · Trucking & freight
R M Platinum Transportation Inc. filed an assignment in bankruptcy on December 15, 2016 in Ontario, with MNP LTD. as trustee under estate number 32-2199461, and the estate remains active. The Statement of Affairs sworn by David Babcock as officer of the bankrupt, as at December 13, 2016, lists total assets of $16,698.00 against total liabilities of $1,766,802.75, all unsecured: List B records no secured claims, and preferred and contingent liabilities are stated at $0.00. The trustee does not anticipate a dividend to creditors. The largest claims are a related-party loan from David Babcock of $1,000,000.00, Trailer Wizards at $198,000.00, a loan from Rick Brown of $163,296.43, one from Gary Babcock of $80,000.00, Jag Gill Transport LTD at $30,115.11 and the Canada Revenue Agency at $27,777.00, alongside dozens of owner-operator holdback balances.
A claims procedure has been established — see the order for deadlines.
Debtor
R M Platinum Transportation Inc. R M Platinum Transportation Inc.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | David Babcock (loan)related party loan; David Babcock also swore the Statement of Affairs as officer of the bankrupt — debtor: R M Platinum Transportation Inc. · as of 13 Dec 2016 | $1M | Notice of Bankruptcy and First meeting of Creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
99 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedNotice of Bankruptcy and First meeting of Creditors · 20 Dec 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Notice of Bankruptcy and First meeting of Creditors · 20 Dec 2016 |
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 Report on Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy and First meeting of Creditors
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Proxy Form
| 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., “R M Platinum Transportation Inc. R M Platinum Transportation Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/r-m-platinum-transportation-inc