#Report
A second court officer report was filed, likewise dated to commencement; the record distinguishes it from the first in no respect.
Source: Certificate of Appointment
Riverside Professional Corporation Inc
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 33-2831108
Filings held2
Last activity18 May 2022
On the record1,587 days
OverviewSummary updated
Riverside Professional Corporation Inc has been in bankruptcy in Ontario since May 18, 2022, under estate number 33-2831108, with MNP Ltd. acting as Licensed Insolvency Trustee and the estate proceeding on the basis of section 67(b) of the Bankruptcy and Insolvency Act. The sworn Statement of Affairs dated April 14, 2022, filed for Riverside Professional Centre Inc., shows total assets of $1,276,466.15, all of it free assets with nothing pledged, against total liabilities of $4,243,510.00. The whole of that liability is owed to unsecured creditors, reported in the same amount by both the debtor and the trustee; the Statement of Affairs confirms there are no secured creditors. The trustee's estimated realization figures put the deficit at -$2,967,043.85. The estate remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Report
A court officer report was filed, dated to the 18 May 2022 commencement; the record carries no account of its contents or recommendations.
Source: Trustee's Preliminary Report
Parties
Debtor
Riverside Professional Corporation Inc
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual creditors; same amount reported by both Debtor's sworn statement and LIT — debtor: Riverside Professional Centre Inc. · as of 14 Apr 2022 | $4.24M | Trustee's Preliminary Report |
RecoveriesAs stated in the filings
Unsecured creditors: 29.5 %.EstimatedTrustee's Preliminary Report · 7 Jun 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | $4.24M | 29.5 % | Estimatedper the trustee | Trustee's Preliminary Report · 7 Jun 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.
Estate financialsReported figures — never derived
Total assets at filing$1.28M
Total liabilities at filing$4.24M
As at 14 Apr 2022 · per Debtor's Sworn Statement of Affairs dated April 14, 2022 compared with LIT's estimated realization; apparent deficit of -2,967,043.85 per LIT · Entity - Riverside Professional Centre Inc. — Statement of Affairs confirms no secured creditors ('As per the Statement of Affairs, there are no secured creditors'); total assets shown as Free assets only (Pledged = 0.00 both columns)
Documents2 filings
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Riverside Professional Corporation Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/riverside-professional-corporation-inc