Samaco Trading Limited – Bankruptcy
Follow- Proceeding
- BankruptcyParagraph 50.4(8)(b.1) of the Act
- File
- 31-1518354
Samaco Trading Limited is bankrupt, the bankruptcy taking effect on 27 September 2011 under paragraph 50.4(8)(b.1) of the Bankruptcy and Insolvency Act (file 31-1518354) in Ontario, with The Fuller Landau Group Inc. as trustee. Its statement of affairs reports total assets of $1,503,859.26 against total liabilities of $4,800,463.66, comprising unsecured creditors of $3,296,602.40 and secured creditors of $1,503,859.26, for a deficiency of $3,296,604.40. The largest secured claim is that of Andras Szandtner at $1,359,169.45; the largest unsecured claim is that of Rosanco International Co. HK at $1,024,584.94.
A claims procedure has been established — see the order for deadlines.
2 earlier updates, back to 27 September 2011 — subscribers.
Debtor
Samaco Trading Limited – Bankruptcy
Trustee in bankruptcy
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Andras SzandtnerBusiness Assets - Stock in Trade (Inventory) $655,843.00; Cash on hand $3,885.78; Furniture and equipment $6,000.00; Prepaid expenses $43,685.00; Production deposit $9,444.00; Debts Due - Accounts receivable $322,368.48 — Related party (individual guarantor/creditor); balance of claim unsecured $317,943.19 — debtor: Samaco Trading Limited · as of 27 Sep 2011 | $1.36M | Samaco SOA.pdf |
Secured creditors: shortfall.EstimatedSamaco Preliminary Report to Creditors.pdf · 19 Oct 2011
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the trustee | Samaco Preliminary Report to Creditors.pdf · 19 Oct 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Samaco Notice.pdf
| PDF · Subscribers | |
Samaco SOA.pdf
| PDF · Subscribers | |
Samaco Certificate of Appointment.pdf
| PDF · Subscribers | |
Samaco Preliminary Report to Creditors.pdf
| PDF · Subscribers | |
Samaco Proof of Claim and Proxy.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., “Samaco Trading Limited – Bankruptcy” (Bankruptcy). Retrieved 21 September 2026, https://proceedings.ca/case/samaco-trading-limited-bankruptcy