#Report
Further court officer report filed on June 17, 2019, the second date the record carries as a commencement date for the estate.
Satin Finish Hardwood Flooring, Limited
FollowActive
- Proceeding
- BankruptcyParagraph 50.4(8)(b.1) of the Act
- File
- 31-2459849
Filings held3
Last activity17 Jun 2019
On the record2,655 days
OverviewSummary updated
Satin Finish Hardwood Flooring, Limited — now Prodtor Inc. — has been bankrupt in Ontario under the BIA since June 15, 2019, with MNP Ltd. acting as Licensed Insolvency Trustee under estate file 31-2459849. The purchase price under the Transaction was the purchaser's assumption of Prodtor's indebtedness to CIBC, approximately $13,500,000 and secured by a registered PPSA interest that the Proposal Trustee confirmed as valid, enforceable and properly registered on an independent legal opinion from Goldman Sloan Nash & Haber LLP. The Statement of Affairs sworn June 21, 2019 put estimated realizable assets at $10,770,993 immediately prior to closing, against claims of $37,792,978 across all categories, including $23,859,197 unsecured and $13,784,661 secured and deemed trust. Proofs of claim filed as of July 5, 2019 totalled $1,657,918. Given the amount owed to secured creditors, no funds are expected to be available for distribution.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Meeting of creditors, dated to the June 15, 2019 commencement of the bankruptcy, with MNP Ltd. as Licensed Insolvency Trustee under estate file 31-2459849.
Source: Notice of Bankruptcy and First Meeting of Creditors -Creditors Package- dated June 21 2019
#Report
First court officer report filed, recording the date of bankruptcy as June 15, 2019, the date on which the Ontario proceeding is taken to have commenced.
Source: Certificate of Assignment
Parties
Debtor
Satin Finish Hardwood Flooring, Limited
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Secured/Deemed Trust claims (aggregate per Statement of Affairs) · in 2 casesas of SOA, sworn June 21, 2019 — SOA-listed secured/deemed trust claims total; corresponding proofs of claim filed as of July 5, 2019 totalled $39,984 (claims have not yet been reviewed for distribution purposes). — debtor: Prodtor Inc. (formerly Satin Finish Hardwood Flooring, Limited) | $13.8M | Trustees Preliminary Report dated July 8 2019 |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustees Preliminary Report dated July 8 2019
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors -Creditors Package- dated June 21 2019
| PDF · Subscribers | |
Certificate of Assignment
| 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., “Satin Finish Hardwood Flooring, Limited” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/satin-finish-hardwood-flooring-limited-bkr