#Report
Further court officer's report fixed the date and time of bankruptcy at February 24, 2026, 09:25.
Source: Certificate of Appointment
Schnarr Legacy Craftsmen Inc
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 35-3337434
Filings held3
Last activity24 Feb 2026
On the record209 days
Secured debt$68.5K
OverviewSummary updated
Schnarr Legacy Craftsmen Inc made an assignment in bankruptcy on February 24, 2026, with the time of bankruptcy recorded as 09:25 that day. The proceeding is a bankruptcy under the Bankruptcy and Insolvency Act, cited on the record to section 67(b), and is carried in Ontario under court file number 35-3337434. The record of the same date covers the calling of a meeting of creditors and the filing of a court officer's report confirming the assignment. The proceeding remains active, and the record to date consists of the commencement materials.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Meeting of creditors called on the footing that the company had filed an assignment, or that a bankruptcy order had been made against it, on February 24, 2026.
Source: Creditors Package
#Report
Court officer's report filed, recording that the company made an assignment in bankruptcy on February 24, 2026.
Source: Preliminary Report of Trustee
Parties
Debtor
Schnarr Legacy Craftsmen Inc
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of date of bankruptcy (February 24, 2026) — Deemed trust for unremitted source deductions — Approximate amount per Company records; CRA has not yet confirmed this amount. Deemed trust class, ranks in priority to Trustee and all other creditors. Statement of Affairs lists Deemed Trust as $nil pending confirmation. — debtor: Schnarr Legacy Craftsmen Inc. | $100K | Preliminary Report of Trustee |
| 4 | Secured | TD Bank · in 29 casesas of Statement of Affairs — General security agreement against all Company assets — Per Statement of Affairs (Secured class total, $68,550); narrative text estimates approximately $45,000 per Company records. — debtor: Schnarr Legacy Craftsmen Inc. | $68.5K | Preliminary Report of Trustee |
| 4 | Secured | Ford Credit Canada · in 16 casesSecurity interest in 2023 Ford F150 — Vehicle was returned to the secured creditor pre/post bankruptcy; no outstanding balance stated; security effectively discharged via surrender of collateral. — debtor: Schnarr Legacy Craftsmen Inc. | — | Preliminary Report of Trustee |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual unsecured creditors; aggregate figure per Statement of Affairs. Proofs of claim filed to date total $47,796. — debtor: Schnarr Legacy Craftsmen Inc. | $626K | Preliminary Report of Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Secured creditors: no distribution.EstimatedPreliminary Report of Trustee · 17 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | secured or unsecured creditors | — | no distribution | Estimatedper the trustee | Preliminary Report of Trustee · 17 Mar 2026 |
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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| ||
Certificate of Appointment
| ||
Creditors Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Schnarr Legacy Craftsmen Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/schnarr-legacy-craftsmen-inc