Shu-Pak Equipment Inc.
- Proceeding
- NOIBIA s. 50.4
- File
- BK-24-03076617-0035
- Industry
- Manufacturing · Vehicles, parts & aerospace
Shu-Pak Equipment Inc. filed a notice of intention to make a proposal under BIA s. 50.4. Its Statement of Affairs lists a Canada Revenue Agency deemed-trust claim of $1,601,541.20 for unremitted payroll source deductions, part of a combined CRA proof of claim of $2,671,597, of which $1,070,055 is unsecured. The statement also lists 29 preferred creditors with claims totalling $47,599.14, and 99 unsecured creditors with claims totalling approximately $13.3 million. As of the date of the report, the Trustee had received proofs of claim from 27 preferred and unsecured creditors totalling $9,969,342, with total claims received from all creditors, including CRA, equalling $12,640,938.
Motion Record – Proposal – returnable May 31, 2024 was filed. Court file BK-24-03076617-0035.
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Undated filings1 — no date appears on the document · show
Debtor
Shu-Pak Equipment Inc.
Trustee in bankruptcy
Dodick Landau
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorShu-Pak Equipment Inc. | Fred Tayar & Associates Professional Corporation | 31 May 2024 | Application · 27 May 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesas of date of this report — Deemed trust claim re: unremitted payroll source deductions (employee/employer) — Statement of Affairs (undated within report) listed this claim at approx. $1.6 million (para 14); exact figure of $1,601,541.20 (as printed, likely a typo for $1,601,541.20) is from CRA's filed proof of claim ($2,671,597 total, of which this is the secured deemed-trust portion). Deemed trust class (regulatory/quasi-governmental). CRA payroll audit ongoing and may amend the claim. — debtor: Shu-Pak Equipment Inc. | $1.6M | Preliminary Report – Bankruptcy |
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution. Canada Revenue Agency short.EstimatedPreliminary Report – Bankruptcy · 6 Aug 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustCRA (secured deemed trust claim) | Canada Revenue Agency | — | shortfall | Estimatedper the trustee | Preliminary Report – Bankruptcy · 6 Aug 2024 |
| Unsecured | Shu-Pak's unsecured creditors | — | no distribution | Estimatedper the trustee | Preliminary Report – Bankruptcy · 6 Aug 2024 |
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.
| Date | Document | File |
|---|---|---|
| Creditor Package – Proposal | PDF · Subscribers | |
Preliminary Report – Bankruptcy
| PDF · Subscribers | |
| Creditor Package – Bankruptcy | PDF · Subscribers | |
| Certificate of Assignment – Bankruptcy | PDF · Subscribers | |
Motion Record – Proposal – returnable May 31, 2024
| PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Creditor Voting Letter – Proposal | 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., “Shu-Pak Equipment Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/shu-pak-equipment-inc