Simandal Int'l Limited Sushi Shop
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 32-3070348
Simandal Int'l Limited Sushi Shop filed an assignment in bankruptcy on April 19, 2024 in Ontario, with MNP Ltd. acting as Licensed Insolvency Trustee under court file 32-3070348. The Statement of Affairs shows assets of $8,000 on an estimated liquidation basis against total liabilities of $742,402.75, comprising $233,705.00 secured, $1 preferred and $508,696.75 unsecured. The secured claim is that of Canadian Imperial Bank of Commerce, supported by a CIBC security agreement and a PPSA registration over all assets of the company; CIBC has filed no proof of claim. Claims proven and filed to October 26, 2023 total $264.31. The trustee has determined that restaurant equipment was sold before the bankruptcy filing, and a preference claim against Ms. Wong is in issue. The estate remains active.
Notice to Creditors regarding the Bankruptcy and First Meeting of Creditors — Notice to creditors
Certificate of Appointment dated was filed. Court file 32-3070348.
Source: Certificate of Appointment dated
Debtor
Simandal Int'l Limited Sushi Shop
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce (CIBC) · in 72 casesas of Statement of Affairs — PPSA registration over all assets of the Company; CIBC Security Agreement — Per Statement of Affairs; no proof of claim filed by CIBC to date (Proven & Filed to October 26, 2023: Nil). Any recovery from preference claim against Ms. Wong likely subject to CIBC's secured claim if filed. — debtor: Simandal Int'l Limited | $234K | Trustee's Preliminary Report dated |
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
12 more claims in 2 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Preliminary Report dated · 9 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee's Preliminary Report dated · 9 May 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report dated
| PDF · Subscribers | |
Notice to Creditors regarding the Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment dated
| 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., “Simandal Int'l Limited Sushi Shop” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/simandal