Skymark Health and Fitness Inc.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 32-2515871
Skymark Health and Fitness Inc. is in insolvency proceedings under a Trustee, with a Statement of Affairs listing total assets of $70,000, consisting solely of accounts receivable and equipment. Two liquidators engaged by the Trustee estimated the equipment's net realizable value at $5,000, advising there is little, if any, recoverable value given high dismantling and removal costs. Toronto Dominion Bank holds a secured line of credit against the company's assets, listed at approximately $88,000, and is described as the only secured creditor with an economic interest in those assets; TD declined to pursue realizing on the fitness club equipment. The Canada Revenue Agency holds a nominal secured claim, with the Trustee noting the ultimate amount owed is unknown. The Statement of Affairs also lists 12 unsecured creditors with potential provable claims totalling $253,914.50, though no proofs of claim had been filed with the Trustee as of the report date.
Debtor
Skymark Health and Fitness Inc.
Trustee in bankruptcy
Dodick Landau
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of Statement of Affairs — A nominal amount is listed for CRA in the Statement of Affairs; the Trustee states it is unknown what, if any, amount will be owed to CRA. Deemed-trust/CRA class. — debtor: Skymark Health & Fitness Inc. | — | Preliminary Report |
| 4 | Secured | Toronto Dominion Bank (TD) · in 35 casesas of Statement of Affairs — Line of credit secured by the Company's assets — Approximate figure per Statement of Affairs ("approximately $88,000"); TD is described as the only secured creditor with an economic interest in the Company's assets and declined to pursue realizing on the Fitness Club equipment. — debtor: Skymark Health & Fitness Inc. | $88K | Preliminary Report |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document does not name individual unsecured creditors; no proofs of claim had been filed with the Trustee as of the date of this report. — debtor: Skymark Health & Fitness Inc. | $254K | Preliminary Report |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
per Statement of Affairs (accounts receivable and equipment listed as the only assets) · Entity - Skymark Health & Fitness Inc. — Equipment component estimated at $5,000 net realizable value by two liquidators engaged by the Trustee, who advised there is little, if any, net realizable value due to high dismantling/removal costs; no aggregate total liabilities figure is stated in the report (secured and unsecured amounts are reported separately).
| Date | Document | File |
|---|---|---|
Preliminary Report
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Certificate of Appointment
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Skymark Health and Fitness Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/skymark-health-and-fitness-inc