Smith Creative and Finishing Services Limited filed a notice of intention to make a proposal on 30 September 2016 under subsection 50.4(1) of the Bankruptcy and Insolvency Act (file 31-2172713) in Ontario, with The Fuller Landau Group Inc. as licensed insolvency trustee. Its statement of affairs reports total assets of $165,766.47 against total liabilities of $1,312,985.97 and a deficiency of $1,147,219.50, with secured creditors of $165,766.47. The Royal Bank of Canada's claim of $1,149,218.67 is secured against $165,766.47, leaving an unsecured balance of $983,452.20; other unsecured claims include Gary Thomas at $72,000.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The Company ceased operations after its landlord terminated the lease for non-payment of rent; the Trustee has not taken possession of the premises or assets, which remain in the landlord's control, and is pursuing liquidation proposals/LOIs for the equipment and inventory rather than continued operations.
Source: Preliminary Report to Creditors
2 earlier updates, back to 30 September 2016 — subscribers.
1 filings carry no date on their face — subscribers.
Debtor
Smith Creative and Finishing Services Limited
Proposal trustee
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesDebts Due - Business - Accounts receivable; Business Assets - Machinery and equipment; Furniture - Miscellaneous furniture; Cash on Hand - Chequing - 1124429 - RBC (all given 29-May-2015) — Balance of claim shown as $983,452.20 after estimated security value of $165,766.47; total unsecured claims list also shows balance of secured claim of $983,452.20 attributable to this creditor — debtor: Smith Creative and Finishing Services Limited · as of 1 Nov 2016 | $1.15M | Statement of Affairs |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Preliminary Report to Creditors
| PDF · Subscribers | |
Certificate of Assignment
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention
| PDF · Subscribers | |
| Proof of Claim | 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., “Smith Creative and Finishing Services Limited” (NOI). Retrieved 21 September 2026, https://proceedings.ca/case/smith-creative-and-finishing-services-limited
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/smith-creative-and-finishing-services-limited
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.