So Chiq Studio Inc
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 35-2994532
So Chiq Studio Inc. has been in bankruptcy under the Bankruptcy and Insolvency Act since October 5, 2023, with MNP Ltd. acting as trustee in the Ontario proceeding under file no. 35-2994532. The estate remains active. The company's Statement of Affairs listed secured debt at nil, but Your Neighbourhood Credit Union filed a proven secured claim of $60,000, backed by general security registered under the Personal Property Security Act; no remaining assets are to be released to YNCU. Unsecured claims were reported at $241,108 in the Statement of Affairs, with proofs of claim in the unsecured class proven at $15,681. No individual unsecured creditors are named.
Certificate of Appointment was filed. Court file 35-2994532.
Source: Certificate of Appointment
Debtor
So Chiq Studio Inc
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Your Neighbourhood Credit Union (YNCU) · in 2 casesas of proof of claim filing date — General security registered under the Personal Property Security Act (PPSA) — Per Statement of Affairs listed as $nil secured; proven secured claim filed at $60,000. No remaining assets to be released to YNCU. — debtor: So Chiq Studio Inc. | $60K | Preliminary Report of Trustee |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansthis bankruptcy estate: no distribution. Your Neighbourhood Credit Union no distribution.EstimatedPreliminary Report of Trustee · 24 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Your Neighbourhood Credit Union | proven | no distribution | per the trustee | Preliminary Report of Trustee · 24 Oct 2023 |
| class not placed | this bankruptcy estate | — | no distribution | Estimatedper the trustee | Preliminary Report of Trustee · 24 Oct 2023 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors Package
| 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., “So Chiq Studio Inc” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/so-chiq-studio-inc