So Chiq Studio Inc

Active

Proceeding: BankruptcyBankruptcy and Insolvency Act
File: 35-2994532

Filings held3

Last activity5 Oct 2023

On the record1,082 days

OverviewSummary updated 19 August 2026

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.

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Case updates3 dated entries

5 Oct 2023

#Report

Court officer's report fixed the commencement of the proceedings at October 5, 2023, 10:49, establishing the reference point for the administration.

Source: Certificate of Appointment

5 Oct 2023

#Report

A further court officer's report recorded that So Chiq made an assignment on October 5, 2023.

Source: Preliminary Report of Trustee

5 Oct 2023

#Claims

Creditors Package — Meeting materials

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Parties

Debtor

So Chiq Studio Inc

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
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

1 more claim across lower-ranking classes

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RecoveriesAs stated in the filings

this 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	—	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 stated figure across 2 outcomes, each sourced

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Documents3 filings

Date	Document	File
25 Oct 2023	Preliminary Report of Trustee Appointee MNP Ltd. Appointee role trustee Commencement date 5 October 2023 Court file no 35-2994532 + 7 more extracted facts	PDF · Subscribers

5 Oct 2023	Certificate of Appointment Appointee MNP LTD / MNP LTÉE Appointee role Licensed Insolvency Trustee Commencement date 5 October 2023 Court file no 35-2994532 + 1 more extracted fact	PDF · Subscribers

5 Oct 2023	Creditors Package Court file no 35-2994532 Province Ontario Financial position Subscribers	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 20 September 2026, https://proceedings.ca/case/so-chiq-studio-inc