Proceedings.

Southern Ontario Credit Bureau Inc.

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Proceeding
Bankruptcysection 43(9) of the Bankruptcy and Insolvency Act
File
32-2732557
Filings held3
Last activity14 May 2021
On the record2,021 days
OverviewSummary updated

Southern Ontario Credit Bureau Inc. has been in insolvency proceedings in Ontario since April 26, 2021, and the matter remains active. Clearneed Information Systems Inc., the only registered secured creditor, had taken an assignment of TD Bank's debt and security and foreclosed on the company's assets under s. 63(4) of the PPSA on April 19, 2021, a week before commencement; the estate therefore carries no remaining secured claim, and Section D of the Statement of Affairs shows secured claims at $0. Clearneed also provided a fee guarantee and a $5,000 deposit. The Statement of Affairs reports unsecured claims of $716,887 in aggregate, while proofs of claim received to date total $50,333.

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Case updates3 dated entries
Parties

Debtor

Southern Ontario Credit Bureau Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4SecuredClearneed Information Systems Inc.as of Statement of Affairs — Assignment of TD Bank debt and security; foreclosed on assets pursuant to s.63(4) PPSA on April 19, 2021 — Only registered secured creditor; foreclosed pre-bankruptcy, so no secured claim remains against the estate (Section D shows Secured $0 as per Statement of Affairs and Claims Received to Date); received fee guarantee and deposit of $5,000 from Clearneed — debtor: Southern Ontario Credit Bureau Inc.—Trustee Preliminary Report
8Unsecured

1 more claim in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount.

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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedTrustee Preliminary Report · 14 May 2021

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the trusteeTrustee Preliminary Report · 14 May 2021

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.

Documents3 filings
DateDocumentFile
Trustee Preliminary Report
  • Applicant Clearneed Information Systems Inc.
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 26 April 2021
  • + 6 more extracted facts
PDF · Subscribers
Creditor Package
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 26 April 2021
  • Court file no 32-2732557
  • + 2 more extracted facts
PDF · Subscribers
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role Trustee
  • Commencement date 26 April 2021
  • Court file no 32-2732557
  • + 1 more extracted fact
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., “Southern Ontario Credit Bureau Inc.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/southern-ontario-credit-bureau-inc

Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/southern-ontario-credit-bureau-inc

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.