Southern Ontario Credit Bureau Inc.
Follow- Proceeding
- Bankruptcysection 43(9) of the Bankruptcy and Insolvency Act
- File
- 32-2732557
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.
Debtor
Southern Ontario Credit Bureau Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Clearneed 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 |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual creditors; Claims Received to Date for unsecured claims totals $50,333 (proofs of claim filed, a different and lower figure than the Statement of Affairs reported amount) — debtor: Southern Ontario Credit Bureau Inc. | $717K | Trustee Preliminary Report |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: no distribution.EstimatedTrustee Preliminary Report · 14 May 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee 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.
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| ||
Creditor Package
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Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Southern Ontario Credit Bureau Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/southern-ontario-credit-bureau-inc