T Plus Studio Inc.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3147879
T Plus Studio Inc. is bankrupt in Ontario, the bankruptcy taking effect at 11:30 on 31 October 2024 under section 49 of the Bankruptcy and Insolvency Act, with MNP LTD / MNP LTÉE as trustee under estate file 31-3147879. The Form 78 statement of affairs sworn by director Sidney Tan on 30 October 2024 reports total assets of $7,309.33 — $3,316.83 on deposit at CIBC and accounts receivable of $8,149.98 estimated to realize $3,992.50 — against liabilities of $479,532.56, of which $476,215.73 is unsecured, leaving a stated deficiency of $472,223.23. CRA source deductions of $361,240.38 dating from 31 December 2019 dominate the claims. The director attributed the failure to negative market conditions, economic downturn and lack of working capital. The estate remains active.
Certificate of Appointment was filed. Court file 31-3147879.
Source: Certificate of Appointment
Debtor
T Plus Studio Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA: Source DeductionsAsset securing the liability shown as items 101, 1301, 501 (deposits in financial institutions; Brandshare sublease account receivable; leasehold improvement) — Secured portion only of a CPP/EI source-deductions claim totalling $361,240.38 (unsecured portion $357,923.55); liability dated 31-Dec-2019. Secured amount equals the cash on deposit at CIBC ($3,316.83). Form 78 statement of affairs as sworn by the director; no ground for priority stated in the priority column. — debtor: T Plus Studio Inc. · as of 30 Oct 2024 | $3.32K | Notice to Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
| Affidavit of Mailing - Notice to Creditors | PDF · Subscribers | |
| Affidavit of Mailing Notice to Director and file notices with OSB | PDF · Subscribers | |
| Tear Sheet of Newspaper Ad | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| 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., “T Plus Studio Inc.” (Bankruptcy). Retrieved 24 October 2026, https://proceedings.ca/case/t-plus