Telemus Systems Inc.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act (Canada)
- File
- 33-2761138
Filings held3
Last activity24 Aug 2021
On the record1,854 days
OverviewSummary updated
Telemus Systems Inc. filed a Statement of Affairs dated August 24, 2021 showing total assets of $15,000.00 against total liabilities of $638,631.31, a deficiency of $623,631.31. No secured creditors were listed. The largest unsecured claims include $330,085.03 in aggregate employee claims and $120,880.62 owed to Spain-based CM Computer (Computadores Modulares, S.A.), with a preferred claim of $45,476.10 from Communications Components Antenna Inc. for wages and rent. The remainder of the unsecured debt is spread across roughly thirty trade creditors, ranging from utilities and telecom providers to equipment and parts suppliers, with amounts as small as $52.64.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
The officer filed a report.
Source: Trustee's Report to the First Meeting of Creditors on Preliminary Administration [ ]
Parties
Debtor
Telemus Systems Inc.
Trustee in bankruptcy
KPMG
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 6 | Landlord preferred | Communications Components Antenna Incpreferred claim (BIA List C) — debtor: Telemus Systems Inc. · as of 24 Aug 2021 | $45.5K | Telemus Notice to Creditor |
| 8 | Unsecured | Various Employees · in 37 casesAggregate employee claims; individual employees not named — debtor: Telemus Systems Inc. · as of 24 Aug 2021 | $330K | Telemus Notice to Creditor |
| 8 | Unsecured | CM Computer (Computadores Modulares, S.A.)Foreign creditor (Spain); statement notes SOA prepared using a USD-to-CAD exchange rate of 1.25 — debtor: Telemus Systems Inc. · as of 24 Aug 2021 | $121K | Telemus Notice to Creditor |
| 8 | Unsecured | MDB PARTNERS, LLCdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $69.5K | Telemus Notice to Creditor |
| 8 | Unsecured | Mentor Graphics (Canada) Inc.debtor: Telemus Systems Inc. · as of 24 Aug 2021 | $15.5K | Telemus Notice to Creditor |
| 8 | Unsecured | Vaive And Associatesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $12.3K | Telemus Notice to Creditor |
| 8 | Unsecured | Orion Canada Inc.debtor: Telemus Systems Inc. · as of 24 Aug 2021 | $9.75K | Telemus Notice to Creditor |
| 8 | Unsecured | UPS Canada · in 92 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $7.77K | Telemus Notice to Creditor |
| 8 | Unsecured | Dan's Precision Tools Incdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $6.84K | Telemus Notice to Creditor |
| 8 | Unsecured | Hydro Ottawa · in 24 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $4.39K | Telemus Notice to Creditor |
| 8 | Unsecured | CadActivedebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $3.33K | Telemus Notice to Creditor |
| 8 | Unsecured | Allstream · in 14 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $2.64K | Telemus Notice to Creditor |
| 8 | Unsecured | Huber+Suhnerdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $2.09K | Telemus Notice to Creditor |
| 8 | Unsecured | Jan-Pro Cleaning Systems · in 6 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $1.22K | Telemus Notice to Creditor |
| 8 | Unsecured | ALT Technical Ltddebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $846 | Telemus Notice to Creditor |
| 8 | Unsecured | Enbridge · in 71 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $845 | Telemus Notice to Creditor |
| 8 | Unsecured | Infinite Electronic International, Inc - Pasternackdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $805 | Telemus Notice to Creditor |
| 8 | Unsecured | Bell Mobility · in 83 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $674 | Telemus Notice to Creditor |
| 8 | Unsecured | Waste Management · in 60 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $519 | Telemus Notice to Creditor |
| 8 | Unsecured | Uline Canada Corporation · in 71 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $508 | Telemus Notice to Creditor |
| 8 | Unsecured | ADT Security Services Canada Inc. · in 22 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $496 | Telemus Notice to Creditor |
| 8 | Unsecured | Van Houtte Coffee Services · in 4 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $490 | Telemus Notice to Creditor |
| 8 | Unsecured | Bell Canada · in 298 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $403 | Telemus Notice to Creditor |
| 8 | Unsecured | RLC ELECTRONICS INCdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $389 | Telemus Notice to Creditor |
| 8 | Unsecured | ElectroRentdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $289 | Telemus Notice to Creditor |
| 8 | Unsecured | Ricoh Canada Inc. · in 32 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $198 | Telemus Notice to Creditor |
| 8 | Unsecured | Denis Office Supplies · in 5 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $174 | Telemus Notice to Creditor |
| 8 | Unsecured | Iron Mountain · in 20 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $118 | Telemus Notice to Creditor |
| 8 | Unsecured | McMaster-Carr · in 31 casesdebtor: Telemus Systems Inc. · as of 24 Aug 2021 | $53 | Telemus Notice to Creditor |
Estate financialsReported figures — never derived
Total assets at filing$15K
Total liabilities at filing$639K
As at 24 Aug 2021 · per Statement of Affairs (Form 78) as stated and estimated by the officer · entity - Telemus Systems Inc. — Secured creditors as per List "B" reported at $0.00 (no secured creditors indicated). Deficiency of $623,631.31 stated. SOA notes it was prepared using a US dollar to Canadian dollar exchange rate of 1.25.
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Report to the First Meeting of Creditors on Preliminary Administration [ ]
| ||
Telemus Notice to Creditor
| ||
Certificate of Appointment dated August 24, 2021
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Telemus Systems Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/telemus-systems-inc