The Bownesian Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 25-2842173
The Bownesian Ltd.'s bankruptcy proceeding rests on a Statement of Affairs sworn as at June 24, 2022, showing total liabilities of $555,934.49 against assets of $93,607.41, a stated deficiency of $462,327.08. Secured claims are held by De Lage Landen Financial Services Canada Inc., Servus Credit Union Ltd., RBC Royal Bank, The Grocery People Ltd., Federated Co-Operatives Limited and Business Development Bank of Canada, all against cash on hand; several of these claims are bifurcated, with unsecured balances carried to the unsecured creditor list once security values are applied. Unsecured claims also include a $60,000 CEBA loan owed to the CRA, $11,563.65 to Waste Solutions Canada, and nominal claims from the CRA and Go Beyond Collection Agency. No further procedural history has been recorded.
Debtor
The Bownesian Ltd.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada · in 251 casesParticulars of security listed as "Cash on Hand" — Estimated value of security stated as $0.00; entire balance of claim ($313,935.53) carries forward to List A as unsecured (bifurcated secured/unsecured by security valuation). — debtor: The Bownesian Ltd. · as of 24 Jun 2022 | $314K | Creditor Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 more claims in 2 classes The stack holds Secured 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 |
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Creditor Package
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CiteProceedings., “The Bownesian Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/the-bownesian-ltd