The Carpet Place Inc.

The Carpet Place Inc. filed an assignment in bankruptcy on August 12, 2022 under the Bankruptcy and Insolvency Act in Ontario, court file 35-2855752, and the estate remains active. The Statement of Affairs reports unsecured creditors of $1,706,045, with proofs of claim received to date totalling $305,206 — the amount claimed by Westwood, the Wharncliffe landlord, for rent arrears and damages. The Bank of Nova Scotia held general and motor-vehicle security, assigned in September 2021 to sole director Gerard Holden in consideration of his assuming the BNS debt; Holden says a security deficit existed. PPSR searches also show registrations by Benjamin Moore & Co. Limited, CLE Capital Inc., De Lage Landen Financial Service Canada Inc., On Deck Capital Canada Inc. and Royal Bank of Canada, but none in Holden's favour, and his asserted general security agreement is unsupported pending documentation. The trustee is not aware of any secured creditor claims.