#Claims
The company filed an assignment in bankruptcy, opening the Ontario estate under court file 35-2855752 and bringing its creditors into the bankruptcy process.
Source: Creditors Package
The Carpet Place Inc.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 35-2855752
Filings held3
Last activity12 Aug 2022
On the record1,501 days
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Trustee's report recorded the August 12, 2022 assignment, the PPSR registrations against the company, the BNS security assigned to director Gerard Holden, and unsecured claims per the Statement of Affairs.
Source: Preliminary Report of Trustee
#Report
Court officer report filed on the commencement date, fixing the operative date and time of the proceeding as August 12, 2022 at 15:33.
Source: Certificate of Appointment
Parties
Debtor
The Carpet Place Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | De Lage Landen Financial Service Canada Inc.Equipment specific — Registered security per PPSR; Trustee not aware of any secured creditor claims as of report — debtor: The Carpet Place Inc. | — | Preliminary Report of Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedPreliminary Report of Trustee · 31 Aug 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report of Trustee · 31 Aug 2022 |
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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| PDF · Subscribers | |
Creditors Package
| 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., “The Carpet Place Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/the-carpet-place-inc