#Claims
Claims process approved on the same date the proceedings commenced, establishing the mechanism for creditors to advance claims against the company.
Source: Notice of First Meeting of Creditors of The Paper Express Shoppe (2017) Inc.
The Paper Express Shoppe (2017) Inc.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 32-2654637
OverviewSummary updated
The Paper Express Shoppe (2017) Inc., an Ontario paper supplier, made an assignment in bankruptcy on June 26, 2020 under section 49 of the Bankruptcy and Insolvency Act, with Baigel Corp. as trustee under estate number 32-2654637. The Statement of Affairs, sworn as at June 19, 2020, puts total assets at $46,228.34 against total liabilities of $620,664.51, a stated deficiency of $574,436.17, with no preferred, contingent or trust claims. Unsecured claims total $313,796.28, a figure that includes the unsecured balances of the secured claims. BDC holds two loans, $145,740.00 secured on a cutting machine, inventory, forklift, receivables and furniture valued at $46,228.34, and $47,221.92 for which the security is valued at nil; 1320268 Ontario Limited's $167,062.70 claim is likewise shown as wholly unsecured. Other creditors include REWB at $148,000.00 and BMO at $40,000.00. The estate remains open.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
The Paper Express Shoppe (2017) Inc.
Trustee in bankruptcy
Baigel Corp.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 1320268 Ontario LimitedDebts due (accounts receivable), furniture (desks & file storage, racking), forklift, cutting machine, inventory stock; security given 20-Jul-2018 — Statement of Affairs List B; estimated value of security $0.00, full balance $167,062.70 unsecured per surplus calc — debtor: The Paper Express Shoppe (2017) Inc. · as of 19 Jun 2020 | $167K | Notice of First Meeting of Creditors of The Paper Express Shoppe (2017) Inc. |
19 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents1 filing
| Date | Document | File |
|---|---|---|
Notice of First Meeting of Creditors of The Paper Express Shoppe (2017) Inc.
| 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 Paper Express Shoppe (2017) Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/the-paper-express-shoppe-2017-inc