The sampler App Inc. Bankruptcy

The Sampler App Inc. made an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on June 27, 2024 at 14:22, and the Ontario estate remains active under Rosen Goldberg Inc. as trustee. The Bank of Nova Scotia claims $2,500,000 under a general security agreement carrying a first charge over assets other than certain computer equipment, and seized funds in the company's bank account by way of set-off after the assignment. The Business Development Bank of Canada claims $2,000,000 under a general security agreement subordinated to the Bank of Nova Scotia, Eastern Ontario Community Futures Development Corporation $208,000, and Vault Credit Corporation $60,000 against specific computer equipment. Provable unsecured claims filed to date total $4,794,662, against $12,574,440 estimated on the statement of affairs.