The Sanctuary Day Spas Inc. became bankrupt on January 17, 2025 in Ontario, under section 49 of the Bankruptcy and Insolvency Act, with TDB Restructuring Limited as Licensed Insolvency Trustee under estate number 35-3175530. Its statement of affairs, sworn as at January 17, 2025, reported a deficiency of $475,105.29 against total assets of $41,820. CIBC held a secured claim of $41,820 under a HASCAP loan, together with unsecured claims of $154,939.37 and $60,000 under a CEBA loan. Outstanding gift certificates totalled $242,448. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Trustee's Preliminary Report to the Creditors. The Company has ceased operations, vacated its leased premises, and abandoned its remaining assets, which are subject to the secured creditor's general security agreement; the Trustee anticipates no funds will be available for distribution. Court file 35-3175530.
Source: Trustee’s Preliminary Report to the Creditors dated January 30, 2025
1 earlier update, back to 17 January 2025 — subscribers.
1 filings carry no date on their face — subscribers.
Debtor
The Sanctuary Day Spas Inc.
Trustee in bankruptcy
TDB Restructuring
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | CIBC · in 69 casesHASCAP Loan - CIBC; Bank Loans except real property mortgage — Total claim $196,759.37 (unsecured $154,939.37 + secured $41,820.00); date given/incurred 13-Jan-2025 — debtor: The Sanctuary Day Spas Inc. · as of 17 Jan 2025 | $41.8K | Notice of Bankruptcy and First Meeting of Creditors |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report to the Creditors dated January 30, 2025
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Assignment in Bankruptcy
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
| Proof of Claim Form | 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 Sanctuary Day Spas Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/the-sanctuary-day-spas-inc
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/the-sanctuary-day-spas-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.