Proceedings.

The Twisters Inc.

Follow
Active
Proceeding
BankruptcySubsection 102(1) of the Act
File
31-3337044
Filings held2
Last activity23 Feb 2026
On the record210 days
OverviewSummary updated

The Twisters Inc. filed an assignment in bankruptcy on the 23rd day of February 2026, commencing a proceeding under the Bankruptcy and Insolvency Act in Ontario. Subsection 102(1) of the Act is the statutory basis carried on the record. The bankruptcy remains active. The file records a single dated milestone, the assignment itself, and no further steps have been entered since that date.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates2 dated entries
#Claims

The Twisters Inc. filed an assignment, commencing the bankruptcy in Ontario under subsection 102(1) of the Act; the record marks a claims process approved as of this date.

Source: Notice to Creditors

Parties

Debtor

The Twisters Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
Priority classCreditorAmountSource
UnsecuredBusiness Development Bank of Canada - Toronto · in 24 casesBank loans except real property mortgage, account nos. 255102-02 and 255102-03 — debtor: The Twisters Inc. · as of 23 Feb 2026$84.7KNotice to Creditors
UnsecuredAmerican Express c/o FCT Default Solutions · in 46 casesAccounts payable - Visa card ending 32002 — debtor: The Twisters Inc. · as of 23 Feb 2026$30.9KNotice to Creditors
UnsecuredRBC Royal Bank Visa c/o Bankruptcy Highway.com · in 7 casesAccounts payable, account nos. 4516070109098840 — debtor: The Twisters Inc. · as of 23 Feb 2026$13.7KNotice to Creditors
UnsecuredCRA - GST/HST - Jonquiere National Verification and Collection Centre · in 3 casesCorporate taxes; marked as placeholder (value for notification only) - amount shown as nil — debtor: The Twisters Inc. · as of 23 Feb 2026$0Notice to Creditors
Estate financialsReported figures — never derived
Total assets at filing$17.8K
Total liabilities at filing$129K

As at 23 Feb 2026 · per Statement of Affairs (Form 78) - totals from the list of assets/liabilities as stated and estimated by bankrupt/debtor · entity - The Twisters Inc. (corporate bankrupt) — Secured creditors line stated as $0.00 (no secured creditors reported); Preferred creditors/securities/priorities line also $0.00; deficiency of $111,495.11 reported.

Documents2 filings
DateDocumentFile
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 23 February 2026
  • Court file no 31-3337044
  • + 1 more extracted fact
PDF
Notice to Creditors
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 23 February 2026
  • Court file no 31-3337044
  • + 6 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “The Twisters Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/the-twisters-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/the-twisters-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.