#Claims
Meeting of creditors recorded as the sole milestone in the proceeding, dated to the September 24, 2024 commencement date; no further particulars are on the record.
Source: Creditor's Package
The Valley Fire Side Shop Inc.
ActiveFollow
- Proceeding
- BankruptcyNotice of Bankruptcy, First Meeting of Creditors (Subsection 102(1) of the Act)
- File
- 26486
- Industry
- Retail · Home, furniture & electronics retail
OverviewSummary updated
The Valley Fire Side Shop Inc., a New Brunswick company, went into bankruptcy on September 24, 2024, with MNP Ltd. as trustee under file no. 26486, and creditors were called to a first meeting under subsection 102(1) of the Act. The Statement of Affairs, as stated and estimated by the debtor as at September 23, 2024, puts assets at $63,000.00 against liabilities of $670,533.00, a deficiency of $607,533.00. Liabilities comprise $215,883.00 secured, $8,250.00 preferred and $446,400.00 unsecured. Secured positions include TD Canada Trust at $78,927.00, CBDC Charlottetown/Kings at $77,011.00, RBC at $28,360.00 and Mercedes-Benz Financial Services Canada at $7,728.00 against a 2019 Mercedes-Benz Sprinter. The Business Development Bank of Canada is the largest unsecured claim at $255,680.00, followed by Wolf Steel Ltd. at $31,399.00; CRA is owed $41,381.00 in HST and $23,857.00 in payroll taxes.
Proceedings AIOpen Proceedings AI
Case updates1 dated entry
Parties
Debtor
The Valley Fire Side Shop Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD Canada Trust c/o FCT Default Solutions · in 55 casesBank loans except real property mortgage - Business Accounts — Loan incurred 03-Jun-2019 — debtor: The Valley Fire Side Shop Inc. · as of 23 Sep 2024 | $78.9K | Creditor's Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
28 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments1 filing
| Date | Document | File |
|---|---|---|
Creditor's Package
| 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 Valley Fire Side Shop Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/the-valley-fire-side-shop-inc