Whatswhat, Inc. is in bankruptcy proceedings under the BIA following its Date of Bankruptcy of June 16, 2015. The Trustee's First Report shows total debt of approximately $1.2 million and a shareholder deficiency of approximately $2.6 million as at June 30, 2015, up from $992,000 and $2.4 million, respectively, at the two preceding fiscal year-ends. A search of the Ontario Personal Property Security Registry as at July 13, 2015 found no security registrations, leaving the company with no secured creditors. Unsecured debt is owed to roughly 12 creditors, dominated by $1,084,000 owed to Russell and Irma Tench, parents of founder Aaron Tench, which is to be assumed by purchaser Tench Labs Incorporated under a Proposal. At the July 30, 2015 Creditors' Meeting, five eligible unsecured creditors holding $41,022.93 in claims voted unanimously in favour of the Proposal.
The court granted an approval and vesting order for the sale to Tench Labs Incorporated. Closing terms, as extracted: Effective Date deemed to occur upon delivery of Trustee's Certificate; vesting of Purchased Assets in Purchaser free and clear of Claims occurs upon delivery of the Trustee's Certificate.
Source: Issued and Entered Approval and Vesting Order of Justice Penny
Debtor
Whatswhat, Inc.
Trustee in bankruptcy
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Associate Judge Jean | Ontario Superior Court of Justice | 2 orders, Jun 2015 | 23 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Dentons Canada LLP | 16 Jun 2015 | Endorsement · 16 Jun 2015 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Russell Tench and Irma Tench (Tench Debt)as of Date of Bankruptcy — Related party — Russell and Irma Tench are parents of founder/director Aaron Tench and holders of the Company's Class B common shares; loans were made on an unsecured basis. Represents approximately 90% of total unsecured debt of ~$1.2 million at the Date of Bankruptcy (prose approximation given as 'approximately $1.1 million'); exact figure of $1,084,000 given as the 'face value of the Tench Debt' used in the Proposal's Closing Date purchase price calculation (see page 13). Under the Proposal this debt is to be assumed by the Purchaser (Tench Labs Incorporated, owne | $1.08M | Motion Record returnable |
| Unsecured |
1 more claim in 1 class The stack holds Unsecured claims.
Every creditor and every amount.
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See all plansSale approvedIssued and Entered Approval and Vesting Order of Justice Penny · 12 Aug 2015
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Tench Labs Incorporatedthe assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 9 Jul 2015 | Subscribers | Approved12 Aug 2015 | Issued and Entered Approval and Vesting Order… |
As at ·
The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Issued and Entered Approval and Vesting Order of Justice Penny
| PDF · Subscribers | |
Motion Record returnable
| PDF · Subscribers | |
Endorsement of Master Jean
| PDF · Subscribers | |
Issued and Entered Order of Master Jean – June-16-2015
| PDF · Subscribers | |
Application for a Bankruptcy Order
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CiteProceedings., “Whatswhat, Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/whatswhat-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/whatswhat-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.