Worn Out Inc.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 31-2444977
- Industry
- Manufacturing · Textiles, apparel & furniture
Worn Out Inc. became bankrupt on November 19, 2018 in Ontario, under the Bankruptcy and Insolvency Act, with The Fuller Landau Group Inc. as Licensed Insolvency Trustee under estate number 31-2444977. Its statement of affairs, sworn as at November 16, 2018, reported a deficiency of $200,000.21 against total assets of $17,500. The largest unsecured claims were owed to the Canadian Imperial Bank of Commerce at $98,913.50 and Harold Fortis at $40,142.69, followed by Beau-Fab Inc. at $27,508.64. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
Certificate of Appointment was filed. Court file 31-2444977.
Source: Certificate of Appointment
Undated filings1 — no date appears on the document · show
Debtor
Worn Out Inc.
Trustee in bankruptcy
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canadian Imperial Bank of Commerce · in 72 casesbank listed as unsecured creditor — debtor: Worn Out Inc. · as of 16 Nov 2018 | $98.9K | Statement of Affairs |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
19 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: not yet estimated.Preliminary Report · 6 Dec 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Preliminary Report · 6 Dec 2018 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
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 plans| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
| Proof of Claim | 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., “Worn Out Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/worn-out-inc