Xirix Network Corporation
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 35-2947509
Xirix Network Corporation became bankrupt on May 25, 2023 at 07:53, with MNP Ltd. acting as Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act in Ontario, court file 35-2947509. The Statement of Affairs put assets at $861,214 on a liquidation basis, consisting primarily of one outstanding account receivable, against liabilities of $7,735,144.89, all unsecured; a PPSA search disclosed no creditors appearing to hold valid security over the Company's assets. The Canada Revenue Agency is the only creditor to have filed in the estate, with a claim proven and filed at $6,754,180.09 as of June 13, 2023 arising from an HST audit that disallowed input tax credits. The estate remains active.
Certificate of Appointment was filed. Court file 35-2947509.
Source: Certificate of Appointment
Meeting of creditors recorded as the sole milestone in the proceedings, carrying the 25 May 2023 commencement date rather than a separately recorded date.
Source: Creditor's Package
Debtor
Xirix Network Corporation
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canada Revenue Agency · in 985 casesStatement of Affairs listed this claim at $7,735,144.89 (approx., see note); proven and filed amount as of June 13, 2023 is $6,754,180.09. Arises from CRA HST audit disallowing input tax credits; outstanding balance of assessment stated as $6,754,180 as at date of bankruptcy. Only claim filed in the estate to date. — debtor: Xirix Network Corporation · as of 13 Jun 2023 | $6.75M | Trustee's Preliminary Report |
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 |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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., “Xirix Network Corporation” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/xirix-network-corporation