Xirix Network Corporation
Follow- 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.
Trustee's report fixed the bankruptcy at 07:53 on May 25, 2023 and set out the Statement of Affairs assets, unsecured liabilities and PPSA search results.
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 926 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 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| 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 20 September 2026, https://proceedings.ca/case/xirix-network-corporation