Zio's Pizza Kitchen Ltd.
FollowActive
- Proceeding
- NOIBankruptcy and Insolvency Act R.S.C. 1985, c. B-3
- File
- 24494
Filings held8
Last activity23 Jan 2020
On the record2,580 days
Secured debt$769K
OverviewSummary updated
Zio's Pizza Kitchen Ltd., a Moncton restaurant operator, filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act on August 29, 2019 in the Court of Queen's Bench of New Brunswick, file 24494. The proceeding is active. The Form 78 statement of affairs for the business proposal, as at November 5, 2019 and estimated by Sandro Speranza, shows assets of $1,764,317.48 against liabilities of $2,988,745.61, a stated deficiency of $1,224,428.13, with secured claims of $2,535,780.00 and unsecured claims of $452,965.61. Secured positions include four CIBC accounts held c/o TECHCOM Managed Services, two Business Development Bank of Canada loans, and deemed trust claims of $228,000 by CRA and $87,500 by the New Brunswick Department of Finance against the building and land at 214 Church Street, Moncton and the 14-146 Mountain Road parking lot.
Proceedings AIAsk this case — answers cite the filings
Case updates8 dated entries
#Order
A second interim order was granted, six weeks after the first; the record gives no content for it.
#Order
An interim order was granted, commencing the proceeding against Zio's Pizza Kitchen Ltd. in New Brunswick under court file 24494; the record states no terms.
Parties
Debtor
Zio's Pizza Kitchen Ltd.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Atlantic · in 45 casesReal property/immovable - Building and Land - Moncton, 214 Church Street — Deemed trust / CRA secured claim class — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $228K | Creditor's Package |
| 3 | Deemed trusts (CRA and other) | New Brunswick Department of Finance - Tax · in 3 casesReal property/immovable - Building and Land - Moncton, 214 Church Street — Provincial tax deemed trust/security class; estimated surplus from security of 888,784.98 noted (appears to reflect combined property value across secured creditors) — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $87.5K | Creditor's Package |
| 4 | Secured | Business Development Bank of Canada - Atlantic (account 092051-01) · in 13 casesReal property/immovable - Building and Land - Moncton, 214 Church Street; Real property - 14-146 Mountain Road parking lot (given 19-Dec-2013) — Estimated surplus from security of 116,500.00 noted — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $769K | Creditor's Package |
| 4 | Secured | CIBC c/o TECHCOM Managed Services (account 00024009824251) · in 9 casesReal property/immovable - Building and Land - Moncton, 214 Church Street; Cash on hand; Accounts Receivable; Real property - 14-146 Mountain Road parking lot — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $764K | Creditor's Package |
| 4 | Secured | CIBC c/o TECHCOM Managed Services (account 00024009824359) · in 9 casesOther - General Restaurant Furniture & Equipment; Inventory; Real property/immovable - Building and Land - Moncton, 214 Church Street; Real property - 14-146 Mountain Road parking lot — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $344K | Creditor's Package |
| 4 | Secured | CIBC c/o TECHCOM Managed Services (account 00024009835253) · in 9 casesReal property/immovable - Building and Land - Moncton, 214 Church Street; Real property - 14-146 Mountain Road parking lot; Accounts Receivable — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $157K | Creditor's Package |
| 4 | Secured | CIBC c/o TECHCOM Managed Services (account 00024009824650) · in 9 casesReal property/immovable - Building and Land - Moncton, 214 Church Street; Real property - 14-146 Mountain Road parking lot; Accounts Receivable — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $76.5K | Creditor's Package |
| 4 | Secured | Business Development Bank of Canada - Atlantic (account 092051-02) · in 13 casesOther - General Restaurant Furniture & Equipment (01-Jan-2019); Other - Accounts Receivable (01-Jan-2018) — Estimated surplus from security of 1,252.50 noted — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $47.8K | Creditor's Package |
| 4 | Secured | Silver Chef Rentals Inc. · in 6 casesOther - Silverchef Restaurant Equipment, given 01-Jan-2019 — Balance of claim 22,838.44 after estimated security value 19,625.00 — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $42.5K | Creditor's Package |
| 4 | Secured | Scotiabank c/o Canaccede International Management Ltd. · in 39 casesMotor Vehicles - Automobile - 2017 Toyota Tacoma — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $28.9K | Creditor's Package |
| 4 | Secured | CWB National Leasing Inc. (formerly National Leasing Group Inc.) · in 110 casesOther - CWB POS & Thermal Printers, given 01-Jan-2019 — Balance of claim 15,345.00 after estimated security value 5,150.00 — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $20.5K | Creditor's Package |
| 4 | Secured | Blue Chip Leasing Corporation · in 22 casesOther - Bluechip Security System, given 01-Jan-2019 — Balance of claim 10,319.64 after estimated security value 3,350.00 — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $13.7K | Creditor's Package |
| 4 | Secured | Chandler Sales, a division of J.D. Irving LimitedOther - Chandler dishwashers x2, given 01-Jan-2019 — Balance of claim 113.00 after estimated security value 4,300.00 — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $4.41K | Creditor's Package |
| 8 | Unsecured | New Brunswick Department of Finance - Tax (unsecured portion) · in 3 casesProvincial tax; also listed as secured in List B for same amount with estimated surplus from security — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $87.5K | Creditor's Package |
| 8 | Unsecured | Bird Constructiondebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $85K | Creditor's Package |
| 8 | Unsecured | Ellsworth Johnson Phillipsdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $59.6K | Creditor's Package |
| 8 | Unsecured | WorkSafeNB / Travail sécuritaire NB - Head Office · in 4 casesRegulatory workers' compensation claim — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $31.4K | Creditor's Package |
| 8 | Unsecured | Signature Landscape Ltddebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $29.5K | Creditor's Package |
| 8 | Unsecured | Saputo Inc. · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $23.7K | Creditor's Package |
| 8 | Unsecured | Silver Chef Rentals Inc. (unsecured balance) · in 6 casesAlso secured for 42,463.44 in List B — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $22.8K | Creditor's Package |
| 8 | Unsecured | Maurice McGraw - Consultantdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $17.3K | Creditor's Package |
| 8 | Unsecured | GFS Gordon Food Service · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $16.5K | Creditor's Package |
| 8 | Unsecured | CWB National Leasing Inc./formerly National Leasing Group Inc.Also secured for 20,495.00 in List B — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $15.3K | Creditor's Package |
| 8 | Unsecured | Blue Chip Leasing Corporation (unsecured balance) · in 22 casesAlso listed as secured creditor with balance of claim 10,319.64 — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $10.3K | Creditor's Package |
| 8 | Unsecured | Boudreau Albert Savoie & Associatesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $6.92K | Creditor's Package |
| 8 | Unsecured | Superior Propane · in 56 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $6.24K | Creditor's Package |
| 8 | Unsecured | MCW Maricordebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $5.57K | Creditor's Package |
| 8 | Unsecured | Canadian Linen & Uniform Service · in 36 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $5.37K | Creditor's Package |
| 8 | Unsecured | Franco Plumbing & Heatingdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $4.64K | Creditor's Package |
| 8 | Unsecured | Chandler Sales, a division of J.D. Irving Limited (unsecured portion)Balance of claim 113.00; also secured for 4,413.00 in List B — debtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $4.42K | Creditor's Package |
| 8 | Unsecured | Efficient Contractingdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $2.93K | Creditor's Package |
| 8 | Unsecured | Jonic Ventilation Incdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $2.84K | Creditor's Package |
| 8 | Unsecured | Maritime Fireplacesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $1.87K | Creditor's Package |
| 8 | Unsecured | ADT Security Services Canada Inc. · in 22 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $1.39K | Creditor's Package |
| 8 | Unsecured | Down East Coffee Roastersdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $1.16K | Creditor's Package |
| 8 | Unsecured | Old Time Meat Marketdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $1.05K | Creditor's Package |
| 8 | Unsecured | Reinhard Degenhardt - European Sausage Farmdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $1.04K | Creditor's Package |
| 8 | Unsecured | Super Cleandebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $862 | Creditor's Package |
| 8 | Unsecured | Hansen Signs · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $780 | Creditor's Package |
| 8 | Unsecured | Atlantic Restaurant Equipment & Supplydebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $660 | Creditor's Package |
| 8 | Unsecured | Valley Refrigerationdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $640 | Creditor's Package |
| 8 | Unsecured | Maritime Custom Restaurant Hoodsdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $600 | Creditor's Package |
| 8 | Unsecured | Esslinger Foods Ltd · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $598 | Creditor's Package |
| 8 | Unsecured | Troy Life & Firedebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $572 | Creditor's Package |
| 8 | Unsecured | Praxair Canada Inc - Corporate accounts · in 6 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $550 | Creditor's Package |
| 8 | Unsecured | Dan's Welding & Fabrication Ltddebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $517 | Creditor's Package |
| 8 | Unsecured | Yellow Pages Group Co. · in 10 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $484 | Creditor's Package |
| 8 | Unsecured | JM Giffin Engineering Incdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $476 | Creditor's Package |
| 8 | Unsecured | Brunswick Fyr & Safety Accessoriesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $435 | Creditor's Package |
| 8 | Unsecured | Actus Law Droitdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $413 | Creditor's Package |
| 8 | Unsecured | KKP Monctondebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $349 | Creditor's Package |
| 8 | Unsecured | Miller Waste Systems Inc. - Markham Division · in 4 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $330 | Creditor's Package |
| 8 | Unsecured | Maheu & Maheu · in 19 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $116 | Creditor's Package |
| 8 | Unsecured | Carter's Septic Tank Service Ltd · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $115 | Creditor's Package |
| 8 | Unsecured | Moncton Fish Market · in 2 casesdebtor: Zio's Pizza Kitchen Ltd. · as of 5 Nov 2019 | $35 | Creditor's Package |
RecoveriesAs stated in the filings
Unsecured creditors: $90K.Under the plan · sanctionedCourt Order Approving Proposal · 23 Jan 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Class "D" | — | 60 %conditional | Under the plansanctionedper the trustee | Amended Proposal · 29 Nov 2019 |
| Preferred | — | — | paid in full | Under the plansanctionedper the trustee | Court Order Approving Proposal · 23 Jan 2020 |
| Unsecured | Class C | — | $90Kconditional | Under the plansanctionedper the trustee | Court Order Approving Proposal · 23 Jan 2020 |
| class not placed | Class D | — | $235Kconditional | Under the plansanctionedper the trustee | Court Order Approving Proposal · 23 Jan 2020 |
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.
Estate financialsReported figures — never derived
Total assets at filing$1.76M
Total liabilities at filing$2.99M
As at 5 Nov 2019 · per Form 78 Statement of Affairs (Business Proposal), as stated and estimated by the officer (Sandro Speranza) · Zio's Pizza Kitchen Ltd. (entity-level, single debtor) — Deficiency of $1,224,428.13 stated. Liabilities comprise: unsecured creditors 404,349.53 + balance of secured claims 48,616.08 = total unsecured 452,965.61; secured creditors 2,535,780.00; preferred creditors NIL; contingent/other liabilities NIL. No preferred, contingent, or trust claims listed.
Documents8 filings
| Date | Document | File |
|---|---|---|
Court Order Approving Proposal
| ||
Second Amended Proposal
| ||
Amended Proposal
| ||
Creditor's Package
| ||
Proposal
| ||
Court Order Approving Second Extension
| ||
Court Order Approving First Extension
| ||
| Certificate of Filing Notice of Intention to Make a Proposal | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Zio's Pizza Kitchen Ltd.” (NOI), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/zios-pizza-kitchen-ltd