Quebec · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 11 December 2024
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What we verified from this filing7 verified
- financial positionnote: Reported deficiency of $6,702,418.95 (total assets $49,435.05 less total liabilities $6,751,854.00); liabilities composed of secured creditors $49,435.05, preferred creditors $0.00, unsecured creditors $6,702,418.95, contingent/trust claims $0.00 · page: 2 · as at: 2024-12-05 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: entity - 4366662 Canada Inc. (Pajar Brands) · currency: CAD · total assets: 49435.05 · total liabilities: 6751854
- secured creditorsnote: Claim bifurcated secured/unsecured by security valuation per Statement of Affairs: total claim $5,000,000.00, secured portion $49,435.05, unsecured (deficiency) portion $4,950,564.95, estimated surplus/(deficit) from security -4,950,564.95 · page: 4 · as of: 2024-12-04 · amount: 49435.05 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: CIBC · currency: CAD · security: Assets securing liability: line 1101 (inventory outside Canada), line 1102 (inventory in Canada), line 501 (other personal property - sales tax receivable)
- unsecured creditorsnote: Taxes federal/provincial/municipal; deemed trust class · page: 4 · as of: 2024-12-05 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorsnote: Taxes federal/provincial/municipal; deemed trust class · page: 4 · as of: 2024-12-05 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: ARC - Taxe Québec (CRA National Verification and Collection Centre) · currency: CAD
- unsecured creditorsnote: Royalties and Common Marketing Fund; stated as 794,450 USD converted to CAD · page: 4 · as of: 2024-12-05 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1077675 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: Authentic Brands Group · currency: CAD
- unsecured creditorsnote: Bifurcated secured/unsecured claim: total claim $5,000,000.00, secured portion $49,435.05 reported separately as secured creditor · page: 4 · as of: 2024-12-04 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 4950564.95 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: CIBC · currency: CAD
- unsecured creditorsnote: Related party: address (4509 Colonial Ave, Montreal QC H2T 1V8) matches debtor's principal place of business · page: 4 · as of: 2024-12-05 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 674177 · debtor: 4366662 Canada Inc. (Pajar Brands) · creditor: Pajar Distribution Ltd · currency: CAD