Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors including creditors package.
Meeting materials · 25 June 2025
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What we verified from this filing26 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date24 June 2025
- court file no33-3239355
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Total liabilities comprise: secured creditors $2.00, preferred creditors/securities/priorities $0.00, unsecured creditors $452,252.09, contingent/trust claims or other liabilities $24,393.53. Deficiency of $476,645.62 stated. Sworn/declared by Spencer Robert Smith on 23-Jun-2025. · page: 13 · as at: 2025-06-23 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: Immerse Ltd. (corporate entity) · currency: CAD · total assets: 2 · total liabilities: 476647.62
- secured creditorsnote: Statement of Affairs as sworn; secured portion is $1.00 per the liabilities table · page: 15 · as of: 2025-06-23 · amount: 1 · debtor: Immerse Ltd. · creditor: BMO Financial Group · currency: CAD · security: Asset securing the liability: item 101 (deposits in financial institutions); HASCAP loan, total claim $80,000.00, of which $79,999.00 unsecured and $1.00 secured
- unsecured creditorsnote: Total claim $80,000.00; $1.00 secured, remainder unsecured; loan given 01-Jan-2024 · page: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 79999 · debtor: Immerse Ltd. · creditor: BMO Financial Group (HASCAP) · currency: CAD
- unsecured creditorspage: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: BMO Financial Group (CEBA) · currency: CAD
- unsecured creditorspage: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1196.5 · debtor: Immerse Ltd. · creditor: BMO Financial Group (Overdraft) · currency: CAD
- unsecured creditorspage: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 22955.14 · debtor: Immerse Ltd. · creditor: BMO Mastercard · currency: CAD
- unsecured creditorsnote: Nature of liability: Other · page: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 3000 · debtor: Immerse Ltd. · creditor: Brabury Properties · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Loan) · page: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 34000 · debtor: Immerse Ltd. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: deemed trust class (corporate/tax liability); CRA claim · page: 15 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: CRA - Tax - Ontario (Corporate taxes) · currency: CAD
- secured creditorsnote: Statement of Affairs as sworn · page: 16 · as of: 2025-06-23 · amount: 1 · debtor: Immerse Ltd. · creditor: On Deck Capital Canada Inc. · currency: CAD · security: Asset securing the liability: item 501 (intangible assets); business loan given 01-Jan-2024, total claim $1.00 secured
- unsecured creditorsnote: deemed trust class (HST/corporate tax liability); CRA claim · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 60094.45 · debtor: Immerse Ltd. · creditor: CRA - Tax - Ontario (HST) · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Natural Gas) · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (CEBA) · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 60000 · debtor: Immerse Ltd. · creditor: Export Development Canada · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Invoice) · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 40000 · debtor: Immerse Ltd. · creditor: Fedorki · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Electricity) · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: Hydro One (formerly Woodstock Hydro Services Inc.) · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Business loan); individual creditor, possible related party not stated · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 150000 · debtor: Immerse Ltd. · creditor: Lloyd Dalyrmple · currency: CAD
- unsecured creditorsnote: deemed trust class (payroll source deductions); CRA claim; also listed with $24,393.53 as contingent/trust claim in same row · page: 16 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: CRA - Tax - Ontario (Payroll) · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (Phone/Internet) · page: 17 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1000 · debtor: Immerse Ltd. · creditor: Rogers Communications / CBV Collection · currency: CAD
- unsecured creditorsnote: Nature of liability: Other (WSIB) · page: 17 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: Corporate taxes (Municipal Tax); regulatory/tax claim · page: 17 · as of: 2025-06-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: Immerse Ltd. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD