Ontario · Bankruptcy
Notice to Creditors - Untether Capital Inc.
Notice to creditors · 28 July 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- financial positionnote: Assets: cash on hand $339,222.20 (Cash in Bank), all other categories nil. Liabilities: unsecured $6,124,285.21, preferred $314,278.00, total $6,438,563.21. Resulting deficiency approx $6,099,341.01 (decoded from garbled text: 6,099,341.01 is inferred, not computed by extraction). Figures decoded from font-garbled text and should be verified against the page images. · page: 4 · as at: 2026-07-22 · basis: Statement of Affairs (Form 78) as reported by the debtor, signed by the director and sworn remotely 2026-07-22; estimated realizable values, not audited · scope: Untether Capital Inc. (single entity); no assets located outside Canada · currency: CAD · total assets: 339222.2 · total liabilities: 6438563.21
- secured creditorsnote: Amount is the debtor's own reported figure in the Form 78 list of liabilities. The page text is font-garbled; the figure was decoded from the character mapping (147,172.00) and is only partly certain. Whether the claim is secured or unsecured is inferred from the column position and the 'Bank loans except real property mortgage' label. Security opinion not stated. · page: 6 · as of: 2026-07-22 · amount: 147172 · debtor: Untether Capital Inc. · creditor: Bank of Montreal · currency: CAD · security: Bank loans (except real property mortgage). Statement of Affairs Form 78 lists the claim as secured, but the Total column reads 147,172.00 in the garbled text ("/0/0 ,/1',12)++" line), with no security asset or valuation legible.
- secured creditorsnote: Debtor's own reported figure per Form 78. Decoded from font-garbled text (232,177.00); only partly certain. Whether the claim is secured or unsecured is inferred from column position; no security valuation is legible. · page: 6 · as of: 2026-07-22 · amount: 232177 · debtor: Untether Capital Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Bank loans except real property mortgage; Loan 1206006-08 (BDC Loan)
- unsecured creditorsnote: Sales taxes, Federal/Provincial/Municipal. Amount is a $1.00 placeholder; actual amount not stated. Deemed-trust/Crown class. · page: 7 · as of: 2026-07-22 · basis: Statement of Affairs as reported; nominal $1.00 placeholder · amount: 1 · debtor: Untether Capital Inc. · creditor: Canada Revenue Agency - Sales taxes (GST/HST, Shawinigan-Sud Quebec Insolvency Intake Centre) · currency: CAD
- unsecured creditorsnote: Other source deductions taxes. Preferred claim per Form 78 preferred column (decoded from font-garbled text as 314,278.00, which equals the total preferred column). Deemed-trust class. Decoded from garbled text; partly certain. · page: 7 · as of: 2026-07-22 · basis: Statement of Affairs as reported; preferred claim · amount: 314278 · debtor: Untether Capital Inc. · creditor: CRA - Tax (Ontario Shawinigan-Sud National Verification and Collection Centre) - Other source deductions · currency: CAD
- unsecured creditorsnote: Total of all liabilities in the Form 78 list is 6,438,563.21, comprising 6,124,285.21 unsecured plus 314,278.00 preferred. The 6,124,285.21 unsecured subtotal is the debtor's figure. Decoded from font-garbled text; the total is corroborated by the Form 78 summary. Individual creditor entries follow the page-6 to page-9 listing. Proofs of claim filed are not yet stated. · page: 9 · as of: 2026-07-22 · basis: Statement of Affairs (Form 78) as reported by the debtor; total of the List of Liabilities · amount: 6438563.21 · debtor: Untether Capital Inc. · creditor: Unsecured creditors (aggregate as reported) - Form 78 total liabilities · currency: CAD