Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 13 January 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 filing9 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date24 December 2025
- court file no32-3315067
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Components per Statement of Affairs: Secured $98,548.77; Unsecured $378,551.71; Contingent $13,877,966.14; Total $15,355,066.62. Proven & filed claims to Jan 13, 2026 were only $1,839.57. Trustee notes Company had no remaining assets other than interests in lawsuits and a co-financed Hyundai vehicle with no equity. · basis: Per Statement of Affairs (debtor's own statement of claims) · scope: 2696214 Ontario Corporation (single entity) · currency: CAD · total liabilities: 15355066.62
- recovery outcomeentries: basis: estimated · quote: The Trustee does not anticipate any distribution to unsecured creditors at this time. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: at this time · claims qualifier: unstated · stated on: 2026-01-13 · table missing: