Ontario · Receivership (court-appointed)
421342 Ontario Limited_Avis de faillite
Notice to creditors · 31 January 2023 · French
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 filing68 verified
- appointeeRaymond Chabot Inc.
- appointee roletrustee
- commencement date27 January 2023
- court file no33-2905592
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Deficiency stated as $5,177,359.59; Statement of Affairs (Form 78) sworn 27 January 2023 · page: 3 · as at: 2023-01-27 · basis: As stated and estimated by Bankrupt · scope: 421342 Ontario Limited (single entity) · currency: CAD · total assets: 5304414.73 · total liabilities: 10481774.32
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1379 · debtor: 421342 Ontario Limited · creditor: RMA - Credit Relief · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2311.42 · debtor: 421342 Ontario Limited · creditor: Jack's Towing · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 169.5 · debtor: 421342 Ontario Limited · creditor: Jeff Magee Plumbing & Heating · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 30252.14 · debtor: 421342 Ontario Limited · creditor: KD Transmissions · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 11587.75 · debtor: 421342 Ontario Limited · creditor: Kijiji Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 45.47 · debtor: 421342 Ontario Limited · creditor: Kingston Honda · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2689.73 · debtor: 421342 Ontario Limited · creditor: Kingston Hyundai · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 135.54 · debtor: 421342 Ontario Limited · creditor: Krown Rust Control · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 503.63 · debtor: 421342 Ontario Limited · creditor: Levac Supply · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 652.37 · debtor: 421342 Ontario Limited · creditor: Master Auto Supply · currency: CAD
- unsecured creditorsnote: provincial regulatory/tax authority claim · page: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1267.36 · debtor: 421342 Ontario Limited · creditor: Ministry of Finance Ontario · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 26290.5 · debtor: 421342 Ontario Limited · creditor: NAPA Auto Parts · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 260 · debtor: 421342 Ontario Limited · creditor: OMVIC · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 120.91 · debtor: 421342 Ontario Limited · creditor: Printfusion · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 783.05 · debtor: 421342 Ontario Limited · creditor: Purolator · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 699.05 · debtor: 421342 Ontario Limited · creditor: Red Stallion-E.May · currency: CAD
- unsecured creditorsnote: Listed separately as unsecured; RBC is also a secured creditor (GSA) per List B · page: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 60000 · debtor: 421342 Ontario Limited · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 7635.67 · debtor: 421342 Ontario Limited · creditor: Stinson & Son Ltd · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 41422.52 · debtor: 421342 Ontario Limited · creditor: Stox Distribution · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 866611.98 · debtor: 421342 Ontario Limited · creditor: 131211 Canada Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 330129.71 · debtor: 421342 Ontario Limited · creditor: 2539189 Ontario Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 270.06 · debtor: 421342 Ontario Limited · creditor: 407 ETR · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 99979.33 · debtor: 421342 Ontario Limited · creditor: 8236135 Canada Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 257.53 · debtor: 421342 Ontario Limited · creditor: Action Car and Truck Accessories · currency: CAD
- unsecured creditorsnote: deemed trust/quasi-governmental claim, listed as unsecured on List A separate from its secured claim on List B · page: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1 · debtor: 421342 Ontario Limited · creditor: Agence du revenu du Canada (ON-NB) · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 344.65 · debtor: 421342 Ontario Limited · creditor: All Ways Clean Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 395.5 · debtor: 421342 Ontario Limited · creditor: Auto Electric Re-Builders of Eastern Ontario · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 370.3 · debtor: 421342 Ontario Limited · creditor: Auto Parts Centres · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 635.73 · debtor: 421342 Ontario Limited · creditor: Auto Parts Centres-Belleville · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 18715.06 · debtor: 421342 Ontario Limited · creditor: Autotrader · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2762.05 · debtor: 421342 Ontario Limited · creditor: Belleville Nissan · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 531.65 · debtor: 421342 Ontario Limited · creditor: Car Keys Express · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2630.84 · debtor: 421342 Ontario Limited · creditor: CDK Global · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 4692.72 · debtor: 421342 Ontario Limited · creditor: Cintas · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 22054.93 · debtor: 421342 Ontario Limited · creditor: Consolidated Dealers · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 4515.48 · debtor: 421342 Ontario Limited · creditor: Dealercorp · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 6570.85 · debtor: 421342 Ontario Limited · creditor: Dealersocket · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 81.02 · debtor: 421342 Ontario Limited · creditor: Dilfo HVAC Services · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 17687.89 · debtor: 421342 Ontario Limited · creditor: Doug's Auto Parts · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 609.4 · debtor: 421342 Ontario Limited · creditor: Earl Rosebush Fuel · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 676.87 · debtor: 421342 Ontario Limited · creditor: eDealer.ca · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2307.68 · debtor: 421342 Ontario Limited · creditor: Equifax · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2430.55 · debtor: 421342 Ontario Limited · creditor: Fisher Auto Parts · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1113.46 · debtor: 421342 Ontario Limited · creditor: Gananoque Chevrolet · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 31530.14 · debtor: 421342 Ontario Limited · creditor: Town and Country Auto · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 141.25 · debtor: 421342 Ontario Limited · creditor: Vinyl Magic · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1207.5 · debtor: 421342 Ontario Limited · creditor: Wathier Auto Transport · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1122.18 · debtor: 421342 Ontario Limited · creditor: White's Equipment Service & Training · currency: CAD
- unsecured creditorsnote: regulatory claim · page: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 2014.81 · debtor: 421342 Ontario Limited · creditor: Workplace Safety & Insurance Board · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 395.5 · debtor: 421342 Ontario Limited · creditor: Wrays Fire Protection · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 1962.81 · debtor: 421342 Ontario Limited · creditor: Stox-Belleville · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 109.75 · debtor: 421342 Ontario Limited · creditor: Swish Maintenance · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-27 · basis: Statement of Affairs List A as stated by Bankrupt · amount: 325.44 · debtor: 421342 Ontario Limited · creditor: TouchUp Rx Kingston · currency: CAD
- secured creditorsnote: Employee secured claim; estimated value of security $0.00, full amount shown as unsecured balance · page: 6 · as of: 2023-01-26 · amount: 30000 · debtor: 421342 Ontario Limited · creditor: Employees · currency: CAD · security: INV - Various inventory - tires, rims, oil, parts and other miscellaneous items
- secured creditorsnote: Estimated value of security $5,090,854.64; unsecured balance of claim estimated at $3,533,965.36 per List B · page: 6 · as of: 2023-01-25 · amount: 8624820 · debtor: 421342 Ontario Limited · creditor: Royal Bank of Canada · currency: CAD · security: GSA; VEH - Motor vehicles (groups 1-5 of 5); MEP - Various shop equipment (8 hoists, 1 alignment track, 1 tire machine, 1 wheel balancer, shop tools, 4 storage cans); FUR - Office furniture and computer equipment; INV - inventory (tires, rims, oil, parts, misc.); REC - Accounts receivable; OTH - Intellectual property
- secured creditorsnote: Security given 27 Jan 2023 · page: 6 · as of: 2023-01-27 · amount: 62192.82 · debtor: 421342 Ontario Limited · creditor: Sprucewood Leasing Limited · currency: CAD · security: MEP - 2013 International Terrastar Straight Truck VIN: 1HTJSSKK9DH321165
- secured creditorsnote: Security given 27 Jan 2023; distinct lease from Sprucewood's other secured claim · page: 6 · as of: 2023-01-27 · amount: 30864.74 · debtor: 421342 Ontario Limited · creditor: Sprucewood Leasing Limited · currency: CAD · security: MEP - 2021 Kaufman 5 Car Hauler Trailer VIN: 5VGFE4432ML006363
- secured creditorsnote: Security given 27 Jan 2023; estimated value of security equals amount of claim, no surplus/unsecured balance · page: 6 · as of: 2023-01-27 · amount: 28376.8 · debtor: 421342 Ontario Limited · creditor: Agence du revenu du Canada (ON-NB) · currency: CAD · security: VEH - Motor vehicles (group 1 of 5)
- secured creditorsnote: Security given 25 Jan 2023 · page: 6 · as of: 2023-01-25 · amount: 92125.73 · debtor: 421342 Ontario Limited · creditor: CWB National Leasing Inc. · currency: CAD · security: MEP - Equipment pursuant to lease no. 3127568 (tire changer, tire balancer and alignment machine)
- unsecured creditorsnote: preferred creditor - landlord arrears of rent under s.136(1)(f) · page: 7 · as of: 2023-01-27 · basis: Statement of Affairs List C as stated by Bankrupt · amount: 1 · debtor: 421342 Ontario Limited · creditor: 1000203858 Ontario Inc. · currency: CAD
- unsecured creditorsnote: preferred creditor - landlord arrears of rent under s.136(1)(f) · page: 7 · as of: 2023-01-27 · basis: Statement of Affairs List C as stated by Bankrupt · amount: 1 · debtor: 421342 Ontario Limited · creditor: 1025970 Ontario Limited · currency: CAD
- unsecured creditorsnote: contingent liability - guarantee for 1000203858 Ontario Inc.; amount expected to rank for dividend is $0.00 · page: 8 · as of: 2023-01-27 · basis: Statement of Affairs List D as stated by Bankrupt · amount: 1 · debtor: 421342 Ontario Limited · creditor: Business Development Bank of Canada · currency: CAD