Ontario · Bankruptcy

Notice of Bankruptcy - Notice to Creditors-2261853 Ontario Inc.

Notice to creditors · 27 November 2024

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 filing1 verified

financial positionnote: Liabilities by category: secured creditors 651,239.05; preferred 0.00; unsecured 1,622,577.79; contingent/trust 0.00. Deficiency stated as -1,622,577.79. The form also prints a 'Surplus' line of 1,622,577.79, which appears inconsistent with the stated deficiency. Assets: inventory 605,537.05; vehicles 45,701.00; accounts receivable 1.00; cash and deposits 0.00. The document refers to the date of bankruptcy as 18 November 2024 for the statement of affairs and 21 November 2024 as the filing date. · as at: 2024-11-18 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt/debtor, sworn 18-Nov-2024; original (not amended) · scope: 2261853 Ontario Inc. c.o.b. as The Hardwood Outlet (single entity) · currency: CAD · total assets: 651239.05 · total liabilities: 2273816.84