Ontario · Bankruptcy
Notice of Bankruptcy & Meeting of Creditors of 2583350 Ontario Inc. oa Method Fitness
Notice to creditors · 8 March 2019
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What we verified from this filing23 verified
- appointeeBaigel Corp.
- appointee roletrustee
- commencement date7 March 2019
- court file no31-2483583
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Deficiency $746,037.00; Surplus NIL. Liabilities detail: unsecured (List A) $860,202.00 + balance of secured claims (List B) $0.00 = total unsecured $860,202.00; secured (List B) $0.00 (List B blank); preferred (List C) $0.00 (List C blank); contingent/trust (List D) $0.00. Only asset is fitness equipment (List H): original cost $228,330.00, estimated to produce $114,165.00. Sworn 7 March 2019; Certificate of Appointment records date/time of bankruptcy as March 08, 2019, 11:59. · page: 5 · as at: 2019-03-07 · basis: Statement of Affairs (Form 78, Business Bankruptcy), liabilities and assets as stated and estimated by the officer · scope: Single entity - 2583350 Ontario Inc. (o/a Method Fitness), Toronto, Ontario · currency: CAD · total assets: 114165 · total liabilities: 860202
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: 360 Impact Group · currency: CAD
- unsecured creditorsnote: listed as unsecured (Attn: Special Accounts) · page: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 120000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Business Development Bank of Canada - Toronto · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 240 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Cintas · currency: CAD
- unsecured creditorsnote: Canada Revenue Agency tax claim (deemed trust class) · page: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 17000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3800 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: DeBoer Mechanical · currency: CAD
- unsecured creditorsnote: aggregate group entry as named on List A; no individual employees itemised; listed as ordinary unsecured (not on preferred List C) · page: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 13202 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Employee group · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1500 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1500 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Gail Carver · currency: CAD
- unsecured creditorsnote: aggregate group entry as named on List A (prepaid gym memberships); no individual members itemised · page: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 85000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Gym Members group · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 10000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: MMC Financial Corp · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1100 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Mr Linen · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Rogers / CBV Collection · currency: CAD
- unsecured creditorsnote: related party - individuals (Sulaiman Speed is the officer who swore the Statement of Affairs); shareholder/director loan class; listed as unsecured · page: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 600000 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Sulaiman Speed & Hala El-Boraie · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2500 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Toronto Hydro-Electric Systems Limited · currency: CAD
- unsecured creditorspage: 6 · as of: 2019-03-07 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 360 · debtor: 2583350 Ontario Inc. (o/a Method Fitness) · creditor: Wasteco · currency: CAD
- secured creditors