Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors including creditors package
Meeting materials · 26 September 2024
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What we verified from this filing18 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date25 September 2024
- court file no31-3132889
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Deficiency of $484,539.12 reported; secured creditors totaled $273,081.75, preferred creditors $0.00, unsecured creditors $141,207.00, contingent/trust claims $70,307.32 · page: 2 · as at: 2024-09-25 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: 10054577 Canada Inc. (single entity) · currency: CAD · total assets: 56.95 · total liabilities: 484596.07
- secured creditorsnote: Statement of Affairs as at date of bankruptcy; estimated deficiency from security of -273,024.80 (i.e., security realizes negligibly against claim) · page: 4 · as of: 2024-09-25 · amount: 273081.75 · debtor: 10054577 Canada Inc. · creditor: BMO Bank of Montreal (formerly MBanx) c/o Bankruptcy Highway.com · currency: CAD · security: Bank loans except real property mortgage; secured against asset(s) 101, 1101 (cash on hand and trade fixtures)
- unsecured creditorsnote: Credit card / Bank/Trust Companies Issuers · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 20202 · debtor: 10054577 Canada Inc. · creditor: BMO Mastercard c/o Bankruptcy Highway.com · currency: CAD
- unsecured creditorsnote: Taxes - Source Deductions; total claim $70,308.32 split $1.00 unsecured/$70,307.32 contingent-trust claim (deemed trust class) · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1 · debtor: 10054577 Canada Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: Corporate Tax · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1 · debtor: 10054577 Canada Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: Insurance - Other liability · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1000 · debtor: 10054577 Canada Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: Bank Loans except real property mortgage; total claim $273,082.75 split $1.00 unsecured/$273,081.75 secured (bifurcated by security value) · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1 · debtor: 10054577 Canada Inc. · creditor: BMO Bank of Montreal (formerly MBanx) c/o Bankruptcy Highway.com · currency: CAD
- unsecured creditorsnote: Contingent, trust claims or other liabilities - Source Deduction taxes; deemed trust class · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 70307.32 · debtor: 10054577 Canada Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: CEBA - Other · page: 5 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1 · debtor: 10054577 Canada Inc. · creditor: Export Development Canada · currency: CAD
- unsecured creditorsnote: Taxes · page: 5 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 1 · debtor: 10054577 Canada Inc. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD
- unsecured creditorsnote: GST/HST · page: 5 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 60000 · debtor: 10054577 Canada Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: CEBA loan (bank loans except real property mortgage) · page: 5 · as of: 2024-09-25 · basis: Statement of Affairs as reported · amount: 60000 · debtor: 10054577 Canada Inc. · creditor: BMO Bank of Montreal (formerly MBanx) c/o Bankruptcy Highway.com · currency: CAD