New Brunswick · Bankruptcy
Creditor's Package
Meeting materials · 24 September 2024
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What we verified from this filing38 verified
- appointeeMNP Ltd.
- appointee roletrustee
- commencement date24 September 2024
- court file no26486
- proceeding typebia_bankruptcy
- provinceNew Brunswick
- statutory basisNotice of Bankruptcy, First Meeting of Creditors (Subsection 102(1) of the Act)
- statutory basisSubsection 102(1) of the Act
- secured creditorsnote: Loan incurred 15-Aug-2018 · page: 5 · as of: 2024-09-23 · amount: 28360 · debtor: The Valley Fire Side Shop Inc. · creditor: RBC Royal Bank / Banque Royale (Attn c/o Bankruptcy Highway 101) · currency: CAD · security: Bank Loans except real property mortgage - Operating Line, Visa, Credit Line
- secured creditorsnote: Loan incurred 03-Jun-2019 · page: 5 · as of: 2024-09-23 · amount: 78927 · debtor: The Valley Fire Side Shop Inc. · creditor: TD Canada Trust c/o FCT Default Solutions · currency: CAD · security: Bank loans except real property mortgage - Business Accounts
- secured creditorsnote: Listed as secured creditor no. 1 on Statement of Affairs, dated 14-Dec-2023 · page: 5 · as of: 2024-09-23 · amount: 77011 · debtor: The Valley Fire Side Shop Inc. · creditor: CBDC Charlottetown/Kings (Attn: Geoff Knight) · currency: CAD · security: Business loan
- unsecured creditorsnote: HST taxes (Federal/Provincial/Municipal) · page: 5 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 41381 · debtor: The Valley Fire Side Shop Inc. · creditor: CRA - Tax-Atlantic · currency: CAD
- unsecured creditorsnote: Corporate tax (Federal/Provincial/Municipal); negative value as stated on the form · page: 5 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: -11119 · debtor: The Valley Fire Side Shop Inc. · creditor: CRA - Tax-Atlantic · currency: CAD
- unsecured creditorsnote: Payroll taxes (Federal/Provincial/Municipal), incurred 01-Aug-2024 · page: 5 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 23857 · debtor: The Valley Fire Side Shop Inc. · creditor: CRA - Tax-Atlantic · currency: CAD
- secured creditorsnote: Loan incurred 10-Aug-2020 · page: 6 · as of: 2024-09-23 · amount: 7728 · debtor: The Valley Fire Side Shop Inc. · creditor: Mercedes-Benz Financial Services Canada Corporation · currency: CAD · security: Finance Company Loans - Vehicle Loan; asset securing liability listed as item #01 (2019 Mercedes-Benz Sprinter)
- unsecured creditorsnote: preferred/priority claim, rent arrears (ground for priority: Rent) · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 8250 · debtor: The Valley Fire Side Shop Inc. · creditor: Horizon Management Limited (preferred portion) · currency: CAD
- unsecured creditorsnote: Bank loans except real property mortgage - Business Loan · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 255680 · debtor: The Valley Fire Side Shop Inc. · creditor: Business Development Bank of Canada, Atlantic Special Accounts · currency: CAD
- unsecured creditorsnote: Supplier · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 10000 · debtor: The Valley Fire Side Shop Inc. · creditor: Kevin Campbell · currency: CAD
- unsecured creditorsnote: Supplier · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 17652 · debtor: The Valley Fire Side Shop Inc. · creditor: Gordon Kraushaar · currency: CAD
- unsecured creditorsnote: Phone Service · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 479 · debtor: The Valley Fire Side Shop Inc. · creditor: Bell Canada · currency: CAD
- unsecured creditorsnote: Supplier · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 453 · debtor: The Valley Fire Side Shop Inc. · creditor: Livingston International · currency: CAD
- unsecured creditorsnote: Rent Arrears; also has $8,250.00 listed under preferred/priority column with ground for priority marked 'Rent' · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 15140 · debtor: The Valley Fire Side Shop Inc. · creditor: Horizon Management Limited · currency: CAD
- unsecured creditorsnote: Credit Cards Other Issuers · page: 6 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 4389 · debtor: The Valley Fire Side Shop Inc. · creditor: American Express c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 12626 · debtor: The Valley Fire Side Shop Inc. · creditor: Kerr Control Attn Rachel Sibley · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 224 · debtor: The Valley Fire Side Shop Inc. · creditor: Linde Canada Inc. · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 3253 · debtor: The Valley Fire Side Shop Inc. · creditor: LeRoys Heating Services Ltd. · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 6244 · debtor: The Valley Fire Side Shop Inc. · creditor: National Energy Equipment Inc. · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 31399 · debtor: The Valley Fire Side Shop Inc. · creditor: Wolf Steel Ltd. · currency: CAD
- unsecured creditorsnote: Power service · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 335 · debtor: The Valley Fire Side Shop Inc. · creditor: NB Power (Attn: Natalie Lejeune) · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 1923 · debtor: The Valley Fire Side Shop Inc. · creditor: Powrmatic · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 5924 · debtor: The Valley Fire Side Shop Inc. · creditor: Olympia Chimney of Canada Inc. · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 6239 · debtor: The Valley Fire Side Shop Inc. · creditor: Compact Appliances Limited · currency: CAD
- unsecured creditorsnote: Supplier · page: 7 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: The Valley Fire Side Shop Inc. · creditor: Northrup Properties · currency: CAD
- financial positionnote: Deficiency of $607,533.00; secured creditors total $215,883.00, preferred creditors/priorities $8,250.00, unsecured creditors $446,400.00, contingent/trust claims $0.00; totals per Form 78 Statement of Affairs list of liabilities · page: 8 · as at: 2024-09-23 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: The Valley Fire Side Shop Inc. (entity-level, not consolidated) · currency: CAD · total assets: 63000 · total liabilities: 670533
- unsecured creditorsnote: Supplier · page: 8 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 14376 · debtor: The Valley Fire Side Shop Inc. · creditor: Weber Stephen (Canada) Co · currency: CAD
- unsecured creditorsnote: Workers' Compensation · page: 8 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 1 · debtor: The Valley Fire Side Shop Inc. · creditor: WorkSafeNB / Travail sécuritaire NB - Head Office (Attn: Thomas Wood) · currency: CAD
- unsecured creditorsnote: Supplier · page: 8 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 5667 · debtor: The Valley Fire Side Shop Inc. · creditor: Source Atlantic · currency: CAD
- unsecured creditorsnote: Supplier · page: 8 · as of: 2024-09-23 · basis: Statement of Affairs as reported · amount: 1715 · debtor: The Valley Fire Side Shop Inc. · creditor: Traeger Pellet Grills Canada Inc. · currency: CAD