Nova Scotia · NOI
Preliminary Report of the Trustee dated September 21, 2026
Court officer report · 21 September 2026
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 filing15 verified
- financial positionnote: Sides carry different as-at dates: assets December 31, 2025; creditors September 21, 2026. Assets include $536,883.79 related party receivables (Asia Halifax Restaurant + Bar $341,979.90; Beyond Boxes Luxury Gifting Limited $194,006.52, both related parties that ceased operations) and $204,534.83 goodwill. Trustee states fixed assets related to the Vandal Doughnuts operations were seized by landlords before the NOI filing and the only remaining assets are those at Crème. Trustee does not anticipate a distribution to unsecured creditors. · page: 7 · basis: Assets: Company's internal books and records as at December 31, 2025, unaudited (Trustee relied on unaudited information and expresses no assurance). Liabilities: Trustee's Creditor Listing, 'Total Creditors', as at the date of the Preliminary Report (September 21, 2026), based on books and records and communications with creditors; no proofs of claim received. · scope: Vandal Doughnuts Inc. (single entity). Total creditors comprise $468,153.48 secured (BMO) plus $3,756,601.78 unsecured. · currency: CAD · total assets: 2038295.08 · total liabilities: 4224755.26
- secured creditorsnote: Per the Trustee's Creditor Listing 'as at the date of this Preliminary Report'; no separate payout statement or demand is cited. Trustee notified BMO it will not take possession of the Company's personal property or take conservatory measures. Security opinion not obtained. · page: 9 · as of: 2026-09-21 · amount: 468153.48 · debtor: Vandal Doughnuts Inc. · creditor: Bank of Montreal · currency: CAD · security: Registered general security agreement over all present and after-acquired personal property, per PPRS search. Trustee has not reviewed BMO's security as registered.
- unsecured creditorsnote: Deemed-trust/priority class. Components stated by CRA: (i) unsecured claim of $223,228.30 for unremitted excise taxes ($213,107.26 principal and $10,121.04 penalties and interest); (ii) priority claim of $532,435.93 for unremitted payroll source deductions ($446,755.49 principal and $85,680.44 penalties and interest). Trustee anticipates CRA's priority claim for source deductions will absorb available funds. · page: 9 · as of: NOI filing date (August 12, 2026) · basis: CRA letter dated August 21, 2026 stating indebtedness as of the date of the NOI filing; Creditor Listing places the full amount under unsecured creditors · amount: 755664.23 · debtor: Vandal Doughnuts Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Nature of claim not described. · page: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing; no proofs of claim received · amount: 518366.84 · debtor: Vandal Doughnuts Inc. · creditor: 3344150 Nova Scotia Limited · currency: CAD
- unsecured creditorsnote: Nature of claim not described. · page: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing; no proofs of claim received · amount: 348491.3 · debtor: Vandal Doughnuts Inc. · creditor: 4558666 Nova Scotia Limited · currency: CAD
- unsecured creditorspage: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing; no proofs of claim received · amount: 19011.51 · debtor: Vandal Doughnuts Inc. · creditor: GFS Gordon Food Service · currency: CAD
- unsecured creditorspage: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing; no proofs of claim received · amount: 16385.55 · debtor: Vandal Doughnuts Inc. · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorspage: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing; no proofs of claim received · amount: 8527.6 · debtor: Vandal Doughnuts Inc. · creditor: Halifax Folding Cartons Limited · currency: CAD
- unsecured creditorsnote: Placeholder amount, not an actual balance. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: 4207583 Nova Scotia Limited · currency: CAD
- unsecured creditorsnote: Placeholder amount, not an actual balance. 23 employees at bankruptcy; eligible claims to be addressed through WEPPA, which the Trustee will administer. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: Employees · currency: CAD
- unsecured creditorsnote: Placeholder amount, not an actual balance. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: Nova Scotia Power Inc. · currency: CAD
- unsecured creditorsnote: Landlord of the Leased Premises. Placeholder amount, not an actual balance; Trustee refers to potential preferred claims of the Landlord. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: 1325 LWS Limited · currency: CAD
- unsecured creditorsnote: Placeholder amount, not an actual balance. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: Halifax Regional Municipality · currency: CAD
- unsecured creditorsnote: Placeholder amount, not an actual balance. · page: 9 · as of: 2026-09-21 · basis: Placeholder: claims listed as $1 are potential claims from creditors who were given notice of the bankruptcy · amount: 1 · debtor: Vandal Doughnuts Inc. · creditor: Workers Compensation Board of Nova Scotia · currency: CAD
- unsecured creditorsnote: Also the third party that provided the $40,000 retainer to the Trustee (p. 11). Nature of claim not described. · page: 9 · as of: 2026-09-21 · basis: Trustee's Creditor Listing based on Company's books and records and Trustee's communications with creditors; no proofs of claim received as of report date · amount: 2090148.75 · debtor: Vandal Doughnuts Inc. · creditor: 100318 P.E.I. INC. · currency: CAD