Ontario · Bankruptcy
Notice to creditors dated July 29, 2025
Notice to creditors · 29 July 2025
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What we verified from this filing7 verified
- financial positionnote: Liabilities per Form 78 summary: secured $0.00, preferred $0.00, unsecured $13,372,812.00, contingent/trust $0.00, total $13,372,812.00; deficiency $5,764,394.41. Assets $7,608,417.59 = deposits in financial institutions $6,298.00 (RBC chequing), securities $7,250,000.00 (100% shares of Thunder Bay Broom & Chemicals Ltd.), and other property $352,119.59 (London Life RRSPs/policies $147,229.79 + $204,889.80). Bankruptcy Order made 22 July 2025 (Court No. BK-25-00000003-00, Estate No. 21-3250594, Thunder Bay, Ontario); trustee KSV Restructuring Inc.; designated person Brent Massaro. Amended SOA sworn 28 July 2025 by Brent Jason Scott Massaro. secured_creditors returned as empty array because the Form 78 affirmatively records $0.00 secured with no creditor in the secured column. · page: 3 · as at: 2025-07-22 · basis: Statement of Affairs (Form 78, Corporate Bankruptcy) as stated and estimated by debtor; marked Amended · scope: Entity — BJSM Holdings Ltd. · currency: CAD · total assets: 7608417.59 · total liabilities: 13372812
- unsecured creditorsnote: Judgment/litigation award creditor; care of Paliare Roland Rosenberg Rothstein LLP (Attn: Daniel Rosenbluth), Toronto. Reason for bankruptcy stated on Form 78 as 'Legal Matters — Judgement rendered company bankrupt.' · page: 5 · as of: 2025-07-22 · basis: Statement of Affairs (Form 78) as stated by debtor; nature: litigation/legal costs and awards (litigation award) · amount: 13350000 · creditor: Tyler Hogan and TGN Holdings Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-07-22 · basis: Statement of Affairs (Form 78) as stated by debtor; nature: litigation/legal costs and awards · amount: 11108 · creditor: Buset LLP · currency: CAD
- unsecured creditorsnote: Listed with $0.00 and marked in the 'values for notification only' (placeholder) column · page: 5 · as of: 2025-07-22 · basis: Statement of Affairs (Form 78) as stated by debtor; nature: accounts payable (accountant) · amount: 0 · creditor: Ledgers · currency: CAD
- unsecured creditorsnote: Attn: Steven Beaucage · page: 5 · as of: 2025-07-22 · basis: Statement of Affairs (Form 78) as stated by debtor; nature: bank loans except real property mortgage · amount: 11704 · creditor: RBC Avion Visa · currency: CAD
- unsecured creditorsnote: CRA — deemed-trust class; listed with $0.00 and marked in the 'values for notification only' (placeholder) column · page: 5 · as of: 2025-07-22 · basis: Statement of Affairs (Form 78) as stated by debtor; nature: corporate taxes · amount: 0 · creditor: Canada Revenue Agency · currency: CAD
- secured creditors