Ontario · Bankruptcy
Creditors' Package dated
Meeting materials · 9 May 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing11 verified · 1 withheld
- commencement date8 May 2023
- provinceOntario
- financial positionnote: Assignment in bankruptcy filed 5 May 2023, accepted by OSB and effective 8 May 2023. Liabilities: unsecured creditors List A $776,404.49 + balance of secured claims List B $469,804.89 = total unsecured creditors $1,246,209.38; secured creditors (estimated value of security) List B $18,527.00; preferred creditors List C $5,064.00; contingent/trust List D $0.00; total liabilities $1,269,800.38; surplus NIL. Deficiency $1,251,273.38. Assets estimated to produce $18,527.00 (cash/trust funds $17,527.00 + machinery est. $1,000.00, original cost of machinery $579,578.05). · page: 5 · as at: 2023-05-05 · basis: Form 78 Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer; sworn (solemnly declared) by Sam D'Uva on 5 May 2023 · scope: Entity - 1883686 Ontario Inc. o/a Wendel Clark's Classic Grill & Bar (Burlington), District of Ontario, Division 09 - Toronto; Court/Estate No. 31-2941791 · currency: CAD · total assets: 18527 · total liabilities: 1269800.38
- unsecured creditorsnote: 201 Guildwood Parkway, Toronto ON. · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 97022.49 · debtor: 1883686 Ontario Inc. · creditor: Guild Inn Management Inc. · currency: CAD
- unsecured creditorsnote: Canada Revenue Agency, accounts 839753845 RP0001, RC0001, RT0001; deemed-trust / tax class. Amount stated as nominal $1.00 placeholder in the SOA (exact CRA claim not quantified). · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: 1883686 Ontario Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: 16 Langdon Drive, Scarborough ON. Creditor name shares the surname of the officer who swore the SOA (Sam D'Uva) - possible related party. · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 619380 · debtor: 1883686 Ontario Inc. · creditor: D'uva Suppa Corp · currency: CAD
- unsecured creditorsnote: CEBA loan; c/o Kestenberg Litigation, Toronto. Distinct from the TD HASCAP secured claim. · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 60000 · debtor: 1883686 Ontario Inc. · creditor: TD Canada Trust (CEBA) · currency: CAD
- unsecured creditorsnote: This is the unsecured balance / shortfall of the TD Canada Trust HASCAP secured claim (List B, total amount of claim $488,331.89, estimated security value $18,527.00). Cross-references the secured entry - do not double-count. SOA List A shows $0.00 in the unsecured-claim column and $469,804.89 as balance of claim. · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer (balance of secured claim) · amount: 469804.89 · debtor: 1883686 Ontario Inc. · creditor: TD Canada Trust (HASCAP Loan) - unsecured shortfall · currency: CAD
- unsecured creditorsnote: WSIB, Attn: Eric Kupka, Toronto ON. Amount stated as nominal $1.00 placeholder in the SOA. · page: 6 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: 1883686 Ontario Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
- secured creditorsnote: Secured portion (estimated value of security) $18,527.00; unsecured shortfall / balance of claim $469,804.89 is separately listed in List A item 5 (see unsecured entry) - do not double-count. c/o Kestenberg Litigation, Toronto. SOA List B. · page: 7 · as of: 2023-05-05 · amount: 488331.89 · debtor: 1883686 Ontario Inc. · creditor: TD Canada Trust (HASCAP Loan) · currency: CAD · security: Amount of claim $488,331.89. Particulars of security (all as at 04-May-2023): Cash on Hand - funds held in a trust account (est. $15,243.57); Cash in Bank - acct 1482 xxxxx1 TD Bank ($1,257.75); Cash on Hand - Petty Cash ($1,025.68); Business Assets - Machinery, Various ($1,000.00). Estimated value of security $18,527.00.
- unsecured creditorsnote: PREFERRED creditor - landlord of 380 Brant St (895 Brant St, Suite 7, Burlington ON). Ranks ahead of ordinary unsecured. SOA List C amount of claim $5,064.00, amount payable in full $0.00. · page: 8 · as of: 2023-05-05 · basis: Statement of Affairs (Form 78) List C (Preferred Creditors for Wages, Rent, etc.), as stated and estimated by the officer · amount: 5064 · debtor: 1883686 Ontario Inc. · creditor: Emshih Developments Inc. · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.