Ontario · Bankruptcy

Notice of bankruptcy

Notice to creditors · 27 April 2026

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appointeeRaymond Chabot Inc.
appointee roletrustee
commencement date21 April 2026
court file noBK-26-03362464-0033
statutory basisSubsection 102(1) of the Act
financial positionnote: Total assets per Form 78 summary shown as $0.00 but the itemised List of Assets totals $155,001.00; total liabilities comprise secured $3,633,540.77, preferred/priorities $0.00, unsecured $2,779,099.04, contingent/other $0.00; deficiency of $6,412,639.81 stated · page: 2 · as at: 2026-04-21 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: 1872025 Ontario Inc. (Throttle Powersports), entity-level · currency: CAD · total assets: 155001 · total liabilities: 6412639.81
unsecured creditorspage: 4 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 396.63 · debtor: 1872025 Ontario Inc. · creditor: All Seasons Publication LTD · currency: CAD
unsecured creditorspage: 4 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 82020 · debtor: 1872025 Ontario Inc. · creditor: 12919486 Canada inc. · currency: CAD
unsecured creditorsnote: Deemed trust in favour of the Crown · page: 4 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 0 · debtor: 1872025 Ontario Inc. · creditor: Agence du revenu du Canada (ON-NB) - Corporate taxes DAS · currency: CAD
unsecured creditorspage: 4 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 0 · debtor: 1872025 Ontario Inc. · creditor: Agence du revenu du Canada (ON-NB) - Corporate taxes income tax · currency: CAD
unsecured creditorsnote: Deemed trust class (Crown claim) · page: 4 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1419182.49 · debtor: 1872025 Ontario Inc. · creditor: Agence du revenu du Canada (ON-NB) - Sales taxes GST/HST · currency: CAD
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor · page: 5 · as of: 2026-04-21 · amount: 287831.79 · debtor: 1872025 Ontario Inc. · creditor: Banque de Montréal · currency: CAD · security: n/a
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor; listed as secured (surplus/deficit from security estimated at $0) · page: 5 · as of: 2026-04-21 · amount: 943460.96 · debtor: 1872025 Ontario Inc. · creditor: Banque de Développement du Canada · currency: CAD · security: n/a
unsecured creditorspage: 5 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 594559.29 · debtor: 1872025 Ontario Inc. · creditor: AXIS Dealer Solutions · currency: CAD
unsecured creditorsnote: Bank loans (except real property mortgage) · page: 5 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 18150.18 · debtor: 1872025 Ontario Inc. · creditor: Banque Nationale du Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 7150 · debtor: 1872025 Ontario Inc. · creditor: Axis Tire and Rim Warranty · currency: CAD
unsecured creditorspage: 6 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 8210.51 · debtor: 1872025 Ontario Inc. · creditor: Bell Mobilité (commercial) · currency: CAD
unsecured creditorspage: 6 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 20109.69 · debtor: 1872025 Ontario Inc. · creditor: Caisse Desjardins du Québec · currency: CAD
unsecured creditorspage: 6 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1376.48 · debtor: 1872025 Ontario Inc. · creditor: Canadien Linen · currency: CAD
unsecured creditorspage: 6 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 65.12 · debtor: 1872025 Ontario Inc. · creditor: Bell Canada (commercial) · currency: CAD
unsecured creditorspage: 6 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 90668.54 · debtor: 1872025 Ontario Inc. · creditor: Breeze Financial Solutions · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 954.18 · debtor: 1872025 Ontario Inc. · creditor: Cintas Canada Limited · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1875.42 · debtor: 1872025 Ontario Inc. · creditor: Cornwall Electric · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 309.89 · debtor: 1872025 Ontario Inc. · creditor: Credit Essentiels · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 7627.5 · debtor: 1872025 Ontario Inc. · creditor: Ceecam · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 0 · debtor: 1872025 Ontario Inc. · creditor: Chaitons LLP · currency: CAD
unsecured creditorspage: 7 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 112.94 · debtor: 1872025 Ontario Inc. · creditor: COGECO Connexion inc. · currency: CAD
unsecured creditorspage: 8 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 512.66 · debtor: 1872025 Ontario Inc. · creditor: Enbridge Gas Distribution Inc. · currency: CAD
unsecured creditorspage: 8 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 72.87 · debtor: 1872025 Ontario Inc. · creditor: Federal Express Canada Corporation · currency: CAD
unsecured creditorspage: 8 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 23250.24 · debtor: 1872025 Ontario Inc. · creditor: Estrie Marine inc. · currency: CAD
unsecured creditorspage: 8 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: De Lage Landen Financial Services · currency: CAD
unsecured creditorspage: 8 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 182.74 · debtor: 1872025 Ontario Inc. · creditor: Equifax Canada · currency: CAD
unsecured creditorspage: 9 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1627 · debtor: 1872025 Ontario Inc. · creditor: GAP · currency: CAD
unsecured creditorspage: 9 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 7611.6 · debtor: 1872025 Ontario Inc. · creditor: Fogler Rubinoff LLP · currency: CAD
unsecured creditorspage: 9 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 35237.74 · debtor: 1872025 Ontario Inc. · creditor: Gamma Powersports · currency: CAD
unsecured creditorspage: 9 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 0 · debtor: 1872025 Ontario Inc. · creditor: GE Commercial Distribution Finance Canada · currency: CAD
unsecured creditorspage: 9 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 3667.81 · debtor: 1872025 Ontario Inc. · creditor: GP Splinter Forest Products Ltd. · currency: CAD
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor · page: 10 · as of: 2026-04-21 · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: Huntington Commercial Finance Canada · currency: CAD · security: n/a
unsecured creditorspage: 10 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 20534.51 · debtor: 1872025 Ontario Inc. · creditor: Journey Motor Group · currency: CAD
unsecured creditorspage: 10 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1789.32 · debtor: 1872025 Ontario Inc. · creditor: Kawasaki Canada · currency: CAD
unsecured creditorspage: 10 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 10019.71 · debtor: 1872025 Ontario Inc. · creditor: Hunts Property Maintenance · currency: CAD
unsecured creditorspage: 10 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 493.96 · debtor: 1872025 Ontario Inc. · creditor: Hydro Almonte · currency: CAD
unsecured creditorspage: 10 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 671.6 · debtor: 1872025 Ontario Inc. · creditor: Hydro Kingston · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 101923.32 · debtor: 1872025 Ontario Inc. · creditor: LightspeedDMS · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 332.33 · debtor: 1872025 Ontario Inc. · creditor: Mercury Marine · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 191604.97 · debtor: 1872025 Ontario Inc. · creditor: Kawasaki Motors Finance · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 2866.31 · debtor: 1872025 Ontario Inc. · creditor: Kawasaki Wells Fargo Commercial Distribution · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1217.53 · debtor: 1872025 Ontario Inc. · creditor: Kimpex · currency: CAD
unsecured creditorspage: 11 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 90.28 · debtor: 1872025 Ontario Inc. · creditor: K-Line Industries inc. · currency: CAD
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor · page: 12 · as of: 2026-04-21 · amount: 257030.76 · debtor: 1872025 Ontario Inc. · creditor: North Point Commercial Finance · currency: CAD · security: n/a
unsecured creditorspage: 12 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 169.39 · debtor: 1872025 Ontario Inc. · creditor: Part Source · currency: CAD
unsecured creditorspage: 12 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 2398.16 · debtor: 1872025 Ontario Inc. · creditor: NET 2 Phone · currency: CAD
unsecured creditorspage: 12 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 7011.07 · debtor: 1872025 Ontario Inc. · creditor: Northbridge Insurance · currency: CAD
unsecured creditorspage: 12 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 6000 · debtor: 1872025 Ontario Inc. · creditor: Ontario Federation of All Terrain Vehicle · currency: CAD
unsecured creditorspage: 12 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 531.51 · debtor: 1872025 Ontario Inc. · creditor: Parts Canada · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: Pembroke Nissan · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 83359.8 · debtor: 1872025 Ontario Inc. · creditor: Polaris Industries Ltd · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 73.83 · debtor: 1872025 Ontario Inc. · creditor: Propane Levac · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 440.88 · debtor: 1872025 Ontario Inc. · creditor: Safety-Kleen · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: Santander Consumer · currency: CAD
unsecured creditorspage: 13 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1073.5 · debtor: 1872025 Ontario Inc. · creditor: Sayvee · currency: CAD
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor · page: 14 · as of: 2026-04-21 · amount: 1858911.1 · debtor: 1872025 Ontario Inc. · creditor: TCF Commercial Finance Canada · currency: CAD · security: n/a
unsecured creditorspage: 14 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 686.01 · debtor: 1872025 Ontario Inc. · creditor: Superior Plumbing and Hydronics inc. · currency: CAD
unsecured creditorspage: 14 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 7962.4 · debtor: 1872025 Ontario Inc. · creditor: Tomlinson Enviromental Services · currency: CAD
unsecured creditorspage: 14 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 5149.29 · debtor: 1872025 Ontario Inc. · creditor: Tomlinson Enviromental Services Kingston · currency: CAD
unsecured creditorspage: 14 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 39.44 · debtor: 1872025 Ontario Inc. · creditor: Scheel communications · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 532.11 · debtor: 1872025 Ontario Inc. · creditor: UTV Canada · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 2318.2 · debtor: 1872025 Ontario Inc. · creditor: VIP-Air inc. · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 3193.67 · debtor: 1872025 Ontario Inc. · creditor: Tomlinson Enviromental Services Pembroke · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: Toyota Industries Commercial · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1443.28 · debtor: 1872025 Ontario Inc. · creditor: Ultramar Parkland Corporation · currency: CAD
unsecured creditorspage: 15 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 112.9 · debtor: 1872025 Ontario Inc. · creditor: Utilities Kingston · currency: CAD
secured creditorsnote: Statement of Affairs as reported by bankrupt/debtor · page: 16 · as of: 2026-04-21 · amount: 286304.16 · debtor: 1872025 Ontario Inc. · creditor: Wells Fargo Financial Corporation Canada · currency: CAD · security: n/a
unsecured creditorspage: 16 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 124.24 · debtor: 1872025 Ontario Inc. · creditor: WTC Communications · currency: CAD
unsecured creditorspage: 16 · as of: 2026-04-21 · basis: Statement of Affairs as reported · amount: 1 · debtor: 1872025 Ontario Inc. · creditor: Vision AST inc. · currency: CAD