Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 9 October 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 filing8 verified
- appointeeTDB Restructuring Limited
- appointee roletrustee
- commencement date7 October 2026
- court file no32-3372196
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Form 78 states secured creditors 0.00, preferred creditors 0.00, unsecured creditors 19,578,926.93, contingent/trust claims 0.00; total assets $1.00 (cash on hand only); deficiency stated as -19,578,925.93 (the form also mislabels the same figure as 'Surplus' on the liabilities side). Statement of Affairs states the date of the bankruptcy as 23rd day of May 2026, while the Form 68 notice states the assignment was filed 7 October 2026 — dates are inconsistent within the document. Reason for financial difficulty ticked: Economic Downturn. The listed unsecured creditors on the pages provided (mostly numbered corporations; many entries at nominal $1.00 placeholder amounts) do not themselves sum to the stated $19.58M total; the remaining creditor pages were not provided. No secured creditors are listed on the pages provided. · page: 3 · as at: 2026-05-23 · basis: Form 78 Statement of Affairs (Corporate Bankruptcy), as stated by the bankrupt/debtor; verified by HONEY HUNDAL; dated 28-May-2026 · scope: Lion Force Transport Inc. (single entity, Brampton, Ontario) · currency: CAD · total assets: 1 · total liabilities: 19578926.93
- secured creditors