Ontario · Bankruptcy

Notice of Bankruptcy and Impending Automatic Discharge dated February 4, 2019

Notice to creditors · 4 February 2019

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unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 752927723RT; shown $0.00 in debt columns, SOA states 'Contingent $ = 113,052.94'; second of two identical 752927723RT rows (apparent duplicate in the SOA); excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 113052.94 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9 (Other); Toronto ON · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: 1742240 Ontario Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3 (finance company loan); North York ON · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: 2M7 Financial Solutions · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9 (Other); North Vancouver BC · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Blueshore Leasing Ltd. · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 788997120RP0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 192,187.79'; excluded from SOA's stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 192187.79 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 788997120RT0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 162,799.08'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 162799.08 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 805599362RP0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 165,876.31'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 165876.31 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 805599362RT0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 175,735.15'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 175735.15 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 805597960RP0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 226,066.35'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 226066.35 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 805599362RP0001 (this account number appears twice in the SOA); shown $0.00 in debt columns, SOA states 'Contingent $ = 175,735.15'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 175735.15 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 805597960RT0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 244,097.84'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 244097.84 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 106391360RT0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 82,624.87'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 82624.87 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 106391360RP0001; shown $0.00 in debt columns, SOA states 'Contingent $ = 207,558.15'; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 207558.15 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 752927723RT; shown $0.00 in debt columns, SOA states 'Contingent $ = 113,052.94'; appears as one of two identical 752927723RT rows; excluded from stated debt totals · page: 3 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 113052.94 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Windsor ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Essex Capital Leasing Corp. · currency: CAD
unsecured creditorsnote: Contingent (deemed-trust/tax class, LTC 6); acct 752927723RP; shown $0.00 in debt columns, SOA states 'Contingent $ = 193,974.90'; excluded from stated debt totals · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 193974.9 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: PREFERRED claim (LTC 6); deemed-trust/tax class; acct 731817774; Shawinigan-Sud National Verification and Collection Centre QC; included in SOA preferred total $495,335.00 · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 399056 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: PREFERRED claim (LTC 6); deemed-trust/tax class; acct 731817486; Shawinigan-Sud QC; included in SOA preferred total $495,335.00 · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 21774 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: PREFERRED claim (LTC 6); deemed-trust/tax class; acct 731817108; Shawinigan-Sud QC; included in SOA preferred total $495,335.00 · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 74505 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Unsecured (deemed-trust/tax class, LTC 6); acct 000681946350; Shawinigan-Sud QC; included in SOA unsecured total $1,997,121.94 · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 36156.62 · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 6 (tax); St. Catharines ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Canada Revenue Agency c/o R. Kamin · currency: CAD
unsecured creditorsnote: LTC 4 (bank/trust credit card); acct 5259950785992101 · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 17631.85 · creditor: Canadian Tire Bank - Mastercard · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3; Burlington ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Capmor Financial Services Corporation - in Trust · currency: CAD
unsecured creditorsnote: LTC 4 (bank/trust credit card); acct 9570034662; Scarborough ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 6204 · creditor: CIBC c/o Common Collection Agency · currency: CAD
unsecured creditorsnote: LTC 4 (bank/trust credit card); acct 4504400022331420; Mississauga ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 18668 · creditor: CIBC c/o Metropolitan Credit Adjusters · currency: CAD
unsecured creditorsnote: LTC 9 (Other); File No. 48297; Mississauga ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 7174.27 · creditor: CWB National Leasing Inc. c/o CGI Credit Guard Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Attn: Christopher Lawrence; Markham ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Evolocity Financial Group · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Winnipeg MB · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Excel Leasing Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3; Miami Beach FL USA · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Federated Cash LLC · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3; Attn: Domenic Sgambelluri; Toronto ON · page: 4 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: ICapital · currency: CAD
financial positionnote: Liabilities: SOA-stated TOTAL $2,492,456.94 (page 5) = Unsecured $1,997,121.94 + Secured $0.00 + Preferred $495,335.00. Preferred total is three CRA (Shawinigan) deemed-trust amounts ($399,056.00 + $21,774.00 + $74,505.00). Secured creditors: SOA states TOTAL Secured $0.00 (no secured debt) -> secured_creditors = []. Numerous CRA rows show $0.00 in the debt columns but carry separate 'Contingent $' amounts (recorded above with contingent notes); these contingent amounts are NOT part of the stated debt totals. Assets (page 2, Form 79): estimated dollar value TOTAL $11,005.00; estimated NET REALIZABLE value TOTAL $5.00 (household furniture $10,000 and personal effects $1,000 marked exempt; five 100%-share holdings each net $1.00). Secured Amount/Liens on assets $0.00. · page: 5 · as at: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt; management estimate. Reason for financial difficulties stated as 'Business Debts'. · scope: Individual bankrupt - Mark Angelo Spadafora, City of Niagara Falls, Ontario (first-time bankrupt; bankruptcy order 16-Jan-2019; KSV Kofman Inc. trustee) · currency: CAD · total assets: 11005 · total liabilities: 2492456.94
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Oldcastle ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Indcom Leasing Inc. · currency: CAD
unsecured creditorsnote: LTC 3 (finance company loan); largest single unsecured claim; Burlington ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1888758.2 · creditor: LBC Capital Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3; Toronto ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Lendified Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 3; Vancouver BC · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Merchant Advance Capital Ltd. · currency: CAD
unsecured creditorsnote: LTC 3; acct 1261901; Stratford ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 22511 · creditor: Meridian Credit Union c/o CRM Uplevel · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Winnipeg MB · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: National Leasing Group Inc. · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 2; Attn: Mark Veneziano; court file #47428, CV-16-554569; Toronto ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Niagara West c/o Lenczner Slaght · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Attn: Jennifer Pocock; Vaughan ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Recipe Unlimited Corporation · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 9; Attn: Maya Poliak; North York ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Silver Chef Rentals Inc. c/o Chaitons LLP · currency: CAD
unsecured creditorsnote: Nominal $1.00 in SOA (amount not quantified); LTC 2; Attn: Tom Masterson; court file #167887, 2861-16; London ON · page: 5 · as of: 2019-01-31 · basis: Statement of Affairs (Form 79, Non-Business Bankruptcy) as sworn by the bankrupt · amount: 1 · creditor: Toronto Dominion Bank c/o Harrison Pensa LLP · currency: CAD
secured creditors