Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditor including the Creditors package
Meeting materials · 19 February 2026
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What we verified from this filing19 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date18 February 2026
- court file no31-3334884
- provinceOntario
- statutory basissubsection 102(1) of the Act
- financial positionnote: Total secured creditors $5,541.75; preferred creditors/priorities $0.00; unsecured creditors $336,301.49; contingent/trust claims $0.00; resulting deficiency of $336,301.49 stated on the Statement of Affairs · page: 2 · as at: 2026-01-19 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: entity - Banqpay International Corporation · currency: CAD · total assets: 5541.75 · total liabilities: 341843.24
- unsecured creditorsnote: Corporate taxes · page: 4 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 1 · debtor: Banqpay International Corporation · creditor: CRA - Tax - Ontario (Corporate taxes) · currency: CAD
- unsecured creditorsnote: GST/HST, deemed trust class quasi-governmental claim · page: 4 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 2051.4 · debtor: Banqpay International Corporation · creditor: CRA - Tax - Ontario (GST/HST) · currency: CAD
- unsecured creditorsnote: Payroll source deductions, deemed trust class quasi-governmental claim · page: 4 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 1 · debtor: Banqpay International Corporation · creditor: CRA - Tax - Ontario (Payroll) · currency: CAD
- unsecured creditorsnote: CEBA loan · page: 4 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 1 · debtor: Banqpay International Corporation · creditor: Export Development Canada · currency: CAD
- unsecured creditorsnote: Finance company loan · page: 4 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 1774.48 · debtor: Banqpay International Corporation · creditor: FDR TD Canada Trust Overdraft c/o Bankruptcy Highway.com · currency: CAD
- secured creditorsnote: Total claim of $205,778.56 comprised of $200,236.81 unsecured and $5,541.75 secured, per Statement of Affairs; estimated deficiency of -$200,236.81 shown against asset securing liability valued at $101,102.50; director guarantee is a personal guarantee (related party guarantor noted separately) · page: 5 · as of: 18 February 2026 (date of bankruptcy) · amount: 5541.75 · debtor: Banqpay International Corporation · creditor: RBC Royal Bank / Banque Royale · currency: CAD · security: Business loan; director guarantee of $87,500.00 noted
- unsecured creditorsnote: Credit card · page: 5 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 30133.74 · debtor: Banqpay International Corporation · creditor: RBC Royal Bank Visa (credit card) · currency: CAD
- unsecured creditorsnote: Business loan · page: 5 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 58700.34 · debtor: Banqpay International Corporation · creditor: TD Canada Trust c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Credit card · page: 5 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 13.72 · debtor: Banqpay International Corporation · creditor: TD Canada Trust Visa c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Employee insurance · page: 5 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 1 · debtor: Banqpay International Corporation · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder) · page: 5 · as of: 18 February 2026 (date of bankruptcy) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 43387 · debtor: Banqpay International Corporation · creditor: Yelena Grouzman · currency: CAD
- unsecured creditorsnote: Business loan (bank loans except real property mortgage); total claim $205,778.56 also includes $5,541.75 secured portion (see secured entry); director guarantee of $87,500.00 noted · page: 5 · as of: 24-Jul-2020 (date given/incurred) · basis: Statement of Affairs (Form 78) as reported by bankrupt/debtor · amount: 200236.81 · debtor: Banqpay International Corporation · creditor: RBC Royal Bank / Banque Royale · currency: CAD