Ontario · Proposal
Statement of Affairs, dated April 5, 2023
Statement of affairs · 5 April 2023
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 filing15 verified
- commencement date9 March 2023
- court file no32-2920076
- financial positionnote: Deficiency of 458,207.90 stated; total unsecured creditors 451,218.66 (comprising unsecured creditors per list A of 192,375.28 plus balance of secured claims per list B of 258,843.38), secured creditors per list B of 276,441.38, preferred creditors per list C of 6,989.24, and contingent liabilities per list D of 0.00 · page: 1 · as at: 2023-04-05 · basis: as stated and estimated by the officer (Statement of Affairs) · scope: entity - Darwin Foods Inc. o/a The Hungry Dragon · currency: CAD · total assets: 276441.38 · total liabilities: 734649.28
- unsecured creditorspage: 2 · as of: 2023-04-05 · basis: Statement of Affairs List 'A' - Unsecured Creditors as stated and estimated by the officer · amount: 89002.05 · debtor: Darwin Foods Inc. · creditor: Accu Holdings Inc. · currency: CAD
- unsecured creditorsnote: Represents balance of secured claim shown as unsecured shortfall per List A; same creditor also listed in List B as secured · page: 2 · as of: 2023-04-05 · basis: Statement of Affairs List 'A' - Unsecured Creditors as stated and estimated by the officer · amount: 258843.38 · debtor: Darwin Foods Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-04-05 · basis: Statement of Affairs List 'A' - Unsecured Creditors as stated and estimated by the officer · amount: 43160 · debtor: Darwin Foods Inc. · creditor: Business Development Bank of Canada - Mississauga · currency: CAD
- unsecured creditorsnote: Deemed trust / CRA quasi-governmental claim class · page: 2 · as of: 2023-04-05 · basis: Statement of Affairs List 'A' - Unsecured Creditors as stated and estimated by the officer · amount: 60212.23 · debtor: Darwin Foods Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-04-05 · basis: Statement of Affairs List 'A' - Unsecured Creditors as stated and estimated by the officer · amount: 1 · debtor: Darwin Foods Inc. · creditor: Export Development Canada · currency: CAD
- secured creditorsnote: Balance of claim listed as 0.00 (fully secured by claimed value) · page: 3 · as of: 2023-04-05 · amount: 108879 · debtor: Darwin Foods Inc. · creditor: Accord Small Business Finance Corp. · currency: CAD · security: Business Assets - Trade Fixtures - Equipment; given 01-Dec-2020
- secured creditorsnote: Balance of claim listed as 0.00 · page: 3 · as of: 2023-04-05 · amount: 50137.47 · debtor: Darwin Foods Inc. · creditor: Bodkin Leasing Corporation · currency: CAD · security: Business Assets - Trade Fixtures - Bodkin lease; given 01-Jan-2021
- secured creditorsnote: Balance of claim listed as 0.00 · page: 3 · as of: 2023-04-05 · amount: 52597.86 · debtor: Darwin Foods Inc. · creditor: CLE CAPITAL INC. · currency: CAD · security: Business Assets - Trade Fixtures - CLE Lease 1; given 01-Jan-2021
- secured creditorsnote: Balance of claim listed as 0.00 · page: 3 · as of: 2023-04-05 · amount: 3909.43 · debtor: Darwin Foods Inc. · creditor: CLE Leasing · currency: CAD · security: Business Assets - Trade Fixtures - CLE Lease 2; given 01-Jan-2021
- secured creditorsnote: Balance of claim listed as 0.00 · page: 3 · as of: 2023-04-05 · amount: 59761 · debtor: Darwin Foods Inc. · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc) · currency: CAD · security: Business Assets - Trade Fixtures - CWB leases 2988842, 2988842; given 01-Jan-2021
- secured creditorsnote: Amount of claim 260,000.00 with estimated security value 1,156.62, leaving balance of claim 258,843.38 · page: 3 · as of: 2023-04-05 · amount: 258843.38 · debtor: Darwin Foods Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com · currency: CAD · security: Cash on hand - Cash in Bank - BMO (given 01-Sep-2020); Business Assets - Stock in Trade - inventory (given 24-Dec-2020); Other - Leasehold improvements (given 01-Sep-2020)
- unsecured creditorsnote: Preferred creditor claim, separate from the unsecured CRA claim in List A; amount payable in full listed as 0.00 · page: 4 · as of: 2023-04-05 · basis: Statement of Affairs List 'C' - Preferred Creditors for Wages, Rent, etc. as stated and estimated by the officer · amount: 6989.24 · debtor: Darwin Foods Inc. · creditor: CRA - Tax - Ontario · currency: CAD