Ontario · Bankruptcy
Creditor's Package - 14111168 Canada Inc.
Meeting materials · 24 September 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 filing11 verified
- financial positionnote: Form 78 states deficiency of -$1,464,014.04 (labelled 'Surplus' 1,464,014.04 on the liabilities side; total liabilities $1,464,015.04 = secured $1.00 + unsecured $1,464,014.04; preferred and contingent $0.00). Reason for financial difficulty checked: lack of working capital/funding; other: bankruptcy order issued. Form 78 header shows Court/Estate No. 31-460740 while other forms show 31-3426758. Statement date is 16 Sept 2026 (bankruptcy date shown as 9 Sept 2026 elsewhere). · page: 4 · as at: 2026-09-16 · basis: Statement of Affairs (Form 78, Corporate Bankruptcy), sworn/declared remotely by Khalid Syed on 16 September 2026, as reported by the debtor; not audited. Assets: cash on hand $1.00 (all other asset lines $0.00). · scope: 14111168 Canada Inc. (single entity; assets and liabilities as stated by the bankrupt) · currency: CAD · total assets: 1 · total liabilities: 1464015.04
- unsecured creditorsnote: Aggregate as stated on Form 78; includes $1,187,457.20 of the National Bank of Canada claim classed as unsecured, plus CRA, Ministry, trade and loan items listed individually above. Not an additional creditor; shown for the stated total only. No proofs of claim reported filed. Trustee's cover letter (p.1) states it is unlikely there will be a distribution to any creditors. · page: 4 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported: Liabilities line 3 'Unsecured creditors' 1,464,014.04; list of liabilities unsecured column total 1,464,014.04 · amount: 1464014.04 · debtor: 14111168 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Amount is the total claim as stated on the Form 78 (sworn 2026-09-16, the statement's own date for the figures); only $1.00 is treated as secured because the sole pledged asset is $1.00 of cash, the balance being classed as unsecured. · page: 6 · as of: 2026-09-16 · amount: 1187458.2 · debtor: 14111168 Canada Inc. · creditor: National Bank of Canada c/o Dickinson Wright LLP (Attn: Talya R. Bertler) · currency: CAD · security: Statement of Affairs lists total claim $1,187,458.20 of which $1,187,457.20 is shown in the unsecured column and $1.00 in the secured column; asset securing the liability: item 101 (cash on hand, valued at $1.00). Date given/incurred: 01-Jan-2025. Nature of liability listed as 'Other'. Estimated deficiency from security shown as -$1,187,457.20.
- secured creditorsnote: Labelled 'Secured' in the detail field but no security asset is identified and the amount sits in the unsecured column; debt is a CRA claim (GST/HST) and may carry deemed-trust priority, but the document does not state a ground for priority. Figure as stated on Form 78 sworn 2026-09-16. · page: 6 · as of: 2026-09-16 · amount: 45033.39 · debtor: 14111168 Canada Inc. · creditor: CRA - GST/HST (Jonquiere, Attn: Quebec Insolvency Intake Centre) - line 2 · currency: CAD · security: Detail field reads 'Secured'; date given/incurred 01-Jan-2025; no asset identified as securing the liability; amount shown in the unsecured column; estimated deficit from security -$45,033.39.
- secured creditorsnote: Nominal $1.00 placeholder amount on Form 78 sworn 2026-09-16; labelled 'Secured' in the detail field but no securing asset identified and amount sits in the unsecured column. · page: 6 · as of: 2026-09-16 · amount: 1 · debtor: 14111168 Canada Inc. · creditor: Ministry of Finance (400-130 Dufferin Ave, London ON) - line 3 · currency: CAD · security: Detail field reads 'Secured'; date given/incurred 01-Jan-2025; no asset identified as securing the liability; amount shown in the unsecured column; estimated deficit from security -$1.00.
- unsecured creditorsnote: Individual creditor; loan. Relationship to the debtor not stated. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the debtor; detail 'Loan' · amount: 48000 · debtor: 14111168 Canada Inc. · creditor: Muhammad Amjad · currency: CAD
- unsecured creditorsnote: CRA claim; no ground for priority stated on the form. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the debtor; GST/HST account 720636802 RT0001 · amount: 137982.65 · debtor: 14111168 Canada Inc. · creditor: CRA - GST/HST (Jonquiere, Attn: Quebec Insolvency Intake Centre) - line 1 · currency: CAD
- unsecured creditorsnote: Listed as accounts payable; regulatory body. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the debtor; detail 'AP' · amount: 11500 · debtor: 14111168 Canada Inc. · creditor: Ministry of Labour · currency: CAD
- unsecured creditorsnote: Trade creditor (accounts payable). · page: 7 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the debtor; detail 'AP' · amount: 15500 · debtor: 14111168 Canada Inc. · creditor: Sysco Canada - Toronto Corp. (Vendor Bankruptcies, Attn: Nick Blasutto) · currency: CAD
- unsecured creditorsnote: Address Miami FL, USA; currency stated on form as CAD by default of the form's amount columns. · page: 7 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the debtor; detail 'Franchisor' · amount: 18539.8 · debtor: 14111168 Canada Inc. · creditor: Popeyes Franchisor · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Based on the Trustee's review of the Company's Statement of Affairs and other available information, it is unlikely that there will be a distribution to any creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: any creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-24 · table missing: