Nova Scotia · Bankruptcy

Creditor's Package

Meeting materials · 19 September 2024

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appointeeMNP Ltd.
appointee roletrustee
commencement date18 September 2024
court file no45896
proceeding typebia_bankruptcy
provinceNova Scotia
statutory basisSubsection 102(1) of the Act
statutory basisSubsection 102(1) of the Act
financial positionnote: Balance sheet totals: Secured creditors 7,730.56 (entirely BIA wage-earner super-priority amounts on asset #101); Preferred creditors, securities and priorities 14,547.00 (A.S. Developments Inc. landlord rent); Unsecured creditors 276,276.28; Contingent/trust claims 0.00; Total liabilities 298,553.84. Total assets 23,000.00 (cash on hand). Deficiency -275,553.84 (a 'Surplus' line was struck through and replaced). Date of bankruptcy 2024-09-18 (Form 68 / Certificate of Appointment); SOA declared as at 2024-09-17 (as_at used). · page: 3 · as at: 2024-09-17 · basis: Form 78 Statement of Affairs (Corporate Bankruptcy), totals as stated and estimated by the bankrupt/debtor, sworn by the director (Michael Larisey) · scope: Single entity: Maritime Hobbies & Crafts Limited · currency: CAD · total assets: 23000 · total liabilities: 298553.84
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1000 · debtor: Maritime Hobbies & Crafts Limited · creditor: Puce Creek Hobby Distributors Inc. (Attn: Mark Levin) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1265 · debtor: Maritime Hobbies & Crafts Limited · creditor: Parent Child Guide Paper (Attn: Robert Rockwell) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 850.49 · debtor: Maritime Hobbies & Crafts Limited · creditor: Kelsea Sales & Importing Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer (sworn by the director) · amount: 43655.34 · debtor: Maritime Hobbies & Crafts Limited · creditor: Inter-Hobbies Distributers Inc. (Attn: Brenda & Dean Sturkenboom) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 11612.88 · debtor: Maritime Hobbies & Crafts Limited · creditor: GRA Distribution Canada Limited (Attn: Gary Annis) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 7234.17 · debtor: Maritime Hobbies & Crafts Limited · creditor: Valley Trading Company · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 4144.53 · debtor: Maritime Hobbies & Crafts Limited · creditor: Lightspeed Global · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 3268.89 · debtor: Maritime Hobbies & Crafts Limited · creditor: PM Hansen Ltd. (Attn: Frank Poulsen) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1786.96 · debtor: Maritime Hobbies & Crafts Limited · creditor: Borgfeldt (Canada) Ltd. · currency: CAD
unsecured creditorsnote: US-address creditor (Portsmouth, NH); amount stated in the Canadian filing without a currency flag, taken as CAD · page: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 4267.08 · debtor: Maritime Hobbies & Crafts Limited · creditor: Ravensburger North America Inc. · currency: CAD
unsecured creditorsnote: US-address creditor (Waukesha, WI); nominal $1.00 as listed · page: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1 · debtor: Maritime Hobbies & Crafts Limited · creditor: Kalmbach Media · currency: CAD
unsecured creditorsnote: US-address creditor (Longmont, CO); taken as CAD · page: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 2921.93 · debtor: Maritime Hobbies & Crafts Limited · creditor: Intermountain Railway Co. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 810.18 · debtor: Maritime Hobbies & Crafts Limited · creditor: Le Gite du Cerf Volant · currency: CAD
unsecured creditorspage: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 609.58 · debtor: Maritime Hobbies & Crafts Limited · creditor: Circle Sales & Imports Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 565.22 · debtor: Maritime Hobbies & Crafts Limited · creditor: Steamscenes Calendars (Attn: Nils Huxtable) · currency: CAD
unsecured creditorsnote: US-address creditor (Memphis, TN); taken as CAD · page: 6 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 453.84 · debtor: Maritime Hobbies & Crafts Limited · creditor: Games Workshop · currency: CAD
secured creditorsnote: Individual employee; secured (super-priority) portion of a bifurcated wage claim; total claim $6,289.92, of which $4,289.92 is unsecured (listed separately); wages given/incurred 2024-07-13; ground for priority 'Owed wages' · page: 7 · as of: 2024-09-17 · amount: 2000 · debtor: Maritime Hobbies & Crafts Limited · creditor: Liam Hayes · currency: CAD · security: BIA wage-earner super-priority charge; asset securing the liability = asset #101 (cash on hand)
secured creditorsnote: Individual employee; secured (super-priority) portion of a bifurcated wage claim; total claim $4,792.32, of which $2,792.32 is unsecured (listed separately); wages given/incurred 2024-07-13; ground for priority 'Owed wages'; estimated surplus from security 15,269.44 · page: 7 · as of: 2024-09-17 · amount: 2000 · debtor: Maritime Hobbies & Crafts Limited · creditor: Thomas Barton · currency: CAD · security: BIA wage-earner super-priority charge; asset securing the liability = asset #101 (cash on hand)
unsecured creditorsnote: Individual employee; unsecured portion of a wage claim (total $4,792.32); $2,000.00 super-priority secured portion listed separately; wages incurred 2024-07-13 · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 2792.32 · debtor: Maritime Hobbies & Crafts Limited · creditor: Thomas Barton · currency: CAD
unsecured creditorsnote: Nature: Taxes Federal/Provincial/Municipal; CRA deemed-trust class; listed in the unsecured column · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 21614 · debtor: Maritime Hobbies & Crafts Limited · creditor: CRA - Tax - Atlantic (Canada Revenue Agency) · currency: CAD
unsecured creditorsnote: Listed as unsecured (no security shown on the SOA) · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 100000 · debtor: Maritime Hobbies & Crafts Limited · creditor: Business Development Bank of Canada - Atlantic (Attn: Atlantic Special Accounts) · currency: CAD
unsecured creditorsnote: Second CRA line; Nature: Taxes Federal/Provincial/Municipal; deemed-trust class; nominal $1.00 as listed · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1 · debtor: Maritime Hobbies & Crafts Limited · creditor: CRA - Tax - Atlantic (Canada Revenue Agency) · currency: CAD
unsecured creditorsnote: PREFERRED claim: recorded in the SOA 'Preferred/Priorities' column (not the unsecured column); ground for priority 'Rent' (landlord). Ranks ahead of ordinary unsecured · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 14547 · debtor: Maritime Hobbies & Crafts Limited · creditor: A.S. Developments Inc. (c/o Partners Global) · currency: CAD
unsecured creditorsnote: Individual employee; unsecured portion of a wage claim (total $6,289.92); $2,000.00 super-priority secured portion listed separately; wages incurred 2024-07-13 · page: 7 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 4289.92 · debtor: Maritime Hobbies & Crafts Limited · creditor: Liam Hayes · currency: CAD
secured creditorsnote: Individual employee; secured (super-priority) portion of a bifurcated wage claim; total claim $4,995.95, of which $2,995.95 is unsecured (listed separately); wages given/incurred 2024-07-13; ground for priority 'Owed wages' · page: 8 · as of: 2024-09-17 · amount: 2000 · debtor: Maritime Hobbies & Crafts Limited · creditor: James Jones · currency: CAD · security: BIA wage-earner super-priority charge; asset securing the liability = asset #101 (cash on hand)
secured creditorsnote: Individual employee; wage claim recorded entirely as secured super-priority (total $1,730.56, unsecured portion $0.00); wages given/incurred 2024-07-13; ground for priority 'Owed wages' · page: 8 · as of: 2024-09-17 · amount: 1730.56 · debtor: Maritime Hobbies & Crafts Limited · creditor: Glen Knapp · currency: CAD · security: BIA wage-earner super-priority charge; asset securing the liability = asset #101 (cash on hand)
unsecured creditorsnote: Nature: Bank Loans except real property mortgage; Details: Overdraft Account · page: 8 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 135 · debtor: Maritime Hobbies & Crafts Limited · creditor: TD Canada Trust (C/O FCT Default Solutions) · currency: CAD
unsecured creditorsnote: Details: CEBA Loan; nominal $1.00 as listed · page: 8 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 1 · debtor: Maritime Hobbies & Crafts Limited · creditor: TD Canada Trust · currency: CAD
unsecured creditorsnote: Details: CEBA Loan · page: 8 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 60000 · debtor: Maritime Hobbies & Crafts Limited · creditor: CEBA Program · currency: CAD
unsecured creditorsnote: Individual employee; unsecured portion of a wage claim (total $4,995.95); $2,000.00 super-priority secured portion listed separately; wages incurred 2024-07-13 · page: 8 · as of: 2024-09-17 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated and estimated by the officer · amount: 2995.95 · debtor: Maritime Hobbies & Crafts Limited · creditor: James Jones · currency: CAD