Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 9 October 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 filing9 verified
- appointeeTDB Restructuring Limited
- appointee roletrustee
- commencement date7 October 2026
- court file no32-3372193
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Total assets $1.00 (cash on hand only; all other asset categories 0.00). Liabilities: secured 0.00, preferred 0.00, unsecured 2,682,000.00, contingent/trust 0.00. The page-1 summary shows 'Surplus 2,681,999.00' but also 'Deficiency -2,681,999.00' beside assets; arithmetic (assets $1 less liabilities $2,682,000) indicates a deficiency, so the 'Surplus' label appears to be a form mislabel. Reason for financial difficulty ticked: Economic Downturn. The date inconsistency (SOA as of 23 May 2026 vs. Form 68 filing 7 Oct 2026) is noted. · page: 3 · as at: 2026-05-23 · basis: Statement of Affairs (Form 78, Original) sworn by director Honey Hundal on 27 May 2026; values stated by the bankrupt, not verified by trustee · scope: 2854233 Ontario Inc. (single entity, Brampton, Ontario) · currency: CAD · total assets: 1 · total liabilities: 2682000
- unsecured creditorsnote: Reported on the sworn Statement of Affairs as unsecured; secured column 0.00 and no asset securing the liability is listed. No proof of claim has been filed in the document (Form 31 is blank). Statement of Affairs is dated/sworn 27 May 2026 with a stated 'date of the bankruptcy' of 23 May 2026, while the Form 68 states the assignment was filed 7 October 2026 — the document is internally inconsistent on dates. · page: 4 · as of: 2026-05-23 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt's director; liability type listed as 'Bank Loans except real property mortgage' · amount: 2682000 · debtor: 2854233 Ontario Inc. · creditor: Royal Bank of Canada (Commercial Financial Services, 200 Bay St, 19th Fl/S Twr, Toronto) · currency: CAD
- secured creditors