Ontario · Bankruptcy
Notice of Bankruptcy and First meeting of creditors
Notice to creditors · 17 November 2017
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: Deficiency stated as $752,279.00; List C (Preferred Creditors) total $0.00; List D (Contingent/Other Liabilities) total $0.00; List E (Debts Due to Bankrupt) total $0.00; List F (Bills of Exchange etc.) total $0.00 · page: 4 · as at: 2017-11-17 · basis: Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · scope: Entity: Lifeforia Wellness Incorporated · currency: CAD · total assets: 1475000 · total liabilities: 2227279
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3500 · debtor: Lifeforia Wellness Incorporated · creditor: Algoma Insurance Brokers · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 12617 · debtor: Lifeforia Wellness Incorporated · creditor: BDO Canada Ltd. · currency: CAD
- unsecured creditorsnote: Deemed trust / tax claim class · page: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 288000 · debtor: Lifeforia Wellness Incorporated · creditor: CRA - Canada Revenue Agency - Tax - Ontario · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 156 · debtor: Lifeforia Wellness Incorporated · creditor: Direct Mechanical · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3457 · debtor: Lifeforia Wellness Incorporated · creditor: RBC Royal Bank / Banque Royale · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 600 · debtor: Lifeforia Wellness Incorporated · creditor: Sault Ste. Marie PUC Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 712 · debtor: Lifeforia Wellness Incorporated · creditor: DYC Properties · currency: CAD
- unsecured creditorspage: 5 · as of: 2017-11-17 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 445000 · debtor: Lifeforia Wellness Incorporated · creditor: Northern Ontario Heritage Fund Corp. · currency: CAD
- secured creditorsnote: When given: 01-Jan-2017; estimated surplus from security $1,763.00; balance of claim $0.00 · page: 6 · as of: 2017-11-17 · amount: 1423237 · debtor: Lifeforia Wellness Incorporated · creditor: Business Development Bank of Canada - Ottawa West · currency: CAD · security: Business Assets - Machinery, Spa equipment and furniture (estimated value $75,000.00); Real property or immovable - Building and Land - Sault Ste Marie - 390 McNabb Street (estimated value $1,348,237.00)
- secured creditorsnote: Estimated value of security $50,000.00; balance of claim $0.00 · page: 6 · as of: 2017-11-17 · amount: 50000 · debtor: Lifeforia Wellness Incorporated · creditor: City of Sault Ste Marie · currency: CAD · security: Real property or immovable - Building and Land - Sault Ste Marie - 390 McNabb Street