Ontario · Bankruptcy
Creditor's Package - 14104072 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 filing9 verified
- financial positionnote: Sole asset: $1.00 cash on hand/in bank. Liabilities: secured $1.00, preferred $0.00, unsecured $819,326.00, contingent $0.00; stated deficiency $819,326.00 (the form labels the same figure 'Surplus' on the liabilities side). Reason for financial difficulty: lack of working capital/funding; bankruptcy order issued. Form 78 header shows court/estate no. 31-460739, differing from 31-3426767 elsewhere. · page: 4 · as at: 2026-09-16 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt, sworn by Khalid Syed on 16 Sep 2026; unaudited. Trustee letter states that, based on its review of the Statement of Affairs and other information, a distribution to creditors is unlikely. · scope: 14104072 Canada Inc. (entity only), Toronto, Ontario; MNP Ltd. is trustee in bankruptcy (bankruptcy order 9 Sep 2026) · currency: CAD · total assets: 1 · total liabilities: 819327
- secured creditorsnote: Nature of liability listed as 'Secured', date incurred 01-Jan-2025; nominal $1.00 placeholder amount in the Unsecured column, $0.00 in Secured column; no asset identified as security. Reported by the bankrupt, not proven. · page: 6 · as of: 2026-09-16 · amount: 1 · debtor: 14104072 Canada Inc. · creditor: Ministry of Finance (Ontario, Ottawa) · currency: CAD
- secured creditorsnote: Statement of Affairs sworn 16 Sep 2026 (bankruptcy date 9 Sep 2026). The Form 78 splits the claim: $691,420.65 shown in the Unsecured column (deficit from security -$691,420.65) and $1.00 in the Secured column, valued against $1.00 of cash. Amount reported is the unsecured/shortfall portion as stated by the bankrupt; total claim $691,421.65. Not a proven claim. · page: 6 · as of: 2026-09-16 · amount: 691420.65 · debtor: 14104072 Canada Inc. · creditor: National Bank of Canada c/o Dickinson Wright LLP (Attn: Talya R. Bertler) · currency: CAD · security: Statement of Affairs lists asset #101 (cash on hand/in bank) as the asset securing the liability; claim stated as unsecured $691,420.65 plus secured $1.00 (total $691,421.65), nature 'Secured', date incurred 01-Jan-2025
- unsecured creditorsnote: Nature: franchisor; nominal $1.00 placeholder amount. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the bankrupt, sworn 16 Sep 2026 · amount: 1 · debtor: 14104072 Canada Inc. · creditor: Popeyes Franchisor (Miami, FL, USA) · currency: CAD
- unsecured creditorsnote: Nature: 'AP' (accounts payable). · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the bankrupt, sworn 16 Sep 2026 · amount: 13857.54 · debtor: 14104072 Canada Inc. · creditor: Sysco Food Services - Mississauga (Attn: Angie Rowe) · currency: CAD
- unsecured creditorsnote: Nature: 'AP'; no priority amount shown. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the bankrupt, sworn 16 Sep 2026 · amount: 40911.42 · debtor: 14104072 Canada Inc. · creditor: Ministry of Labour (Sault Ste. Marie) · currency: CAD
- unsecured creditorsnote: Account no. 721244408 RP0001; incurred 01-Jan-2025; listed in the Unsecured column with no priority amount shown. Sales tax/GST-HST claim by CRA. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the bankrupt, sworn 16 Sep 2026 · amount: 21134.39 · debtor: 14104072 Canada Inc. · creditor: CRA - GST/HST - Jonquiere (Attn: Quebec Insolvency Intake Centre) · currency: CAD
- unsecured creditorsnote: Nature: loan. The document does not state whether this individual is related to the debtor. · page: 6 · as of: 2026-09-16 · basis: Statement of Affairs (Form 78) as reported by the bankrupt, sworn 16 Sep 2026 · amount: 52000 · debtor: 14104072 Canada Inc. · creditor: Muhanmad Amjad (Burlington, ON) · 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: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-24 · table missing: