Ontario · Bankruptcy
Statement of Affairs
Statement of affairs · 3 April 2025
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 filing69 verified
- commencement date3 April 2025
- financial positionnote: Deficiency of $661,569.85 stated (assets $552,809.67 less liabilities $1,214,379.52); liabilities comprise secured $561,346.97, preferred $0.00, unsecured $653,032.55, contingent/trust $0.00 · page: 1 · as at: 2025-04-03 · basis: Statement of Affairs - totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · scope: Big Drum Inc. (entity level, corporate bankruptcy) · currency: CAD · total assets: 552809.67 · total liabilities: 1214379.52
- provinceOntario
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 339 · debtor: Big Drum Inc. · creditor: A1 Security Systems · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2618.21 · debtor: Big Drum Inc. · creditor: Accu Path Waterjet Solutions · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1432.29 · debtor: Big Drum Inc. · creditor: Adlan Corporation · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 133.83 · debtor: Big Drum Inc. · creditor: Air Liquide Canada Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 29707.7 · debtor: Big Drum Inc. · creditor: ASA Alloys Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 3501.31 · debtor: Big Drum Inc. · creditor: Aluminum Surface Technologies · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2361.25 · debtor: Big Drum Inc. · creditor: Atlantic Heat Treat · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 3 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 849.32 · debtor: Big Drum Inc. · creditor: 407 ETR · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2184.75 · debtor: Big Drum Inc. · creditor: CIM Metals · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2963.09 · debtor: Big Drum Inc. · creditor: Cintas · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 14438.57 · debtor: Big Drum Inc. · creditor: BHC Cable Assemblies · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 422.62 · debtor: Big Drum Inc. · creditor: Brant Custom Grinding · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 3042.41 · debtor: Big Drum Inc. · creditor: Burlington Hydro · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 12053.74 · debtor: Big Drum Inc. · creditor: C.F.F Stainless · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 176.28 · debtor: Big Drum Inc. · creditor: Canadian Plate and Profiles · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 4 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 7937.52 · debtor: Big Drum Inc. · creditor: CBC Metals Processing · currency: CAD
- secured creditorsnote: Claim bifurcated by security valuation: total claim $481,569.70, of which $156,569.70 is unsecured (see unsecured_creditors) · page: 5 · as of: 2023-04-21 · amount: 325000 · debtor: Big Drum Inc. · creditor: Coast Capital Equipment Finance · currency: CAD · security: Finance company lease, secured against asset 1102 (2022 Matsuura MX-330 machinery)
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 627.15 · debtor: Big Drum Inc. · creditor: Dieters Metal Fabricating Ltd · currency: CAD
- unsecured creditorsnote: Unsecured deficiency portion of a bifurcated secured/unsecured lease claim (total claim $481,569.70); secured portion $325,000 reported under secured_creditors · page: 5 · as of: 2023-04-21 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 156569.7 · debtor: Big Drum Inc. · creditor: Coast Capital Equipment Finance · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1061.4 · debtor: Big Drum Inc. · creditor: Cogeco Connexion Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 190.74 · debtor: Big Drum Inc. · creditor: Commercial Oil Company · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 406.8 · debtor: Big Drum Inc. · creditor: Dan's Welding & Fabrication · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 3359.55 · debtor: Big Drum Inc. · creditor: De Boer Tool · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 66 · debtor: Big Drum Inc. · creditor: Designatronics · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 5620.83 · debtor: Big Drum Inc. · creditor: E.M Precise Tool Ltd · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 27.03 · debtor: Big Drum Inc. · creditor: Fastenal Canada · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 6533.29 · debtor: Big Drum Inc. · creditor: Earle M. Jorgensen · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 325.61 · debtor: Big Drum Inc. · creditor: Eastend Plating Co Ltd · currency: CAD
- unsecured creditorsnote: Accounts payable; creditor address block labelled 'USD Currency' though amount is included in the CAD table total as stated · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 6441 · debtor: Big Drum Inc. · creditor: ECI Software · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 110.14 · debtor: Big Drum Inc. · creditor: Emterra Environmental · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1216.82 · debtor: Big Drum Inc. · creditor: Enbridge Gas · currency: CAD
- secured creditorsnote: Claim bifurcated by security valuation: total claim $32,601.21, of which $12,601.21 is unsecured (see unsecured_creditors) · page: 7 · as of: 2021-12-13 · amount: 20000 · debtor: Big Drum Inc. · creditor: Ford Credit Canada Limited · currency: CAD · security: Lease, secured against asset 802 (2021 Ford F-150 XLT)
- unsecured creditorsnote: Finance company loan/lease, unsecured as stated · page: 7 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 20463.49 · debtor: Big Drum Inc. · creditor: GC Leasing Ontario Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1071.94 · debtor: Big Drum Inc. · creditor: GFL Environmental · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 834.96 · debtor: Big Drum Inc. · creditor: GRT Genesis Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2700.63 · debtor: Big Drum Inc. · creditor: Igus, Inc · currency: CAD
- unsecured creditorsnote: Unsecured deficiency portion of a bifurcated secured/unsecured lease claim (total claim $32,601.21); secured portion $20,000 reported under secured_creditors · page: 7 · as of: 2021-12-13 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 12601.21 · debtor: Big Drum Inc. · creditor: Ford Credit Canada Limited · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 13560 · debtor: Big Drum Inc. · creditor: Fleek Industries · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2880.29 · debtor: Big Drum Inc. · creditor: Misumi USA · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 4676.35 · debtor: Big Drum Inc. · creditor: Motion Canada · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (individual - shareholder) · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 55159.92 · debtor: Big Drum Inc. · creditor: Jones, Roy · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 701.75 · debtor: Big Drum Inc. · creditor: Machinery Canada · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (individual - shareholder) · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 31159.92 · debtor: Big Drum Inc. · creditor: McKay, Trevor · currency: CAD
- unsecured creditorsnote: Owed rent under premises lease · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 129966.24 · debtor: Big Drum Inc. · creditor: Melrose Investments Inc · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 294.04 · debtor: Big Drum Inc. · creditor: Miller Waste Systems Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 8367.23 · debtor: Big Drum Inc. · creditor: Mississauga Steel Mart · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 7115.61 · debtor: Big Drum Inc. · creditor: Resource Metals and Alloys · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 9411.08 · debtor: Big Drum Inc. · creditor: Plastruct Polyzone Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 847.5 · debtor: Big Drum Inc. · creditor: Progressive Anodizers · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 13614.76 · debtor: Big Drum Inc. · creditor: Richmond Steel Canada Limited · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 5085 · debtor: Big Drum Inc. · creditor: Robust Gear & Industries · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 2888.54 · debtor: Big Drum Inc. · creditor: Superfinish Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 9 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 3018.46 · debtor: Big Drum Inc. · creditor: TC Chrome Ltd. · currency: CAD
- secured creditorspage: 10 · as of: 2018-07-26 · amount: 168823.41 · debtor: Big Drum Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: Bank loans (except real property mortgage) - credit facilities, secured against assets 1301, 1101, 1103, 1104, 801, 502
- secured creditorspage: 10 · as of: 2021-03-02 · amount: 21895.42 · debtor: Big Drum Inc. · creditor: TD Equipment Finance Canada Inc. · currency: CAD · security: Finance company lease, secured against asset 1103 (2019 Wele VQ1060 machinery)
- secured creditorsnote: Separate facility from the 2021-03-02 lease with the same lender · page: 10 · as of: 2022-08-17 · amount: 25628.14 · debtor: Big Drum Inc. · creditor: TD Equipment Finance Canada Inc. · currency: CAD · security: Finance company lease, secured against assets 1101, 1103, 1104, 502
- unsecured creditorsnote: Accounts payable · page: 10 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 21897.76 · debtor: Big Drum Inc. · creditor: Thyssenkrupp Materials Ca, LTD · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 10 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 337.87 · debtor: Big Drum Inc. · creditor: Triumph Tool Ltd. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 10 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 11627.7 · debtor: Big Drum Inc. · creditor: Tecoustics Limited · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 10 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1821.9 · debtor: Big Drum Inc. · creditor: Telus · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 10 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 12041.28 · debtor: Big Drum Inc. · creditor: Terra Nova Steel and Iron · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 11 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 755.92 · debtor: Big Drum Inc. · creditor: United Parcel Service · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 11 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 1493.67 · debtor: Big Drum Inc. · creditor: Voestalpine High Performance Metals · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 11 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 3178.13 · debtor: Big Drum Inc. · creditor: Uline Canada Corporation · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 11 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 764.27 · debtor: Big Drum Inc. · creditor: Tyson Tool Company Limited · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 11 · basis: Statement of Affairs list of liabilities as stated by bankrupt/debtor · amount: 5977.18 · debtor: Big Drum Inc. · creditor: Tungaloy · currency: CAD