Ontario · Bankruptcy
Creditors Package
Meeting materials · 10 November 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 filing24 verified
- court file no31-3447523
- proceeding typebia_bankruptcy
- provinceOntario
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date9 November 2026
- financial positionnote: Sole asset is $1.00 cash on hand (BMO business account); all other asset categories 0.00; subscribed/paid capital $100. Liabilities: secured $1.00, preferred $0.00, unsecured $593,402.74, contingent $0.00. Deficiency stated as -$593,402.74 (the form's 'Surplus' line shows 593,403.74, apparently the total liabilities repeated). Stated reason for difficulty: negative market conditions; business began at start of COVID buying/selling products, expanded into e-bike business generating approximately $1 million in sales, then sales declined significantly. Bankruptcy date 9 Nov 2026; trustee Goldhar & Associates Ltd. · page: 3 · as at: 2026-11-09 · basis: Form 78 Statement of Affairs (Corporate Bankruptcy) sworn by director Bradley Louis Armeland, 9 Nov 2026; debtor's own stated and estimated values, not verified by trustee · scope: Lumatron LED Lighting LTD, single entity · currency: CAD · total assets: 1 · total liabilities: 593403.74
- secured creditorsnote: Statement of Affairs lists the secured portion at a nominal $1.00 (equal to the cash on hand) with the remaining $159,234.12 of the $159,235.12 total claim shown as unsecured; loan dated 07-Oct-2024. Secured amount is the bankrupt's stated figure, not a proven or verified claim. · page: 5 · as of: 2026-11-09 · amount: 1 · debtor: Lumatron LED Lighting LTD · creditor: Accord Financial Canada Corp. · currency: CAD · security: Asset securing the liability: item 101 (cash on hand - business account for plans, BMO)
- unsecured creditorspage: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported; credit card · amount: 34000 · debtor: Lumatron LED Lighting LTD · creditor: American Express c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Debtor reference 547484. · page: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 7436.27 · debtor: Lumatron LED Lighting LTD · creditor: BMO Financial Group c/o Bankruptcy Highway.com (DEBTOR 547484) · currency: CAD
- unsecured creditorsnote: Debtor reference 547497. · page: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 60122.15 · debtor: Lumatron LED Lighting LTD · creditor: BMO Financial Group c/o Bankruptcy Highway.com (DEBTOR 547497) · currency: CAD
- unsecured creditorspage: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported; loan · amount: 100619.35 · debtor: Lumatron LED Lighting LTD · creditor: Business Development Bank of Canada - Toronto · currency: CAD
- unsecured creditorsnote: CRA claim listed as unsecured with no priority claimed on the form; payroll source deductions may be deemed-trust class but the document does not say so. · page: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported; corporate taxes - payroll · amount: 2647.3 · debtor: Lumatron LED Lighting LTD · creditor: CRA - Tax - Ontario (payroll) · currency: CAD
- unsecured creditorsnote: Total claim $159,235.12 incl. $1.00 secured portion; loan date 07-Oct-2024. · page: 5 · as of: 2026-11-09 · basis: Statement of Affairs as reported (sworn 9 Nov 2026); unsecured portion of loan · amount: 159234.12 · debtor: Lumatron LED Lighting LTD · creditor: Accord Financial Canada Corp. · currency: CAD
- unsecured creditorsnote: Nominal $1.00 placeholder amount as stated; true amount not given. · page: 6 · as of: 2026-11-09 · basis: Statement of Affairs as reported; corporate tax · amount: 1 · debtor: Lumatron LED Lighting LTD · creditor: CRA - Tax - Ontario (corporate tax) · currency: CAD
- unsecured creditorsnote: Possible related party (shares surname with the signing director/declarant); relationship not stated in the document. · page: 6 · as of: 2026-11-09 · basis: Statement of Affairs as reported; nature listed as 'Lawyer' · amount: 20000 · debtor: Lumatron LED Lighting LTD · creditor: Jay Armeland · currency: CAD
- unsecured creditorsnote: Client ref #2619P501. · page: 6 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 4558.62 · debtor: Lumatron LED Lighting LTD · creditor: MBNA c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Details state 'AS OF DEC 31 2025'. · page: 6 · as of: 2025-12-31 · basis: Statement of Affairs as reported; bank loans except real property mortgage · amount: 39963.95 · debtor: Lumatron LED Lighting LTD · creditor: RBC Royal Bank / Banque Royale c/o Bankruptcyhighway.com · currency: CAD
- unsecured creditorspage: 6 · as of: 2026-11-09 · basis: Statement of Affairs as reported; bank account · amount: 2698.88 · debtor: Lumatron LED Lighting LTD · creditor: Rogers Bank Mastercard c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: CRA claim listed as unsecured with no priority claimed on the form. · page: 6 · as of: 2026-11-09 · basis: Statement of Affairs as reported; corporate taxes - sales taxes · amount: 89110.17 · debtor: Lumatron LED Lighting LTD · creditor: CRA - Tax - Ontario (sales taxes) · currency: CAD
- unsecured creditorsnote: Second separate Scotiabank Visa entry. · page: 7 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 8944.24 · debtor: Lumatron LED Lighting LTD · creditor: Scotiabank c/o Canaccede International Management Ltd. (Visa) · currency: CAD
- unsecured creditorsnote: Visa NRT# 402989256. · page: 7 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 40330.45 · debtor: Lumatron LED Lighting LTD · creditor: TD Canada Trust Visa c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Address in Vancouver, WA, USA; amount shown in the form's CAD columns, currency of original debt not stated. · page: 7 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 8663.36 · debtor: Lumatron LED Lighting LTD · creditor: ZoomInfo Technologies · currency: CAD
- unsecured creditorsnote: One of two separate Scotiabank Visa entries. · page: 7 · as of: 2026-11-09 · basis: Statement of Affairs as reported · amount: 15072.88 · debtor: Lumatron LED Lighting LTD · creditor: Scotiabank c/o Canaccede International Management Ltd. (Visa) · currency: CAD