Ontario · NOI

First Report of the Proposal Trustee – October 9 2025

Court officer report · 9 October 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 filing3 verified

secured creditorsnote: Related party: 1449483 Ontario Limited is a company for which Sergio Sgaramella (a shareholder of Azure) is the sole director. Approximately $565,000 drawn from the $800,000 Loan Facility as of the date of the Report. This entity also acts as DIP Lender under the DIP Agreement. · page: 6 · as of: date of this Report (October 9, 2025) · amount: 565000 · debtor: Azure Publishing Inc. · creditor: 1449483 Ontario Limited · currency: CAD · security: General security agreement dated July 18, 2024 against all present and after-acquired personal property of Azure, registered under the Ontario Personal Property Security Act; secures Promissory Note dated July 18, 2024 providing a Loan Facility up to $800,000 (facility limit, not balance)
unsecured creditorsnote: Document names no individual unsecured creditors; figure is approximate as stated. · page: 6 · as of: NOI filing date · basis: Reported by Proposal Trustee: "Azure has unsecured creditors at the date of the NOI totaling approximately $180,000" · amount: 180000 · debtor: Azure Publishing Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
sale outcometext: SISP approved, process not yet completed as of this report · scope: whole_business · status: process_approved