Ontario · Bankruptcy
Trustees Preliminary Report dated October 27, 2026.pdf
Court officer report · 27 October 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 filing7 verified
- secured creditorsnote: RBC advised it has security but Trustee will verify once a claim is filed; no proof of claim received from RBC as of report date. RBC reportedly used cash on hand ($5,663.81) and GIC balance (approx. $13,000) to offset amounts owing prior to bankruptcy; amount owing not stated. · page: 3 · debtor: EC Toronto Language Centre Limited · creditor: Royal Bank of Canada · currency: CAD · security: Security asserted by RBC; not yet verified by Trustee
- secured creditorsnote: Only registered secured creditor per PPSA registry review; no proof of claim from Xerox reported. Trustee's table shows secured claims received: $0. · page: 3 · debtor: EC Toronto Language Centre Limited · creditor: Xerox Canada Ltd · currency: CAD · security: PPSA-registered security in respect of an office printer
- unsecured creditorsnote: Aggregate of 16 proofs of claim filed, not an adjudicated or audited figure; the document names no individual unsecured creditors. Trustee will continue to review POCs received after report date. · page: 3 · as of: date of report (October 27, 2026) · basis: Proofs of claim received by Trustee as of the date of report (16 POCs); all $978,908.16 shown as accepted for voting · amount: 978908.16 · debtor: EC Toronto Language Centre Limited · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- cash on handnote: Cash on hand as at the date of bankruptcy; the Trustee understands RBC used the cash and the GIC balance to offset amounts owing to it before bankruptcy. · as at: 2026-10-06 · amount: 5663.81 · currency: CAD · qualifier: in addition to a guaranteed investment certificate of approximately $13,000
- operational summaryEC Toronto permanently ceased operations in September 2026 when its parent EC English closed all schools worldwide, and made a voluntary assignment in bankruptcy on October 6, 2026. Its remaining assets (smartboards, furniture, computers, textbooks) are expected to have only nominal value.
- recovery outcomeentries: basis: estimated · quote: Accordingly, it is unlikely that there will be funds available for distribution to the creditors of EC Toronto. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors of EC Toronto · interim final: unstated · claims qualifier: unstated · stated on: 2026-10-27 · table missing:
- report date27 October 2026