Ontario · Receivership (court-appointed)

Statement of Affairs.pdf

Statement of affairs · 22 May 2020

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financial positionnote: Deficiency of $13,196,797.47 stated on face of Form 78; total unsecured creditors $13,196,797.47 (comprising $72,999.47 direct unsecured claims plus $13,123,798.00 balance of secured claims per List B); no preferred creditors, contingent/trust claims listed (all $0.00); assets comprised entirely of $71,000.00 cash on hand · page: 1 · as at: 2020-05-22 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer · scope: Virk Hospitality Corp. (single entity) · currency: CAD · total assets: 71000 · total liabilities: 13267797.47
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Helen Barlow · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Hasina Esmail · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 493.27 · debtor: Virk Hospitality Corp. · creditor: Greater Toronto Airports Authority · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 23145.23 · debtor: Virk Hospitality Corp. · creditor: Giannone Petricone Associates · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 53.91 · debtor: Virk Hospitality Corp. · creditor: Expedia · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 774.42 · debtor: Virk Hospitality Corp. · creditor: Enbridge · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Edward Barlow · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Duncan Anderson · currency: CAD
unsecured creditorsnote: Unsecured claim portion; also listed with same $1.00 in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: 2380992 Ontario Inc. · currency: CAD
unsecured creditorsnote: Unsecured balance-of-claim portion; also secured per List B with $0 security value realized · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 500000 · debtor: Virk Hospitality Corp. · creditor: 2490793 Ontario Limited · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1042.5 · debtor: Virk Hospitality Corp. · creditor: AAA Best Choice Taxi Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 5.38 · debtor: Virk Hospitality Corp. · creditor: Accelerated Connections Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 700.6 · debtor: Virk Hospitality Corp. · creditor: Alkebulan HVAC Services Inc. · currency: CAD
unsecured creditorsnote: Also listed with same $1.00 in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Allin Veterinary Professional Corporation · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Andrea Robyn Sia · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1213.01 · debtor: Virk Hospitality Corp. · creditor: Bell Canada · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 11582.21 · debtor: Virk Hospitality Corp. · creditor: Best Guard Security Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 5204.75 · debtor: Virk Hospitality Corp. · creditor: Cambrian Springs · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorspage: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 857.09 · debtor: Virk Hospitality Corp. · creditor: Capital One · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Charles Foreshew · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Douglas Hunt · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 2 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Cheryl Lefton · currency: CAD
unsecured creditorsnote: Balance-of-claim portion after security value applied; related mortgage lender also secured per List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 11535586 · debtor: Virk Hospitality Corp. · creditor: Silverfern Secured Mortgage Limited Partnership · currency: CAD
unsecured creditorsnote: Also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Meridian Credit Union Limited · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Michael Coulombe · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Mikhail Ozimko · currency: CAD
unsecured creditorspage: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Ministry of Finance · currency: CAD
unsecured creditorsnote: Also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Multisource Capital Corporation · currency: CAD
unsecured creditorspage: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 434.13 · debtor: Virk Hospitality Corp. · creditor: Nella Cutlery Toronto Inc. · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Nhat Minh Nguyen · currency: CAD
unsecured creditorsnote: Also listed in secured List B with $0 security value realized · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1088184 · debtor: Virk Hospitality Corp. · creditor: Olympia Trust Company · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Pat Henderson · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Paulette Leidelmeyer · currency: CAD
unsecured creditorspage: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1067.5 · debtor: Virk Hospitality Corp. · creditor: Pepsico Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 3458.93 · debtor: Virk Hospitality Corp. · creditor: PhotoFire Protection Inc. · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Seema Momin · currency: CAD
unsecured creditorsnote: Also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Silverfern Secured Mortgage Fund Limited Partnership · currency: CAD
unsecured creditorsnote: Also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Strategy Matters Inc. · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Jana Brunner · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Jarod Vandenport · currency: CAD
unsecured creditorspage: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1587.48 · debtor: Virk Hospitality Corp. · creditor: Joback Industrial Supplie Inc. · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Kevin Nunney · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Linton Meyer · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Lou-Ann Hunt · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Mara Shtein · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 3 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Mathieu Lachapelle · currency: CAD
unsecured creditorspage: 4 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 14563.99 · debtor: Virk Hospitality Corp. · creditor: Toronto Water & Solid Waste Mgmt Services · currency: CAD
unsecured creditorsnote: Individual person; also listed in secured List B · page: 4 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Tyler Merkley · currency: CAD
unsecured creditorspage: 4 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1559.76 · debtor: Virk Hospitality Corp. · creditor: Tor Can Waste Management Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 4131.3 · debtor: Virk Hospitality Corp. · creditor: United Steelworkers, AFL-CIO-CLC · currency: CAD
unsecured creditorspage: 4 · as of: 2020-05-22 · basis: Statement of Affairs List A as reported · amount: 1122.01 · debtor: Virk Hospitality Corp. · creditor: ThyssenKrupp Elevator (Canada) Limited · currency: CAD
secured creditorsnote: No surplus from security; balance of claim $500,000.00 (also listed as unsecured claim in List A) · page: 5 · as of: 2020-05-22 · amount: 500000 · debtor: Virk Hospitality Corp. · creditor: 2490793 Ontario Limited · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 5 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Meridian Credit Union Limited · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 5 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Allin Veterinary Professional Corporation · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 5 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: 2380992 Ontario Inc. · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Individual nominal $1.00 secured claims by named natural persons; not aggregated per instructions on people vs companies and per-name reporting; see List B pages 5-6 for individual entries · page: 5 · as of: 2020-05-22 · debtor: Virk Hospitality Corp. · creditor: Various individuals (18 named persons: Andrea Robyn Sia, Charles Foreshew, Cheryl Lefton, Douglas Hunt, Duncan Anderson, Edward Barlow, Hasina Esmail, Helen Barlow, Jana Brunner, Jarod Vandenport, Kevin Nunney, Linton Meyer, Lou-Ann Hunt, Mara Shtein, Mathieu Lachapelle, Michael Coulombe, Mikhail Ozimko, Nhat Minh Nguyen, Pat Henderson, Paulette Leidelmeyer, Seema Momin, Tyler Merkley) · currency: CAD · security: Each listed as $1.00 secured claim, Cash on Hand - Chequing, estimated value of security $0.00
secured creditorsnote: No surplus from security; balance of claim $1,088,184.00 (also listed as unsecured claim in List A) · page: 6 · as of: 2020-05-22 · amount: 1088184 · debtor: Virk Hospitality Corp. · creditor: Olympia Trust Company · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Balance of claim after security value applied: $11,535,586.00 (also listed as unsecured claim in List A) · page: 6 · as of: 2020-05-22 · amount: 11606586 · debtor: Virk Hospitality Corp. · creditor: Silverfern Secured Mortgage Limited Partnership · currency: CAD · security: Cash on Hand - Chequing (security value estimated at $71,000.00, surplus $11,535,586.00)
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 6 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Multisource Capital Corporation · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 6 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Strategy Matters Inc. · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00
secured creditorsnote: Nominal $1.00 claim, no surplus from security · page: 6 · as of: 2020-05-22 · amount: 1 · debtor: Virk Hospitality Corp. · creditor: Silverfern Secured Mortgage Fund Limited Partnership · currency: CAD · security: Cash on Hand - Chequing; estimated value of security $0.00