Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 13 April 2026
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What we verified from this filing16 verified
- court file no31-3354110; 31-3354121; 31-3354132; 31-3354725; 31-3354726; 31-3354727; 31-3354869 ; 31-3354870
- proceeding typebia_bankruptcy
- provinceOntario
- appointeeMNP Ltd.
- appointee roleTrustee of the Bankrupt estate
- commencement date1 April 2026
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 135609.04 · debtor: 1000231135 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 209579.67 · debtor: 1000231148 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 175493.63 · debtor: 1000231687 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 215311.07 · debtor: 1000231270 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Approximate joint and several secured claim 'of approximately $4 million plus accruing interest and cost' against all Debtor corporations (prose approximation, no exact dated balance given). SOA recognizes only a restricted secured amount of $10,002 per Ontario Inc. entity (and Al Niba Holdings Corporation) based on the Debtor's estimated realization value of assets, not the full claim. · page: 3 · as of: April 10, 2026 · amount: 4000000 · debtor: All Debtor corporations except 2608381 Ontario Inc. · creditor: Canadian Western Bank (CWB) · currency: CAD · security: General security agreement (PPSA registration confirmed as of April 10, 2026)
- secured creditorsnote: SOA 'Other secured' amount as restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 9009.7 · debtor: 2608381 Ontario Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement (PPSA)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $2,501.30 as secured, restricted to estimated realization value of assets; balance would rank as unsecured/priority. · page: 3 · as of: April 10, 2026 · amount: 121814.22 · debtor: 2608381 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 125877.85 · debtor: 1000228960 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- secured creditorsnote: Deemed trust class; potential extent still being evaluated by Trustee. SOA recognizes only $10,002 as secured, restricted to estimated realization value of assets. · page: 3 · as of: April 10, 2026 · amount: 382922.34 · debtor: 1000231133 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim (source deductions)
- recovery outcomeentries: basis: estimated · quote: Given the substantial volume of secured claims and the costs associated with the administration of these eight estates, the Trustee has determined that these funds are insufficient to provide any distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-13 · table missing: