Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 7 April 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified · 4 withheld
- court file no32-3207102
- provinceOntario
- financial positionnote: Total assets $1.00 (cash on hand — TD); deficiency $887,977.75. Form 78 states Secured creditors $0.00 and Preferred creditors/securities/priorities $0.00 (no secured or preferred creditors). Both liabilities are unsecured bank loans (nature 'Bank Loans except real property mortgage'): CRA CEBA loan $62,978.75 and TD HASCAP loan $825,000.00. Bankruptcy date 2 April 2025; assignment 3 April 2025; Estate No. 32-3207102; trustee TDB Restructuring Limited. · page: 2 · as at: 2025-04-02 · basis: Form 78 Statement of Affairs (Corporate Bankruptcy), as stated and estimated by the bankrupt/debtor (sworn by director Shahid Ali Sidhu); reasons: economic downturn, poor financial performance · scope: Roseland Express Inc. (single entity) · currency: CAD · total assets: 1 · total liabilities: 887978.75
- unsecured creditorsnote: HASCAP Loan (details 'HASCAP Loan'); nature 'Bank Loans except real property mortgage'; Brampton ON · page: 3 · as of: 2025-04-02 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated by the bankrupt/debtor · amount: 825000 · creditor: TD Canada Trust · currency: CAD
- unsecured creditorsnote: CEBA Loan (details 'CEBA Loan'); nature 'Bank Loans except real property mortgage' — classified by the document as an ordinary unsecured bank loan, not a deemed-trust tax claim; address Atlantic CVP & LPRA, Moncton NB · page: 3 · as of: 2025-04-02 · basis: Form 78 Statement of Affairs, List of Liabilities, as stated by the bankrupt/debtor · amount: 62978.75 · creditor: Canada Revenue Agency · currency: CAD
- secured creditors
4 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.