Quebec · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 8 March 2024
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 filing45 verified
- financial positionnote: Deficit of $802,848.93 stated. Total liabilities comprised of unsecured creditors total $822,848.93 (per Liste A, includes $270,000 unsecured balance from bifurcated RBC secured claim) plus secured creditors $75,000 (Liste B, security-value column) and preferred creditors $0.00 (Liste C) and contingent/trust claims $0.00 (Liste D); components not independently summed by extractor. · page: 2 · as at: 2024-03-08 · basis: Statement of Affairs (Form 78) - assets and liabilities as declared and estimated by the officer (Robert Yarnold), sworn/solemnly declared · scope: Single entity - Raytron Ltée (bankrupt corporation) · currency: CAD · total assets: 95000 · total liabilities: 897848.93
- unsecured creditorsnote: CRA-administered CEBA government-backed loan · page: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 14000 · debtor: Raytron Ltée · creditor: ARC - Taxe - Québec (CEBA) · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2735 · debtor: Raytron Ltée · creditor: Arrow · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 22386 · debtor: Raytron Ltée · creditor: Arrow Electronics · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 635 · debtor: Raytron Ltée · creditor: ATC · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 823 · debtor: Raytron Ltée · creditor: AVNET US · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 118000 · debtor: Raytron Ltée · creditor: Banque de développement du Canada - Québec · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 130.37 · debtor: Raytron Ltée · creditor: Bell Canada F-88 - Business · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 10722 · debtor: Raytron Ltée · creditor: Brownsburg Electronik · currency: CAD
- unsecured creditorsnote: Quebec workplace-safety regulatory contribution · page: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 66.22 · debtor: Raytron Ltée · creditor: CNESST du Québec (formerly CSST) · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 152 · debtor: Raytron Ltée · creditor: Convergia · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 4230 · debtor: Raytron Ltée · creditor: DB Lectro · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 3116 · debtor: Raytron Ltée · creditor: Digi-Key Electronics · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2307 · debtor: Raytron Ltée · creditor: Diverse Electronique · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 19948 · debtor: Raytron Ltée · creditor: Diverse US · currency: CAD
- unsecured creditorsnote: Quebec sales/revenue authority - deemed trust class · page: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 14629 · debtor: Raytron Ltée · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2904 · debtor: Raytron Ltée · creditor: Air Frais · currency: CAD
- unsecured creditorsnote: GST/QST remittance - deemed trust class · page: 3 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 12457 · debtor: Raytron Ltée · creditor: Agence du revenu du Québec (TPS TVQ) · currency: CAD
- unsecured creditorsnote: Related party - Robert Yarnold is the individual who signed/declared the Statement of Affairs on behalf of the bankrupt corporation · page: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 114398.75 · debtor: Raytron Ltée · creditor: Robert Yarnold · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2081 · debtor: Raytron Ltée · creditor: Sager Electronics · currency: CAD
- unsecured creditorsnote: Unsecured balance arising from bifurcation of the $345,000 secured claim against $75,000 of valued security (see secured creditors, page 6) · page: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 270000 · debtor: Raytron Ltée · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 1560 · debtor: Raytron Ltée · creditor: Enviro Connexions · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 307 · debtor: Raytron Ltée · creditor: GLS · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 1675 · debtor: Raytron Ltée · creditor: Haoda Electronics · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2205 · debtor: Raytron Ltée · creditor: Harwell Electrical Supply - Brampton · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 6664 · debtor: Raytron Ltée · creditor: Hydro-Québec (Service de Recouvrement) · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2015 · debtor: Raytron Ltée · creditor: IS TechSupport · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 690 · debtor: Raytron Ltée · creditor: M2 Technology Networks · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 2205 · debtor: Raytron Ltée · creditor: Marwell · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 13361 · debtor: Raytron Ltée · creditor: Megastar · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 13055 · debtor: Raytron Ltée · creditor: Megastar US · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 6097 · debtor: Raytron Ltée · creditor: Métal RSG · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 8424 · debtor: Raytron Ltée · creditor: Microchip US · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 4482 · debtor: Raytron Ltée · creditor: Mouser Electronics · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 1654 · debtor: Raytron Ltée · creditor: Mouser US · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 3621 · debtor: Raytron Ltée · creditor: Premier Mag US · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 15522 · debtor: Raytron Ltée · creditor: Randall Hubeman · currency: CAD
- unsecured creditorsnote: Separate unsecured Visa credit facility, distinct from the secured RBC claim · page: 4 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 9000 · debtor: Raytron Ltée · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 588 · debtor: Raytron Ltée · creditor: Secam · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 1148 · debtor: Raytron Ltée · creditor: Shenzhen Changsheng Circuits · currency: CAD
- unsecured creditorsnote: Listed for 'loyers' (rent); represented by Me Benoit Lapointe of Belleau Lapointe LLP · page: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 88648.59 · debtor: Raytron Ltée · creditor: Simsue Investments Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 3794 · debtor: Raytron Ltée · creditor: TA Wire and Harness · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 6841 · debtor: Raytron Ltée · creditor: TERGEO · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-03-08 · basis: Statement of Affairs (Form 78) - liabilities as declared and estimated by the officer · amount: 13572 · debtor: Raytron Ltée · creditor: TTI US · currency: CAD
- secured creditorsnote: Claim bifurcated by security valuation: of the $345,000 claim, only $75,000 is covered by valued security; the $270,000 unsecured balance is separately reported in the unsecured creditors list (Liste A). · page: 6 · as of: 2024-03-08 · amount: 345000 · debtor: Raytron Ltée · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD · security: RBC hypothèque conventionnelle (conventional hypothec) over accounts receivable (valued $65,000) and inventory (valued $10,000); total security evaluation $75,000 per Liste B