Ontario · Bankruptcy
Application for Bankruptcy Order issued January 11, 2024
Application / notice of application · 11 January 2024
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What we verified from this filing9 verified
- applicantBank of Montreal
- courtONTARIO SUPERIOR COURT OF JUSTICE
- court file noBK-24-00208666-OT31
- provinceOntario
- appointeemsi Spergel Inc.
- appointee roletrustee
- commencement date11 January 2024
- unsecured creditorsnote: Floor amount - stated as 'at least' $1,000, indicating unsecured shortfall beyond estimated security value. · page: 4 · basis: Affidavit of Verification states 'at least an unsecured amount of $1,000 owing to the Bank by the Company' · amount: 1000 · debtor: Avida 2015 Inc. · creditor: Bank of Montreal · currency: CAD
- secured creditorsnote: Amount stated as total indebtedness secured by the Security as at November 1, 2023 per demand letter and Notice of Intention to Enforce Security; approximate figure of $6,053,259.27 also stated in Application and Affidavit (principal $6,051,461.20 plus interest $1,798.07 as of demand date); estimated security value of $2,000,000.00 is less than the debt. · page: 8 · as of: 2023-11-01 · amount: 6053259.27 · debtor: Avida 2015 Inc. · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement dated December 11, 2020 (all assets, property and undertaking of the Company); security value estimated at $2,000,000.00