Ontario · Bankruptcy
Creditors' Package
Notice to creditors · 5 February 2025
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 filing40 verified
- financial positionnote: Liabilities comprise secured creditors $1,314,035.91, preferred creditors/priorities $15,889.70, unsecured creditors $1,578,950.96, and contingent/trust claims $0.00. Deficiency stated as -$2,758,191.94. · page: 10 · as at: 2025-02-03 · basis: Statement of Affairs (Corporate Bankruptcy, Form 78) - totals as stated and estimated by bankrupt/debtor · scope: Mindful Collective Co., Ltd (single entity, pre-filing bankruptcy estate) · currency: CAD · total assets: 150684.63 · total liabilities: 2908876.57
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 78196.92 · debtor: Mindful Collective Co., Ltd · creditor: ABHI HOME EXPORTS LLP · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 195216.7 · debtor: Mindful Collective Co., Ltd · creditor: Abhi Home Inc · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 838.64 · debtor: Mindful Collective Co., Ltd · creditor: Altitude Sports · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 25765.3 · debtor: Mindful Collective Co., Ltd · creditor: American Express (Canada) · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 25000 · debtor: Mindful Collective Co., Ltd · creditor: Bollore Logistics (now Ceva Logistics) · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 346365 · debtor: Mindful Collective Co., Ltd · creditor: BOLT · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 773.32 · debtor: Mindful Collective Co., Ltd · creditor: ECO FRIENDLY PALLET · currency: CAD
- unsecured creditorsnote: Preferred claim; ground for priority: Owed wages (termination pay). Unsecured portion of the same claim ($146,035.85) reported separately; total claim $161,925.55. · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported - Preferred creditors, securities, and priorities · amount: 15889.7 · debtor: Mindful Collective Co., Ltd · creditor: Employees · currency: CAD
- unsecured creditorsnote: Termination pay - unsecured portion; preferred portion $15,889.70 reported separately. · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 146035.85 · debtor: Mindful Collective Co., Ltd · creditor: Employees · currency: CAD
- unsecured creditorsnote: Owed rent · page: 12 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 5338.87 · debtor: Mindful Collective Co., Ltd · creditor: 9361-1531 Quebec Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 41688.63 · debtor: Mindful Collective Co., Ltd · creditor: FGL Sports Ltd - Main · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 10950.25 · debtor: Mindful Collective Co., Ltd · creditor: FIRST FRONTIER LOGISTICS · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 9907.69 · debtor: Mindful Collective Co., Ltd · creditor: Fit for Life LLC · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 3159.45 · debtor: Mindful Collective Co., Ltd · creditor: GD COMMERCE inc. · currency: CAD
- unsecured creditorsnote: Accounts payable; original debt denominated USD, converted to CAD per form · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 14817.59 · debtor: Mindful Collective Co., Ltd · creditor: Geltec Industry Ltd · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 1127.5 · debtor: Mindful Collective Co., Ltd · creditor: Guardian Storage · currency: CAD
- unsecured creditorsnote: CEBA Loan - Canada Emergency Business Account program loan · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 40251.37 · debtor: Mindful Collective Co., Ltd · creditor: His Majesty in right of Canada (Export Development Canada as agent) · currency: CAD
- unsecured creditorsnote: Accounts payable; original debt USD EFT, converted to CAD per form · page: 13 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 5705.58 · debtor: Mindful Collective Co., Ltd · creditor: Home Furniture · currency: CAD
- unsecured creditorsnote: Accounts payable EFT · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 2247 · debtor: Mindful Collective Co., Ltd · creditor: Joy-a-Toes Toewear · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 4755.85 · debtor: Mindful Collective Co., Ltd · creditor: Jones DesLauriers Insurance Management · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 47.46 · debtor: Mindful Collective Co., Ltd · creditor: Kloz Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 623.88 · debtor: Mindful Collective Co., Ltd · creditor: Kuehne + Nagel · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 2023.81 · debtor: Mindful Collective Co., Ltd · creditor: Lucid Communications · currency: CAD
- unsecured creditorsnote: Accounts payable EFT · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 3480.25 · debtor: Mindful Collective Co., Ltd · creditor: LUXX FOAM · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 1404.43 · debtor: Mindful Collective Co., Ltd · creditor: Markham Trophy Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 16560 · debtor: Mindful Collective Co., Ltd · creditor: MARTIN STARNES & ASSOCIATES · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 14 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 10470.02 · debtor: Mindful Collective Co., Ltd · creditor: McCarthy Tétrault S.E.N.C.R.L., s.r.l · currency: CAD
- secured creditorsnote: Bifurcated claim: total claim $1,478,739.62 = secured portion $1,314,035.91 (this entry) + unsecured shortfall $164,703.71 (reported separately in unsecured_creditors); estimated deficit from security -$164,703.71 as reported. · page: 15 · as of: 2025-02-03 · amount: 1314035.91 · debtor: Mindful Collective Co., Ltd · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated December 4, 2020 (agreement recorded 06-Apr-2021); asset items 101,1301,1101,1102,501 securing the liability
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 2921 · debtor: Mindful Collective Co., Ltd · creditor: QUEUE MEDIA INC · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 33981.47 · debtor: Mindful Collective Co., Ltd · creditor: Reysport / Unisoul Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 5367.5 · debtor: Mindful Collective Co., Ltd · creditor: Rosenswig McRae Rosso LLP. · currency: CAD
- unsecured creditorsnote: Bifurcated claim: secured portion $1,314,035.91 reported separately in secured_creditors; total claim $1,478,739.62. · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported - unsecured shortfall after security valuation · amount: 164703.71 · debtor: Mindful Collective Co., Ltd · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorsnote: Accounts payable; original debt USD wire, converted to CAD per form · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 17562.91 · debtor: Mindful Collective Co., Ltd · creditor: Shanghai Brothers · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 48428.16 · debtor: Mindful Collective Co., Ltd · creditor: MIDLAND CLOTHING INC. · currency: CAD
- unsecured creditorsnote: Accounts payable (PAD) · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 3292.15 · debtor: Mindful Collective Co., Ltd · creditor: UPS Canada · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 514.69 · debtor: Mindful Collective Co., Ltd · creditor: Well.ca · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 15 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 5401.6 · debtor: Mindful Collective Co., Ltd · creditor: SUTTON, BARTH & VENNARI TALENT AGENCY · currency: CAD
- unsecured creditorsnote: Accounts payable; original debt denominated EURO, converted to CAD per form · page: 16 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 301019.75 · debtor: Mindful Collective Co., Ltd · creditor: Zahonero, S.L.U. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 16 · as of: 2025-02-03 · basis: Statement of Affairs (Form 78) as reported · amount: 3006.66 · debtor: Mindful Collective Co., Ltd · creditor: Willson International Inc. · currency: CAD