Ontario · Bankruptcy

Form 78 – Statement of Affairs

Statement of affairs · 3 September 2020

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commencement date31 August 2020
financial positionnote: Deficiency reported as $2,241,073.72; Surplus reported as NIL. Total liabilities comprise unsecured creditors $2,079,354.72 plus balance of secured claims $227,423.00 (= total unsecured creditors $2,306,777.72), secured creditors $146,296.00, and preferred creditors $45,000.00. · page: 1 · as at: 2020-08-31 · basis: as stated and estimated by the officer · scope: entity - RJ Burlington Inc. · currency: CAD · total assets: 257000 · total liabilities: 2498073.72
provinceOntario
statutory basisSubsection 49(2) and Paragraph 158(d) of the Act / Subsections 50(2) and 62(1) of the Act
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 300 · debtor: RJ Burlington Inc. · creditor: American Express c/o FCT Default Solutions · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 5478 · debtor: RJ Burlington Inc. · creditor: Avid Products Inc. · currency: CAD
unsecured creditorsnote: Account 5112420000166847, distinct from CSBFA loan balance also listed under Bank of Montreal · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 40000 · debtor: RJ Burlington Inc. · creditor: Bank of Montreal · currency: CAD
unsecured creditorsnote: CSBFA #3871-6998-527; represents unsecured shortfall (bifurcated balance) after security valuation on the corresponding secured claim per List B · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 227423 · debtor: RJ Burlington Inc. · creditor: Bank of Montreal · currency: CAD
unsecured creditorsnote: Account 5264550000132690 · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 15113.7 · debtor: RJ Burlington Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com · currency: CAD
unsecured creditorsnote: Account 5584 7900 0012 4858 · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 2475 · debtor: RJ Burlington Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com · currency: CAD
unsecured creditorsnote: Account 5587 0000 0399 4449 · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 14382 · debtor: RJ Burlington Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 513.7 · debtor: RJ Burlington Inc. · creditor: Center Edge software · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 521.95 · debtor: RJ Burlington Inc. · creditor: Cogeco Connexion Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 406.8 · debtor: RJ Burlington Inc. · creditor: Controltech Systems Corp. · currency: CAD
unsecured creditorsnote: GST/HST claim; deemed trust class · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 19000 · debtor: RJ Burlington Inc. · creditor: CRA - GST/HST - Shawinigan-Sud · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 546.86 · debtor: RJ Burlington Inc. · creditor: Cintas Corporation · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (Attn Dr Pari Oza) · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 100000 · debtor: RJ Burlington Inc. · creditor: Dr Pari Oza Medical Professional Corporation · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 4718 · debtor: RJ Burlington Inc. · creditor: K5 Signs & Graphics · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (individual) · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 300000 · debtor: RJ Burlington Inc. · creditor: Kathryn Frank · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (Attn Dr Judy Ming) · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 50000 · debtor: RJ Burlington Inc. · creditor: DR Judy Ming Medicine Professional Corporation · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 15750 · debtor: RJ Burlington Inc. · creditor: 1475714 Ontario Inc. · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (Attn Manish Gosrani) · page: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 1420916 · debtor: RJ Burlington Inc. · creditor: 249932 Ontario Inc · currency: CAD
unsecured creditorspage: 2 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 485.22 · debtor: RJ Burlington Inc. · creditor: 3247138 Nova Scotia Co. · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (Attn Mark Mazzon) · page: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 25000 · debtor: RJ Burlington Inc. · creditor: Mazzon 2014 Family Trust · currency: CAD
unsecured creditorsnote: Shareholder loan; related party (Attn Rod Schaaf) · page: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 25000 · debtor: RJ Burlington Inc. · creditor: Rod Schaaf Family Trust 2013 · currency: CAD
unsecured creditorspage: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 734.5 · debtor: RJ Burlington Inc. · creditor: Scura & Luna LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 1372 · debtor: RJ Burlington Inc. · creditor: Sunstar Vending Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 101.58 · debtor: RJ Burlington Inc. · creditor: Worldpay Integrated Payments Canada, LLC · currency: CAD
unsecured creditorsnote: Franchise fees · page: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 34880 · debtor: RJ Burlington Inc. · creditor: Rockin' Jump International LLC · currency: CAD
unsecured creditorspage: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 993.27 · debtor: RJ Burlington Inc. · creditor: Metroland Media Group · currency: CAD
unsecured creditorspage: 3 · as of: 2020-08-31 · basis: Statement of Affairs, List A - Unsecured Creditors, as reported by the officer · amount: 666.14 · debtor: RJ Burlington Inc. · creditor: Media Classified Corporation · currency: CAD
secured creditorsnote: Claim bifurcated by security valuation: List B total 'Estimated value of security' is $146,296.00, reported on the Statement of Affairs summary (page 1) as 'Secured creditors as per list B'; the shortfall of $227,423.00 ('Balance of claim' in List B) is treated as unsecured and is included in Total unsecured creditors, appearing itemized in List A (page 2, item 7) as a separate Bank of Montreal claim. · page: 4 · as of: 2020-08-31 · amount: 146296 · debtor: RJ Burlington Inc. · creditor: Bank of Montreal · currency: CAD · security: Business assets - machinery, equipment, furniture & fixtures, computer hardware & software, trade fixtures/leasehold improvements, securing two facilities: CSBFA loan #3871-6998-527 (security given 19-Oct-2016, amount of claim $234,423.00) and Term Loan #3871-6998-447 (security given 28-Nov-2016, amount of claim $139,296.00); combined amount of claim per List B totals $373,719.00
unsecured creditorsnote: Preferred creditor; property lease claim (Attn Jeffrey Paikin); amount payable in full stated as $0.00, difference ranking for dividend $45,000.00 · page: 5 · as of: 2020-08-31 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc., as reported by the officer · amount: 45000 · debtor: RJ Burlington Inc. · creditor: 1475714 Ontario Inc. · currency: CAD