Ontario · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 22 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing13 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date1 May 2026
- court file no31-3368063
- proceeding typebia_bankruptcy
- provinceProvince of Ontario
- statutory basisBankruptcy and Insolvency Act
- cash on handnote: Bank accounts placed on deposit only, contain approximately $125,000 to date · amount: 125000 · currency: CAD · qualifier: approximately
- financial positionnote: Two asset figures given: estimated book value total $1,136,641 vs estimated realizable value total $415,619 (per Statement of Affairs, undated but tied to bankruptcy filing May 1, 2026). Liabilities: $391,112 per Statement of Affairs vs $416,582 proven & filed to May 22, 2026 (used as total_liabilities as most current). · basis: Statement of Affairs estimated book value and estimated realizable value for assets; creditor claims per Statement of Affairs and proofs filed to May 22, 2026 for liabilities · scope: Single debtor entity: Map Art Publishing Corporation · currency: CAD · total assets: 415619 · total liabilities: 416582
- operational summaryThe Company ceased operations prior to bankruptcy after its President left amid cash flow difficulties; staff were terminated in mid-to-late April 2026 and the Company filed an assignment in bankruptcy on May 1, 2026, with no ongoing operations since.
- recovery outcomeentries: basis: estimated · quote: The Trustee anticipates that there will be funds available for distribution to proven creditors, but it is premature at this time to project what that amount will be. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: proven creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-22 · table missing:
- report date22 May 2026
- report noPreliminary Report