Ontario · Bankruptcy

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 20 March 2017

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appointeeDodick Landau Inc.
appointee roletrustee
commencement date16 March 2017
court file no31-2228879
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Liabilities comprise: unsecured creditors per List 'A' $72,009.21, plus balance of secured claims per List 'B' $75,417.93 (bifurcated deficiency), totaling $147,427.14 unsecured; plus secured creditors per List 'B' $34,000.00 (estimated security value); preferred creditors (List 'C') and contingent/other liabilities (List 'D') are $0.00. Stated deficiency of $147,427.14. Total assets of $34,000.00 include $20,000.00 accounts receivable estimated to produce, plus $14,000.00 in other property per List 'H'. · page: 2 · as at: 2017-03-15 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer (Louise Taylor), sworn declaration · scope: entity - B & M Distribution Services Inc. only · currency: CAD · total assets: 34000 · total liabilities: 181427.14
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 161.1 · debtor: B & M Distribution Services Inc. · creditor: FedEx · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 500 · debtor: B & M Distribution Services Inc. · creditor: First Quality · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 17495.36 · debtor: B & M Distribution Services Inc. · creditor: Fordis · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 4480.32 · debtor: B & M Distribution Services Inc. · creditor: Gerrity · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 191.73 · debtor: B & M Distribution Services Inc. · creditor: GFL Enviro Inc · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1189.04 · debtor: B & M Distribution Services Inc. · creditor: Jims Brother · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2917.15 · debtor: B & M Distribution Services Inc. · creditor: L&K Industries · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 169.44 · debtor: B & M Distribution Services Inc. · creditor: Laser Matrix · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1504.93 · debtor: B & M Distribution Services Inc. · creditor: ML Packaging · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 330.53 · debtor: B & M Distribution Services Inc. · creditor: JS Tunggal Group · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2298.14 · debtor: B & M Distribution Services Inc. · creditor: Prolinc · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2447.86 · debtor: B & M Distribution Services Inc. · creditor: R3 Redistribution · currency: CAD
unsecured creditorsnote: Crown claim (Receiver General); document does not further characterize as deemed trust. · page: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2979.48 · debtor: B & M Distribution Services Inc. · creditor: Receiver General · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 135.57 · debtor: B & M Distribution Services Inc. · creditor: Rogers · currency: CAD
unsecured creditorsnote: Bifurcated claim: full amount treated as unsecured because List 'B' assigns $0.00 estimated security value to this creditor's collateral. · page: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 23205.35 · debtor: B & M Distribution Services Inc. · creditor: Scotia Visa · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 8243.8 · debtor: B & M Distribution Services Inc. · creditor: Sipp · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 640.31 · debtor: B & M Distribution Services Inc. · creditor: Stronex · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 399.92 · debtor: B & M Distribution Services Inc. · creditor: Uline · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 113.08 · debtor: B & M Distribution Services Inc. · creditor: Oshawa PUC · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 601.39 · debtor: B & M Distribution Services Inc. · creditor: Atlas Corrugated Box · currency: CAD
unsecured creditorsnote: Bifurcated claim: this is the unsecured balance of a $86,212.58 total claim after $34,000.00 estimated security value applied (see secured creditors, List 'B'). · page: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 52212.59 · debtor: B & M Distribution Services Inc. · creditor: Bank of Nova Scotia · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2572.05 · debtor: B & M Distribution Services Inc. · creditor: Calibre Sales · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 6714.62 · debtor: B & M Distribution Services Inc. · creditor: E.B.Box · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 5106.17 · debtor: B & M Distribution Services Inc. · creditor: Enjay Converters · currency: CAD
unsecured creditorspage: 3 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 926.7 · debtor: B & M Distribution Services Inc. · creditor: Esso (Imperial Oil) · currency: CAD
unsecured creditorspage: 4 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 6843.52 · debtor: B & M Distribution Services Inc. · creditor: Westcan Marketing · currency: CAD
unsecured creditorspage: 4 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1384.77 · debtor: B & M Distribution Services Inc. · creditor: Wayne Safety · currency: CAD
unsecured creditorspage: 4 · as of: 2017-03-15 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1662.23 · debtor: B & M Distribution Services Inc. · creditor: Vespa · currency: CAD
secured creditorsnote: Estimated value of security is nil; per List 'B' the entire claim is bifurcated into the unsecured balance (see matching entry in List 'A' Unsecured Creditors, item 22). · page: 5 · as of: 2017-03-15 · amount: 23205.35 · debtor: B & M Distribution Services Inc. · creditor: Scotia Visa · currency: CAD · security: Business Assets-Machinery, equipment and plant ($0); Motor Vehicles-2008 GMC Savana ($0); Furniture ($0); Debts Due-Business-Accounts Receivable List ($0); Business Assets-Stock in Trade-Inventory ($0) — all dated 01-Jan-2008, estimated security value $0.00
secured creditorsnote: Statement of Affairs List 'B' bifurcates this claim: only $34,000.00 (estimated security value) is treated as secured; the balance of $52,212.58 is carried as unsecured (see matching entry in List 'A' Unsecured Creditors, item 2). Total claim as stated is $86,212.58. · page: 5 · as of: 2017-03-15 · amount: 86212.58 · debtor: B & M Distribution Services Inc. · creditor: Bank of Nova Scotia · currency: CAD · security: Debts Due-Business-Accounts Receivable List ($20,000, given 01-Jan-2008); Business Assets-Machinery, equipment and plant ($5,000, given 01-Jan-2000); Motor Vehicles-2008 GMC Savana ($5,000, given 01-Jan-2008); Business Assets-Stock in Trade-Inventory ($3,000, given 01-Jan-2008); Furniture ($1,000, given 01-Jan-2008) — aggregate estimated security value $34,000.00