Ontario · Bankruptcy
Statement of Affairs
Statement of affairs · 27 June 2025
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What we verified from this filing20 verified
- financial positionnote: Deficiency of $133,526,979.23 reported. Liabilities include $135,000,000 of contingent/trust claims relating to unvalued alleged abuse claims (over 30 claims, asserted in excess of $100 million per reasons for financial difficulty). · page: 1 · as at: 2025-06-27 · basis: Statement of Affairs (Form 78) sworn/declared by Peter Stock, director · scope: Robert Land Academy (single corporate bankrupt entity) · currency: CAD · total assets: 4743344.87 · total liabilities: 138270324.1
- secured creditorsnote: Total claim asserted is $3,200,000.00, dated as given/incurred 21-Apr-2025; claim bifurcated by security valuation into secured portion ($1,571,141.68, equal to realizable value of the real property) and unsecured deficiency ($1,628,858.32, reported separately as unsecured). · page: 3 · as of: 2025-06-27 · amount: 1571141.68 · debtor: Robert Land Academy · creditor: Appgear Mortgage Investment Limited Partnership · currency: CAD · security: Mortgage or hypothec on real/immovable property (asset item 701 – 6726 South Chippawa Road, West Lincoln, ON)
- unsecured creditorsnote: Unsecured deficiency portion of a claim bifurcated secured/unsecured by security valuation; total claim $3,200,000.00, secured portion $1,571,141.68 reported separately. · page: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1628858.32 · debtor: Robert Land Academy · creditor: Appgear Mortgage Investment Limited Partnership · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1 · debtor: Robert Land Academy · creditor: Canada Bread · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 2368.11 · debtor: Robert Land Academy · creditor: Canadian Linen · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 934.03 · debtor: Robert Land Academy · creditor: Christies Dairy · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 3318.39 · debtor: Robert Land Academy · creditor: Clearford Waterworks · currency: CAD
- unsecured creditorsnote: Unvalued contingent claims; document states in excess of 30 claims alleging various forms of abuse asserting claims in excess of $100 million, not yet valued. · page: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities), reported as Contingent, trust claims or other liabilities · amount: 135000000 · debtor: Robert Land Academy · creditor: Contingent Litigation Creditors with claims against the Company · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1 · debtor: Robert Land Academy · creditor: Former Employees · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1 · debtor: Robert Land Academy · creditor: Former Students · currency: CAD
- unsecured creditorspage: 3 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 2000 · debtor: Robert Land Academy · creditor: Amazon Business · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1903.42 · debtor: Robert Land Academy · creditor: Granderie Home Hardware · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 3429.96 · debtor: Robert Land Academy · creditor: McDougal Energy · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1 · debtor: Robert Land Academy · creditor: Microsoft Office 365 · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 6663.8 · debtor: Robert Land Academy · creditor: Niagara Peninsula Energy · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1885.86 · debtor: Robert Land Academy · creditor: Roseland Produce · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 9154.39 · debtor: Robert Land Academy · creditor: Royal Bank of Canada (Credit Card) · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 17411.04 · debtor: Robert Land Academy · creditor: Shillington McCall · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 19458.22 · debtor: Robert Land Academy · creditor: Sysco Foods · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-06-27 · basis: Statement of Affairs (list of liabilities) as sworn by director · amount: 1792.88 · debtor: Robert Land Academy · creditor: Gordon Foods · currency: CAD