Ontario · Bankruptcy
Statement of Affairs
Statement of affairs · 23 January 2023
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 filing5 verified
- commencement date23 January 2023
- financial positionnote: Document states secured creditors: 0.00 (List B empty), preferred creditors 0.00, contingent/trust claims 0.00; deficiency stated as 3,623,355.15 (surplus NIL). Asset figures on the face: accounts receivable estimated to produce 90,997.29 (4 debtors: CRA HST refund 901.85; Hengda Development Group security deposit 46,236.92; The Magnes Group Inc. insurance refund 1,648.44; UPS Canada duty-free reimbursement 42,210.08); deposits in financial institutions 221,647.56 (TD Canada Trust CAD 216,166.98; TD Canada Trust USD account 64.63; Towne Bank USD account 5,415.95 — List H shows the USD accounts at face figures with no stated conversion); inventory, equipment, real property and other categories all 0.00. Face-page total assets of 312,644.85 equals 90,997.29 + 221,647.56 (matches the document's stated total). · page: 1 · as at: 2023-01-23 · basis: Form 78 Statement of Affairs (Business Bankruptcy), 'as stated and estimated by the officer'; sworn by Dan Clarkson (remotely, from Virginia Beach, VA) on 23 January 2023 · scope: Entity-level: TDI-Dynamic Canada, ULC only (Markham, Ontario) · currency: CAD · total assets: 312644.85 · total liabilities: 3936000
- provinceOntario
- unsecured creditorsnote: Sole unsecured creditor listed; Virginia Beach VA address (US) — appears to be a related party/parent entity (inference from the shared name; the document does not say so). Currency not stated on the form; CAD assumed as the Form 78 default. Date is the statement of affairs/bankruptcy date (23 Jan 2023). Form lists no preferred, contingent or other liabilities (Lists C and D total 0.00). · page: 2 · as of: 2023-01-23 · basis: Statement of Affairs (Form 78) List "A" Unsecured Creditors, as stated and estimated by the officer; sworn by Dan Clarkson · amount: 3936000 · debtor: TDI-Dynamic Canada, ULC · creditor: TDI-Dynamic LLC · currency: CAD
- secured creditors