Ontario · NOI
Notice of Bankruptcy, First Meeting of Creditors – dated August 31, 2023
Notice to creditors · 31 August 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 filing9 verified
- financial positionnote: Deficiency stated as $1,667,565.70; total unsecured creditors $516,947.50 (including $499,999.00 balance of secured claim); secured creditors $1.00; preferred creditors $2,000.00; contingent/trust claims $1,148,618.20. · page: 2 · as at: 2023-08-25 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer · scope: Ayanda Cannabis Corporation (entity level, bankrupt estate) · currency: CAD · total assets: 1 · total liabilities: 1667566.7
- secured creditorsnote: Related party (Sioen family entity); listed as secured creditor per Form 78 List 'A'/'B'; balance of secured claim also reflected as balance of claim in unsecured creditor list. · page: 3 · as of: 2023-08-25 · amount: 499999 · debtor: Ayanda Cannabis Corporation · creditor: Vachaei Sioen Farms Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 16454.8 · debtor: Ayanda Cannabis Corporation · creditor: Natalie Cain · currency: CAD
- unsecured creditorsnote: Possible related party (Sioen family entity) · page: 3 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Ayanda Cannabis Corporation · creditor: Luke & Blanche Sioen Farms Ltd. · currency: CAD
- unsecured creditorsnote: Related party (Sioen family entity); this is the balance of a secured claim carried also as secured; total claim $499,999.00 · page: 3 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'A' - Unsecured Creditors, as stated and estimated by the officer (shown as 'Balance of claim') · amount: 499999 · debtor: Ayanda Cannabis Corporation · creditor: Vachaei Sioen Farms Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 492.7 · debtor: Ayanda Cannabis Corporation · creditor: Lamworks Inc. · currency: CAD
- secured creditorsnote: Statement of Affairs Form 78 lists 'Secured creditors as per list B' at $1.00; List 'B' page is an unreadable scanned image, individual creditor name not legible. · page: 4 · as of: 2023-08-25 · amount: 1 · debtor: Ayanda Cannabis Corporation · creditor: Secured creditor(s) as per List 'B' · currency: CAD
- unsecured creditorsnote: preferred claim ranking ahead of ordinary unsecured (wages) · page: 5 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'C' - Preferred Creditors for Wages, Rent, etc. · amount: 2000 · debtor: Ayanda Cannabis Corporation · creditor: Natalie Cain · currency: CAD
- unsecured creditorsnote: Contingent/trust claim; amount expected to rank for dividend stated as $0.00 · page: 6 · as of: 2023-08-25 · basis: Statement of Affairs (Form 78) List 'F' - Contingent or Other Liabilities · amount: 1148618.2 · debtor: Ayanda Cannabis Corporation · creditor: Shand Ramdhany · currency: CAD