Ontario · Bankruptcy

Notice of Bankruptcy

Notice to creditors · 22 July 2024

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appointeeCrowe Soberman Inc.
appointee roletrustee
commencement date16 July 2024
court file no31-3104680
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Total unsecured creditors $1,261,842.98 (unsecured claims $1,024,981.70 plus balance of secured claims $236,861.28); secured creditors $93,400.00; preferred creditors $0.00; contingent/trust claims $0.00; deficiency stated as $1,261,842.98; surplus NIL · page: 2 · as at: 2024-07-15 · basis: Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · scope: Golden Leaf Plastics Inc. (single entity) · currency: CAD · total assets: 93400 · total liabilities: 1355242.98
unsecured creditorsnote: Wages - WEPPA · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Loyola, Antonio · currency: CAD
unsecured creditorsnote: Wages - WEPPA · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Martinez, Michael Angelo · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1559.35 · debtor: Golden Leaf Plastics Inc. · creditor: Adcut Knives · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Aiden Packaging · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 37814.93 · debtor: Golden Leaf Plastics Inc. · creditor: Alectra Utilities (formerly Enersource Hydro) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 56543.04 · debtor: Golden Leaf Plastics Inc. · creditor: ANR Transport · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 33928.49 · debtor: Golden Leaf Plastics Inc. · creditor: Attwell Plastics · currency: CAD
unsecured creditorsnote: Also listed as secured creditor (List B) for same balance; appears bifurcated/duplicated across lists · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors (balance of claim), as stated and estimated by the officer · amount: 32000 · debtor: Golden Leaf Plastics Inc. · creditor: Bennington Financial Services Corp. · currency: CAD
unsecured creditorsnote: Also listed as secured creditor (List B) with same balance figure; balance of secured claim after security value · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors (balance of claim), as stated and estimated by the officer · amount: 192400 · debtor: Golden Leaf Plastics Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com (Loan) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 228971.24 · debtor: Golden Leaf Plastics Inc. · creditor: Business Development Bank of Canada - Toronto · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 50700 · debtor: Golden Leaf Plastics Inc. · creditor: CBRE (Landlord) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2895.63 · debtor: Golden Leaf Plastics Inc. · creditor: Colonext · currency: CAD
unsecured creditorsnote: Deemed trust / tax authority claim · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorsnote: Wages - WEPPA · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Curio, Antonio · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 4175 · debtor: Golden Leaf Plastics Inc. · creditor: Flint Packaging · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1723.25 · debtor: Golden Leaf Plastics Inc. · creditor: Global Machine Knife Inc. · currency: CAD
unsecured creditorsnote: Wages - WEPPA · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Hung, Phan Gia · currency: CAD
unsecured creditorspage: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1300 · debtor: Golden Leaf Plastics Inc. · creditor: Insurance · currency: CAD
unsecured creditorsnote: Wages - WEPPA · page: 3 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Justo, Jerrick · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 60478.76 · debtor: Golden Leaf Plastics Inc. · creditor: Tangent Plastics · currency: CAD
unsecured creditorsnote: Wages - WEPPA · page: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Golden Leaf Plastics Inc. · creditor: Villanueva, Reynaldo · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 39304.84 · debtor: Golden Leaf Plastics Inc. · creditor: Nexcycle Plastics · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2589.74 · debtor: Golden Leaf Plastics Inc. · creditor: Ontario Bearings & Industrial Supplies Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 176984.18 · debtor: Golden Leaf Plastics Inc. · creditor: Polyglobe · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 141.52 · debtor: Golden Leaf Plastics Inc. · creditor: Quench Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 30866.73 · debtor: Golden Leaf Plastics Inc. · creditor: Recast · currency: CAD
unsecured creditorsnote: Also listed as secured creditor (List B) with same balance figure; balance of secured claim after security value · page: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors (balance of claim), as stated and estimated by the officer · amount: 12461.28 · debtor: Golden Leaf Plastics Inc. · creditor: Scotiabank c/o BankruptcyHighway.com (JEEP) · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-15 · basis: Statement of Affairs List A - Unsecured Creditors, as stated and estimated by the officer · amount: 294997 · debtor: Golden Leaf Plastics Inc. · creditor: Transcontientele Inc. · currency: CAD
secured creditorsnote: Balance of claim per Statement of Affairs List B · page: 5 · as of: 2024-07-15 · amount: 32000 · debtor: Golden Leaf Plastics Inc. · creditor: Bennington Financial Services Corp. · currency: CAD · security: Business Assets - Machinery (1 New Chinese Extruder; Brand New Wicket Bag Machines), given 14-Nov-2023; estimated value of security $0.00
secured creditorsnote: Amount of claim $48,261.28 secured by vehicle valued at $35,800.00; balance of claim $12,461.28 used as amount · page: 5 · as of: 2024-07-15 · amount: 12461.28 · debtor: Golden Leaf Plastics Inc. · creditor: Scotiabank c/o BankruptcyHighway.com (JEEP) · currency: CAD · security: Motor Vehicles - Automobile - 2020 Jeep Wrangler (VIN 1C4HJXEN6LW103891), given 02-Feb-2022; amount of claim $48,261.28; estimated value of security $35,800.00
secured creditorsnote: Amount of claim stated as $250,000.00 (facility/registered claim amount); balance of claim after security value is $192,400.00, used here as balance · page: 5 · as of: 2024-07-15 · amount: 192400 · debtor: Golden Leaf Plastics Inc. · creditor: BMO Financial Group c/o BankruptcyHighway.com (Loan) · currency: CAD · security: Business Assets - Machinery (multiple items: 4KS Extruders, Wicket Bag Machines, Cutting Bag Machines, PTO Bag Machine, spare parts, Chinese Extruder, Garage Bag Machine, KS Recycle Machine, Office Furniture, Big/Small Compressor, Mixer Material), given 20-Mar-2000 (one item 20-Mar-2022); amount of claim $250,000.00; estimated value of security items totaling $58,600.00