Ontario · Bankruptcy

Creditor’s Package

Meeting materials · 15 February 2019

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appointeemsi Spergel inc.
appointee roletrustee
commencement date14 February 2019
court file no32-2474918
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Document states Surplus: NIL and Deficiency $875,608.30 (Total liabilities $1,876,914.48 less Total assets $1,001,306.18); List 'C' (Preferred creditors) and List 'D' (Contingent/other liabilities) both show Total $0.00. · page: 4 · as at: 2019-02-05 · basis: as stated and estimated by the officer (Statement of Affairs, Form 78) · scope: entity - RNG Restaurants Ltd. (single debtor, non-consolidated) · currency: CAD · total assets: 1001306.18 · total liabilities: 1876914.48
unsecured creditorsnote: Total claim comprises unsecured claim $0.00 plus balance of secured claim (deficiency) $30,000.00; also listed as secured creditor. · page: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 30000 · debtor: RNG Restaurants Ltd. · creditor: Bodkiin Capital Corporation · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 257818 · debtor: RNG Restaurants Ltd. · creditor: Boston Pizza International Inc. · currency: CAD
unsecured creditorsnote: Deemed trust class claim (CRA); distinct account (RT0001) from secured CRA claim (RP0001). · page: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 69515.29 · debtor: RNG Restaurants Ltd. · creditor: CRA - Tax - Ontario (Account 844493056RT0001) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 270473 · debtor: RNG Restaurants Ltd. · creditor: CTREIT · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 5495 · debtor: RNG Restaurants Ltd. · creditor: Ecolab Institutional · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 5005.36 · debtor: RNG Restaurants Ltd. · creditor: Ecolab Pest · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 2715.32 · debtor: RNG Restaurants Ltd. · creditor: Fresh Start · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 7000 · debtor: RNG Restaurants Ltd. · creditor: Manulife Financial · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 2100 · debtor: RNG Restaurants Ltd. · creditor: Mill Street Brewery · currency: CAD
unsecured creditorsnote: Also listed as secured creditor with matching $1.00 balance of claim. · page: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Ministry of Finance · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 2056.84 · debtor: RNG Restaurants Ltd. · creditor: Perfectpint · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 3000 · debtor: RNG Restaurants Ltd. · creditor: Praxair Canada Inc - Corporate accounts · currency: CAD
unsecured creditorsnote: Total claim comprises unsecured claim $0.00 plus balance of secured claim (deficiency) $89,700.51; also listed as secured creditor. · page: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 89700.51 · debtor: RNG Restaurants Ltd. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Russell · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 7250 · debtor: RNG Restaurants Ltd. · creditor: Gordon Food Service · currency: CAD
unsecured creditorsnote: Total claim comprises unsecured claim $0.00 plus balance of secured claim (deficiency) $24,696.59; also listed as secured creditor. · page: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 24696.59 · debtor: RNG Restaurants Ltd. · creditor: 2M7 Financial Solutions · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: ADT · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1100 · debtor: RNG Restaurants Ltd. · creditor: Amsterdam Brewing · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Bell Canada F-88 - Business (4167784700) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 371.61 · debtor: RNG Restaurants Ltd. · creditor: Bell Canada F-88 - Business (516269330) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Bell Canada F-88 - Business (8455200600170120) · currency: CAD
unsecured creditorspage: 6 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Toronto Hydro-Electric Systems Limited · currency: CAD
unsecured creditorspage: 6 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorspage: 6 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 97302.78 · debtor: RNG Restaurants Ltd. · creditor: Thinking Capital Financial Corporation · currency: CAD
unsecured creditorspage: 6 · as of: 2019-02-05 · basis: Statement of Affairs (Form 78), List 'A' Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Steamwhistle Brewery · currency: CAD
secured creditorsnote: Balance of claim (deficiency after security) $24,696.59; also appears on unsecured creditors List 'A'. · page: 7 · as of: 2019-02-05 · amount: 24696.59 · debtor: RNG Restaurants Ltd. · creditor: 2M7 Financial Solutions · currency: CAD · security: Business Assets - Machinery, Equipment and Furniture; Business Assets - Stock in Trade - Inventory; Business Assets - Trade Fixtures - Leasehold Improvements (all estimated security value $0.00)
secured creditorsnote: Balance of claim (deficiency) $89,700.51; also appears on unsecured creditors List 'A'. · page: 7 · as of: 2019-02-05 · amount: 908315.68 · debtor: RNG Restaurants Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Business Assets - Trade Fixtures - Leasehold Improvements (estimated value $701,292.19); Business Assets - Machinery, Equipment and Furniture (estimated value $117,321.98); Business Assets - Stock in Trade - Inventory (estimated value $1.00)
secured creditorsnote: Balance of claim $1.00; also appears on unsecured creditors List 'A'. · page: 7 · as of: 2019-02-05 · amount: 1 · debtor: RNG Restaurants Ltd. · creditor: Ministry of Finance · currency: CAD · security: Business Assets - Machinery/Equipment/Furniture, Stock in Trade - Inventory (estimated value $0.00), Business Assets - Trade Fixtures - Leasehold Improvements
secured creditorsnote: Deemed trust class claim (CRA); balance of claim after security is $0.00 (fully covered by estimated security value). · page: 7 · as of: 2019-02-05 · amount: 182691.01 · debtor: RNG Restaurants Ltd. · creditor: CRA - Tax - Ontario (Account 844493056RP0001) · currency: CAD · security: Business Assets - Trade Fixtures - Leasehold Improvements (estimated value $182,691.01); Business Assets - Machinery/Equipment/Furniture and Stock in Trade - Inventory (estimated value $0.00 each)
secured creditorsnote: Balance of claim (deficiency) $30,000.00; also appears on unsecured creditors List 'A'. · page: 7 · as of: 2019-02-05 · amount: 30000 · debtor: RNG Restaurants Ltd. · creditor: Bodkiin Capital Corporation · currency: CAD · security: Business Assets - Trade Fixtures - Leasehold Improvements (estimated security value $0.00)