Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors including creditors package.
Meeting materials · 27 November 2025
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What we verified from this filing29 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date27 November 2025
- court file no32-3303387
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Secured creditors $108.00; preferred creditors/securities/priorities $0.00; unsecured creditors $607,503.10; contingent/trust/other liabilities $101.00; Total liabilities $607,712.10. Total assets $108.00; deficiency $607,604.10. Three claims are bifurcated (ADD Capital, Apple, BDC Capex): the $108.00 secured total is the token secured value of those equipment-lease/loan claims. · page: 2 · as at: 2025-11-26 · basis: Form 78 Statement of Affairs (Corporate Bankruptcy) as stated and estimated by the bankrupt/debtor · scope: Byrne Production Services Incorporated (single corporate entity) · currency: CAD · total assets: 108 · total liabilities: 607712.1
- secured creditorsnote: secured portion of a bifurcated claim; total claim $9,792.00 = $1.00 secured + $9,791.00 unsecured per SOA valuation · page: 4 · as of: 2025-11-26 · amount: 1 · creditor: Apple Financial Services · currency: CAD · security: Equipment lease dated 08-Jul-2024; secured against asset no. 501
- secured creditorsnote: secured portion of a bifurcated claim; total claim $252,700.00 = $105.00 secured + $252,595.00 unsecured per SOA valuation · page: 4 · as of: 2025-11-26 · amount: 105 · creditor: Business Development Bank of Canada · currency: CAD · security: Capex Loan dated 01-Aug-2024; secured against asset nos. 101, 102, 103, 504, 505, 506
- secured creditorsnote: secured portion of a bifurcated claim; total claim $69,927.00 = $2.00 secured + $69,925.00 unsecured per SOA valuation · page: 4 · as of: 2025-11-26 · amount: 2 · creditor: ADD Capital Corp. · currency: CAD · security: Equipment lease dated 15-Aug-2024; secured against asset nos. 502, 503
- unsecured creditorsnote: unsecured portion of a bifurcated claim; total claim $9,792.00, secured portion $1.00 · page: 4 · as of: 2025-11-26 · basis: Equipment lease (dated 08-Jul-2024) · amount: 9791 · creditor: Apple Financial Services · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-11-26 · basis: Operating Loan · amount: 32370 · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: unsecured portion of a bifurcated claim; total claim $252,700.00, secured portion $105.00 · page: 4 · as of: 2025-11-26 · basis: Capex Loan (dated 01-Aug-2024) · amount: 252595 · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-11-26 · basis: CADP Loan · amount: 34166.53 · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: quasi-governmental (CRA GST/HST); nominal amount $1.00 · page: 4 · as of: 2025-11-26 · basis: Corporate taxes - HST · amount: 1 · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: unsecured portion of a bifurcated claim; total claim $69,927.00, secured portion $2.00 · page: 4 · as of: 2025-11-26 · basis: Equipment lease (dated 15-Aug-2024) · amount: 69925 · creditor: ADD Capital Corp. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-11-26 · basis: AMEX (credit card) · amount: 9441.7 · creditor: American Express c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: quasi-governmental (CRA payroll source deductions, deemed-trust class); nominal unsecured $1.00 plus contingent $1.00, total claim $2.00 · page: 5 · as of: 2025-11-26 · basis: Corporate taxes - Payroll (source deductions) · amount: 1 · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-11-26 · basis: Owed rent - Lease Unit 26 · amount: 5000 · creditor: DIGITAL21 SMART HOME · currency: CAD
- unsecured creditorsnote: related party (shareholder); nominal unsecured $1.00 plus contingent $100.00, total claim $101.00 · page: 5 · as of: 2025-11-26 · basis: Shareholder · amount: 1 · creditor: Lorraine Byrne · currency: CAD
- unsecured creditorsnote: related party (shareholder loan; Matthew Byrne is the director who swore the Statement of Affairs) · page: 5 · as of: 2025-11-26 · basis: Shareholder loan · amount: 104813.71 · creditor: Matthew Byrne · currency: CAD
- unsecured creditorsnote: quasi-governmental (Ontario provincial tax); nominal amount $1.00 · page: 5 · as of: 2025-11-26 · basis: Corporate taxes - Provincial tax · amount: 1 · creditor: Ministry of Finance - ON (PST, EHT & Other Taxes) · currency: CAD
- unsecured creditorsnote: quasi-governmental (CRA corporate income tax); nominal amount $1.00 · page: 5 · as of: 2025-11-26 · basis: Corporate taxes - Corp Tax · amount: 1 · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorspage: 6 · as of: 2025-11-26 · basis: Bank loan (except real-property mortgage) - Overdraft · amount: 57036.62 · creditor: TD Canada Trust c/o FCT Default Solutions · currency: CAD
- unsecured creditorspage: 6 · as of: 2025-11-26 · basis: Bank loan (except real-property mortgage) - US Account · amount: 10.1 · creditor: TD Canada Trust c/o FCT Default Solutions · currency: CAD
- unsecured creditorspage: 6 · as of: 2025-11-26 · basis: VISA (credit card) · amount: 10118.55 · creditor: TD Canada Trust Visa c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: nominal amount $1.00 · page: 6 · as of: 2025-11-26 · basis: Former Lease · amount: 1 · creditor: Volkswagen Finance · currency: CAD
- unsecured creditorsnote: nominal amount $1.00 · page: 6 · as of: 2025-11-26 · basis: WSIB · amount: 1 · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: US vendor (San Francisco, CA); amount stated in CAD column · page: 6 · as of: 2025-11-26 · basis: Platform Invoice · amount: 22227.89 · creditor: ON 24 · currency: CAD