Ontario · Bankruptcy
Notice to Creditors
Notice to creditors · 7 November 2024
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What we verified from this filing43 verified
- financial positionnote: Form 78 summary reports Secured creditors: $0.00 and Preferred creditors/securities/priorities: $0.00, Unsecured creditors: $7,486,435.76, Contingent/trust claims: $0.00; resulting deficiency of $7,486,434.76 (Total assets $1.00 less Total liabilities $7,486,435.76). · page: 2 · as at: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: Entity - Intellipharmaceutics International Inc. (corporate bankrupt) · currency: CAD · total assets: 1 · total liabilities: 7486435.76
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 741392.15 · debtor: Intellipharmaceutics International Inc. · creditor: Buchanan Ingersoll & Rodney Llp · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 267.12 · debtor: Intellipharmaceutics International Inc. · creditor: Accesswire Canada Ltd · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 8404.66 · debtor: Intellipharmaceutics International Inc. · creditor: American Stock Transfer & Trust Co. · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 13364 · debtor: Intellipharmaceutics International Inc. · creditor: Anderson Kill P.C. · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 8972.57 · debtor: Intellipharmaceutics International Inc. · creditor: Anthony Lgp Llc · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 6957.5 · debtor: Intellipharmaceutics International Inc. · creditor: Apc International Secretariat · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 188.3 · debtor: Intellipharmaceutics International Inc. · creditor: Broadridge Ics · currency: CAD
- unsecured creditorsnote: Listed as claim of Board Members; likely related party (directors/officers) · page: 4 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 529499.95 · debtor: Intellipharmaceutics International Inc. · creditor: Board Members · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 559811.92 · debtor: Intellipharmaceutics International Inc. · creditor: Dla Piper Llp (Us) · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 63339.91 · debtor: Intellipharmaceutics International Inc. · creditor: Duff & Phelps Canada Ltd · currency: CAD
- unsecured creditorsnote: Nature of liability listed as Taxes Federal/Provincial/Municipal; quasi-governmental/deemed trust class claim · page: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1 · debtor: Intellipharmaceutics International Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 5650 · debtor: Intellipharmaceutics International Inc. · creditor: Computershare (Mellon Investor Services) · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1715.72 · debtor: Intellipharmaceutics International Inc. · creditor: Corporation Service Company · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 188824.01 · debtor: Intellipharmaceutics International Inc. · creditor: Dla Piper Llc (Canada) · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 11037.5 · debtor: Intellipharmaceutics International Inc. · creditor: Equisolve · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2149.87 · debtor: Intellipharmaceutics International Inc. · creditor: Intrado Digital Media Llc (Collections-Priority Credit Management Corp.) · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 481.44 · debtor: Intellipharmaceutics International Inc. · creditor: Fedex Express Canada Ltd · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 36549.49 · debtor: Intellipharmaceutics International Inc. · creditor: Forensic Economics Inc · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 55000 · debtor: Intellipharmaceutics International Inc. · creditor: Health Canada · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 58.21 · debtor: Intellipharmaceutics International Inc. · creditor: Ice Systems Inc. D/B/A Proxytrust · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 33549.69 · debtor: Intellipharmaceutics International Inc. · creditor: Issuer Direct · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3915.5 · debtor: Intellipharmaceutics International Inc. · creditor: Loweinstein Sandler Llp · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1392.2 · debtor: Intellipharmaceutics International Inc. · creditor: Mediant Communications Inc. · currency: CAD
- unsecured creditorspage: 6 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 250283.7 · debtor: Intellipharmaceutics International Inc. · creditor: Mnp Llp · currency: CAD
- unsecured creditorsnote: Nature of liability: Credit Cards Bank/Trust Companies Issuers · page: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 13113.9 · debtor: Intellipharmaceutics International Inc. · creditor: RBC Visa · currency: CAD
- unsecured creditorspage: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 306.31 · debtor: Intellipharmaceutics International Inc. · creditor: Moore Canada Corporation · currency: CAD
- unsecured creditorspage: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 68301.32 · debtor: Intellipharmaceutics International Inc. · creditor: Nasdaq Corporate Solutions Llc · currency: CAD
- unsecured creditorspage: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 102514.94 · debtor: Intellipharmaceutics International Inc. · creditor: National Economic Research Associates (Nera Economic Consulting) · currency: CAD
- unsecured creditorsnote: Related party - same surname/address as signing director Isa Odidi · page: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 59660.56 · debtor: Intellipharmaceutics International Inc. · creditor: Odidi, Amina · currency: CAD
- unsecured creditorsnote: Related party - Isa Odidi is the signing director of the debtor who swore this Statement of Affairs · page: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3983222.66 · debtor: Intellipharmaceutics International Inc. · creditor: Odidi, Isa & Amina · currency: CAD
- unsecured creditorspage: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 17240.69 · debtor: Intellipharmaceutics International Inc. · creditor: Otc Markets Group Inc · currency: CAD
- unsecured creditorspage: 7 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 36526.88 · debtor: Intellipharmaceutics International Inc. · creditor: Proactive Capital Resources Group, Llc · currency: CAD
- unsecured creditorsnote: Listed under 'Other/Shareholders' - equity/common shares claim, not a trade creditor · page: 8 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1 · debtor: Intellipharmaceutics International Inc. · creditor: Common Shares Shareholders · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 5603.08 · debtor: Intellipharmaceutics International Inc. · creditor: Teris-Nyc Llc · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 5359.92 · debtor: Intellipharmaceutics International Inc. · creditor: Tsg Reporting Inc · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 31745.85 · debtor: Intellipharmaceutics International Inc. · creditor: Tsx Inc. · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 19775 · debtor: Intellipharmaceutics International Inc. · creditor: Tsx Nex Venture Exchange Inc. · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 63379.39 · debtor: Intellipharmaceutics International Inc. · creditor: Tsx Trust Company · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 7250.65 · debtor: Intellipharmaceutics International Inc. · creditor: Shareholder,Com · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1412.5 · debtor: Intellipharmaceutics International Inc. · creditor: Tsx Venture Exchange Inc. · currency: CAD
- unsecured creditorspage: 9 · as of: 2024-10-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 548214.7 · debtor: Intellipharmaceutics International Inc. · creditor: Wollmuth Maher & Deutsch Llp · currency: CAD
- secured creditors