Ontario · Bankruptcy

Creditor’s Package

Meeting materials · 15 May 2019

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appointeemsi Spergel inc.
appointee roletrustee
commencement date14 May 2019
court file no31-2510564
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Statement shows Surplus as NIL and Deficiency of $1,261,439.85. Liabilities include: unsecured creditors $1,174,316.87, balance of secured claims $87,122.98 (total unsecured creditors $1,261,439.85), secured creditors $984,772.02, preferred creditors $0.00, contingent/trust claims $0.00. · page: 4 · as at: 2019-05-14 · basis: as stated and estimated by the officer (Statement of Affairs, Form 78) · scope: Classic Glass & Mirror Ltd. (entity only) · currency: CAD · total assets: 984772.02 · total liabilities: 2246211.87
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 963.26 · debtor: Classic Glass & Mirror Ltd. · creditor: Bell Canada F-88 - Business (905 761 1814(972)) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 33.91 · debtor: Classic Glass & Mirror Ltd. · creditor: Bell Canada F-88 - Business (Toll Free) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1164.79 · debtor: Classic Glass & Mirror Ltd. · creditor: Canadian Linen & Uniform Service - Winnipeg, MB · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1353.25 · debtor: Classic Glass & Mirror Ltd. · creditor: Capstone LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1704.04 · debtor: Classic Glass & Mirror Ltd. · creditor: Competitive Consumables · currency: CAD
unsecured creditorsnote: CRA/Revenu deemed-trust class claim. · page: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1 · debtor: Classic Glass & Mirror Ltd. · creditor: CRA - Tax - Ontario (863694519RC0001) · currency: CAD
unsecured creditorsnote: CRA/Revenu deemed-trust class claim. · page: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1 · debtor: Classic Glass & Mirror Ltd. · creditor: CRA - Tax - Ontario (863694519RP0001) · currency: CAD
unsecured creditorsnote: CRA/Revenu deemed-trust class claim. · page: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 6261.83 · debtor: Classic Glass & Mirror Ltd. · creditor: CRA - Tax - Ontario (863694519RT0001) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1 · debtor: Classic Glass & Mirror Ltd. · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 235.78 · debtor: Classic Glass & Mirror Ltd. · creditor: De Gorter Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 456.13 · debtor: Classic Glass & Mirror Ltd. · creditor: 407 ETR Express Toll Route · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 641.81 · debtor: Classic Glass & Mirror Ltd. · creditor: ADT Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 423.75 · debtor: Classic Glass & Mirror Ltd. · creditor: Accuscreen Supplies Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 27330.07 · debtor: Classic Glass & Mirror Ltd. · creditor: Alectra Utilities · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 719 · debtor: Classic Glass & Mirror Ltd. · creditor: ALMEL Cleaning · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 2853.17 · debtor: Classic Glass & Mirror Ltd. · creditor: Avocation Employment Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 17104.58 · debtor: Classic Glass & Mirror Ltd. · creditor: BDO Canada LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 160.89 · debtor: Classic Glass & Mirror Ltd. · creditor: Bell Canada F-88 - Business (4167611814(181)) · currency: CAD
unsecured creditorspage: 5 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 135.72 · debtor: Classic Glass & Mirror Ltd. · creditor: Bell Canada F-88 - Business (416-789-3331(953)) · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 12253.84 · debtor: Classic Glass & Mirror Ltd. · creditor: Randstad Canada · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 504.48 · debtor: Classic Glass & Mirror Ltd. · creditor: EDPRO Energy Group Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 5191.11 · debtor: Classic Glass & Mirror Ltd. · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 23030.89 · debtor: Classic Glass & Mirror Ltd. · creditor: High Performance Glazing Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1 · debtor: Classic Glass & Mirror Ltd. · creditor: iCapital Financial Services Corp. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 13966.9 · debtor: Classic Glass & Mirror Ltd. · creditor: Industrial Automation Repair · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 2090.12 · debtor: Classic Glass & Mirror Ltd. · creditor: Keele Park Properties Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 740.43 · debtor: Classic Glass & Mirror Ltd. · creditor: Konica Minolta Business Solutions (Canada) Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 23566.36 · debtor: Classic Glass & Mirror Ltd. · creditor: Loopstra Nixon LLP · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 28849.42 · debtor: Classic Glass & Mirror Ltd. · creditor: Mappi America Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 45000 · debtor: Classic Glass & Mirror Ltd. · creditor: MedicsAid Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1 · debtor: Classic Glass & Mirror Ltd. · creditor: Merchant Advance Capital · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 2098.42 · debtor: Classic Glass & Mirror Ltd. · creditor: Nex Industrical Supplies Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 622.85 · debtor: Classic Glass & Mirror Ltd. · creditor: No-Glare Architectural Glass Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 3480.85 · debtor: Classic Glass & Mirror Ltd. · creditor: O'Brien Lifting Solutions Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 805.41 · debtor: Classic Glass & Mirror Ltd. · creditor: Ontario Glazing Supplies Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 520.42 · debtor: Classic Glass & Mirror Ltd. · creditor: Protek Paint · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 6422.35 · debtor: Classic Glass & Mirror Ltd. · creditor: Ricotec Services · currency: CAD
unsecured creditorsnote: Unsecured claim column shown as $0.00; the $87,122.98 is the balance of claim representing the shortfall of the secured claim (List B, amount of claim $793,847.00) over the estimated value of security ($706,724.02) - bifurcated secured/unsecured claim. · page: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported (Balance of claim) · amount: 87122.98 · debtor: Classic Glass & Mirror Ltd. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 39534.55 · debtor: Classic Glass & Mirror Ltd. · creditor: Saand Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 16.74 · debtor: Classic Glass & Mirror Ltd. · creditor: Salem Distributing Company, Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 2640.81 · debtor: Classic Glass & Mirror Ltd. · creditor: Sandler Sales Training · currency: CAD
unsecured creditorspage: 6 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 3559.63 · debtor: Classic Glass & Mirror Ltd. · creditor: Sedulous Glass & Mirror Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 87200.22 · debtor: Classic Glass & Mirror Ltd. · creditor: Trulite Industries · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 65.45 · debtor: Classic Glass & Mirror Ltd. · creditor: UPS Canada c/o Credit Department · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 1779.75 · debtor: Classic Glass & Mirror Ltd. · creditor: UV Designs Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 4140.11 · debtor: Classic Glass & Mirror Ltd. · creditor: Waste Container Service Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 726.59 · debtor: Classic Glass & Mirror Ltd. · creditor: Waterjet World Inc. · currency: CAD
unsecured creditorsnote: Regulatory body (WSIB) claim. · page: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 4415.99 · debtor: Classic Glass & Mirror Ltd. · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorsnote: Individual creditor named on the list. · page: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 600000 · debtor: Classic Glass & Mirror Ltd. · creditor: Timothy D. Irwin · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 198256.89 · debtor: Classic Glass & Mirror Ltd. · creditor: Thinking Capital Financial Corporation · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 866.59 · debtor: Classic Glass & Mirror Ltd. · creditor: Suncor Energy Products Inc. - Canada · currency: CAD
unsecured creditorspage: 7 · as of: 2019-05-14 · basis: Statement of Affairs, List A - Unsecured Creditors as reported · amount: 422.72 · debtor: Classic Glass & Mirror Ltd. · creditor: Staples c/o FCT Default Solutions · currency: CAD
secured creditorsnote: Estimated value of security equals amount of claim; balance of claim shown as nil (fully secured). · page: 8 · as of: 2019-05-14 · amount: 153716 · debtor: Classic Glass & Mirror Ltd. · creditor: CLE Leasing · currency: CAD · security: Business Assets - Machinery & Equipment
secured creditorsnote: Claim bifurcated secured/unsecured by security valuation: shortfall of $87,122.98 (amount of claim less estimated security value) also listed as an unsecured claim for Royal Bank of Canada on List A. · page: 8 · as of: 2019-05-14 · amount: 793847 · debtor: Classic Glass & Mirror Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Multiple security interests: Debts Due-Accounts Receivable ($92,986.02 est. value), Business Assets-Stock in Trade/Inventory ($23,000.00), Motor Vehicles-Automobile Ford-450 ($12,284.00), Business Assets-Machinery/Leasehold Improvements ($0.00), Business Assets-Machinery & Equipment ($578,454.00) - total estimated security value $706,724.02
secured creditorsnote: Estimated value of security equals amount of claim; balance of claim shown as nil (fully secured). · page: 8 · as of: 2019-05-14 · amount: 124332 · debtor: Classic Glass & Mirror Ltd. · creditor: DSM Leasing Ltd. · currency: CAD · security: Business Assets - Machinery & Equipment