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What we verified from this filing24 verified
- financial positionnote: Deficiency of $3,685,396.92 recorded in the form's 'Surplus' field (i.e., negative net position: liabilities exceed assets) · page: 2 · as at: 2026-02-02 · basis: Statement of Affairs (Form 78) totals from lists of assets and liabilities 'as stated and estimated by bankrupt/debtor', sworn by director Paul Minshull · scope: Scarsin Corporation (single entity) · currency: CAD · total assets: 74409.06 · total liabilities: 3759805.98
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 1 · debtor: Scarsin Corporation · creditor: Bell · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 1 · debtor: Scarsin Corporation · creditor: Bell Mobility · currency: CAD
- unsecured creditorsnote: Preferred/priority claim for corporate taxes; deemed-trust class; ground for right to priority listed as 'Other' · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 294314.15 · debtor: Scarsin Corporation · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 1 · debtor: Scarsin Corporation · creditor: CDW - Axiom · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 49195.1 · debtor: Scarsin Corporation · creditor: Dell Canada Inc · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 39713.85 · debtor: Scarsin Corporation · creditor: DynaCore Systems Inc · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 15747.56 · debtor: Scarsin Corporation · creditor: eStruxture Data Centers Inc · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 8475 · debtor: Scarsin Corporation · creditor: Extra Sauce Agency · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 1 · debtor: Scarsin Corporation · creditor: Jones DesLauriers Insurance Management · currency: CAD
- secured creditorsnote: KPMG Inc. is the Trustee of the estate and is listed as a secured creditor for $74,409.06 (secured by the debtor's cash and machinery/equipment) — related party (Trustee) status flagged per Statement of Affairs. KPMG also holds an unsecured vendor claim of $4,830.48 (see unsecured list). · page: 5 · as of: 2026-02-02 · amount: 74409.06 · debtor: Scarsin Corporation · creditor: KPMG Inc. · currency: CAD · security: Asset securing the liability listed as items 101 (cash on hand) and 1101 (machinery, equipment and plant); listed as 'Other/Vendor' nature of liability with Secured column populated
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 1281.42 · debtor: Scarsin Corporation · creditor: Ledgers Bookkeeping Services · currency: CAD
- unsecured creditorsnote: Vendor claim; KPMG also holds a separate secured claim of $74,409.06 (see secured list) — related party (Trustee) · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 4830.48 · debtor: Scarsin Corporation · creditor: KPMG Inc. · currency: CAD
- unsecured creditorsnote: Bank loan (except real property mortgage), given/incurred 01-Dec-2013; recorded entirely as unsecured despite being a bank facility · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 197669.1 · debtor: Scarsin Corporation · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorsnote: Vendor claim (legal services) · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 72291.67 · debtor: Scarsin Corporation · creditor: Miller Thomson LLP · currency: CAD
- unsecured creditorsnote: Shareholder loan (Unsecured Loan); related party (director/shareholder) · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 75000 · debtor: Scarsin Corporation · creditor: Paul Minshull · currency: CAD
- unsecured creditorsnote: Shareholder loan (DIP Loan); related party (director/shareholder) · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 249404.86 · debtor: Scarsin Corporation · creditor: Paul Minshull · currency: CAD
- unsecured creditorsnote: Shareholder loan described as 'GSA' (General Security Agreement) but recorded entirely in the Unsecured column of the Statement of Affairs; related party (director/shareholder) · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 48550.43 · debtor: Scarsin Corporation · creditor: Paul Minshull · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 7237.65 · debtor: Scarsin Corporation · creditor: POI Business Interiors LP · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 4737.61 · debtor: Scarsin Corporation · creditor: Scotiabank · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 28819.86 · debtor: Scarsin Corporation · creditor: Securework Software Canada ULC · currency: CAD
- unsecured creditorsnote: Employee claims, unsecured portion; document names no individual employees · page: 6 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 2568140.26 · debtor: Scarsin Corporation · creditor: Various Employees (unsecured wages) · currency: CAD
- unsecured creditorsnote: Preferred claim for unpaid wages; ground for right to priority listed as 'Other'; document names no individual employees · page: 6 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 19899.17 · debtor: Scarsin Corporation · creditor: Various Employees (preferred wages) · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 6 · as of: 2026-02-02 · basis: List of Liabilities, Statement of Affairs as stated/estimated by debtor · amount: 84.75 · debtor: Scarsin Corporation · creditor: Total Take Root Creative · currency: CAD