Ontario · Bankruptcy

Permaflex Inc. - Statement of Affairs.pdf

Statement of affairs · 12 June 2008

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commencement date12 June 2008
financial positionnote: Total unsecured creditors $1,406,238.42; secured creditors $525,000.00; preferred creditors NIL; contingent/other liabilities NIL; deficiency stated as $1,406,238.42 · page: 1 · as at: 2008-06-12 · basis: Statement of Affairs (Sec 158) as stated and estimated by bankrupt · scope: Permaflex Inc. (entity level, corporate bankrupt) · currency: CAD · total assets: 525000 · total liabilities: 1931238.42
provinceOntario
statutory basisSection 158
unsecured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · debtor: Permaflex Inc. · creditor: Bell Canada · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 960.49 · debtor: Permaflex Inc. · creditor: A&D Material handling Equipment · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 252 · debtor: Permaflex Inc. · creditor: AFMQ · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 2483.65 · debtor: Permaflex Inc. · creditor: All U Need Plastics · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 1688.83 · debtor: Permaflex Inc. · creditor: American & Efird Canada Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 552.47 · debtor: Permaflex Inc. · creditor: Bay Street Manufacturing · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 106 · debtor: Permaflex Inc. · creditor: Boucan · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 152.99 · debtor: Permaflex Inc. · creditor: Cansew Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 105000 · debtor: Permaflex Inc. · creditor: CCRZ Company · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 433.69 · debtor: Permaflex Inc. · creditor: Chateau Import-Export Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 5571.76 · debtor: Permaflex Inc. · creditor: Coats Bell · currency: CAD
unsecured creditorsnote: Amount listed as Unknown · page: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · debtor: Permaflex Inc. · creditor: Consumers Gas · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 22000 · debtor: Permaflex Inc. · creditor: D&R Supplies · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 2952.1 · debtor: Permaflex Inc. · creditor: Designs Variations Incorporated · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 145000 · debtor: Permaflex Inc. · creditor: Elite Wood Products Ltd. · currency: CAD
unsecured creditorsnote: Also listed as secured creditor on List B with balance of claim unsecured $350,000.00 · page: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 350000 · debtor: Permaflex Inc. · creditor: Exponent Capital · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 9888.28 · debtor: Permaflex Inc. · creditor: Foam & Fibre Company Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 18000 · debtor: Permaflex Inc. · creditor: Foamco · currency: CAD
unsecured creditorspage: 2 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 15000 · debtor: Permaflex Inc. · creditor: Fogler, Rubinoff LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 43000 · debtor: Permaflex Inc. · creditor: Regal Spring · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 4945.82 · debtor: Permaflex Inc. · creditor: RZCD Law Firm LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 68094.52 · debtor: Permaflex Inc. · creditor: The Quilt Factory · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 20000 · debtor: Permaflex Inc. · creditor: Fybon Industries · currency: CAD
unsecured creditorsnote: Amount listed as Unknown · page: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · debtor: Permaflex Inc. · creditor: Grip Clinch · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 16236.33 · debtor: Permaflex Inc. · creditor: GTS Trading Corp · currency: CAD
unsecured creditorsnote: Amount listed as Unknown · page: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · debtor: Permaflex Inc. · creditor: H&R Agencies · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 772.04 · debtor: Permaflex Inc. · creditor: Inner Source Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 22000 · debtor: Permaflex Inc. · creditor: Stelpro Wire & Spring · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 1679.03 · debtor: Permaflex Inc. · creditor: Soltex International · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 2159.83 · debtor: Permaflex Inc. · creditor: M. Fibres Inc. · currency: CAD
unsecured creditorsnote: Amount listed as Unknown; also listed as secured creditor on List B · page: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · debtor: Permaflex Inc. · creditor: Mahmood Hemani · currency: CAD
unsecured creditorsnote: Also listed as secured creditor on List B; balance of claim unsecured $100,055.52 (total claim $495,055.52) · page: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 100055.52 · debtor: Permaflex Inc. · creditor: Montcap Financial Corporation · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 245.75 · debtor: Permaflex Inc. · creditor: Nebs Business Products Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 1000 · debtor: Permaflex Inc. · creditor: Orchid Label · currency: CAD
unsecured creditorsnote: Individual; President of Permaflex Inc. per signature page - related party · page: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 250000 · debtor: Permaflex Inc. · creditor: Shamsh Dhala · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 10901.84 · debtor: Permaflex Inc. · creditor: Pine Valley Polymers Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 6550.05 · debtor: Permaflex Inc. · creditor: Poly Plus Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 1753.34 · debtor: Permaflex Inc. · creditor: Powerstream Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 576.53 · debtor: Permaflex Inc. · creditor: Trebor Personnel Inc. · currency: CAD
unsecured creditorsnote: US-based creditor; currency inferred but not explicitly stated · page: 4 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 575.96 · debtor: Permaflex Inc. · creditor: Wright of Thomasville · currency: USD
unsecured creditorspage: 4 · as of: 2008-06-12 · basis: Statement of Affairs List A as stated and estimated by bankrupt · amount: 175649.6 · debtor: Permaflex Inc. · creditor: Valle Foam · currency: CAD
secured creditorsnote: Estimated value of security $395,000.00; balance of claim unsecured $100,055.52 per List B · page: 5 · as of: 2008-06-12 · amount: 495055.52 · debtor: Permaflex Inc. · creditor: Montcap Financial Corporation · currency: CAD · security: Accounts receivable; Fixed assets; Inventory
secured creditorsnote: Amount of claim listed as Unknown; individual, possibly related party (also listed as unsecured creditor) · page: 5 · as of: 2008-06-12 · debtor: Permaflex Inc. · creditor: Mahmood Hemani · currency: CAD · security: None stated (estimated value of security $0.00)
secured creditorsnote: Deemed trust / CRA claim; listed as secured with estimated security value equal to claim, no unsecured balance · page: 5 · as of: 2008-06-12 · amount: 130000 · debtor: Permaflex Inc. · creditor: Canada Revenue Agency - London TSO · currency: CAD · security: Inventory; Fixed assets
secured creditorsnote: Also listed as unsecured creditor claim of $350,000.00 on List A; balance of claim unsecured $350,000.00 per List B · page: 5 · as of: 2008-06-12 · amount: 350000 · debtor: Permaflex Inc. · creditor: Exponent Capital · currency: CAD · security: None stated (estimated value of security $0.00)