Ontario · Bankruptcy
Creditor's Package
Meeting materials · 6 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing18 verified
- appointeeMNP Ltd.
- appointee roletrustee
- commencement date5 October 2026
- court file no31-3432647
- provinceOntario
- financial positionnote: Sole asset: deposits in financial institutions (CIBC account, Chicago), estimated realizable value $1.00 (placeholder). Liabilities: unsecured $19,396,378.42 + secured $1.00; preferred $0.00; contingent/trust $0.00. Stated deficiency -$19,396,378.42; surplus $0.00. Reason for financial difficulty: lack of working capital/funding. · page: 4 · as at: 2026-10-01 · basis: Statement of Affairs (Form 78) sworn/declared by director Richard Nathan on 1 Oct 2026; estimated realizable values as stated by the bankrupt, not audited or verified by the Trustee · scope: Entity: 6888887 Canada Inc. (Jewlr.com) only · currency: CAD · total assets: 1 · total liabilities: 19396379.42
- unsecured creditorspage: 6 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 56265.79 · debtor: 6888887 Canada Inc. · creditor: Be Found Online · currency: CAD
- secured creditorsnote: Amount is the total claim as stated by the bankrupt in the Statement of Affairs (reported, not proven); only $1.00 is treated as secured. Estimated realizable value of the securing asset is $1.00. No proof of claim filed as of the document. · page: 7 · as of: 1 October 2026 (Statement of Affairs date) · amount: 17069418.35 · debtor: 6888887 Canada Inc. · creditor: Canadian Imperial Bank of Commerce · currency: CAD · security: Nature of liability: bank loans except real property mortgage; date given/incurred 15-Nov-2021; asset securing: deposits in financial institutions (item 101). Form 78 shows the claim split as unsecured $17,069,417.35 and secured $1.00 (total $17,069,418.35), the secured portion being the estimated realizable value of the $1.00 deposit asset; deficit from security shown as -$17,069,417.35.
- unsecured creditorsnote: Deficiency over $1.00 secured portion of CIBC's $17,069,418.35 claim; same debt as the secured entry, not an additional claim. · page: 7 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt · amount: 17069417.35 · debtor: 6888887 Canada Inc. · creditor: Canadian Imperial Bank of Commerce (unsecured portion of bank loan) · currency: CAD
- unsecured creditorspage: 8 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 56160.19 · debtor: 6888887 Canada Inc. · creditor: Common Thread Collective, Inc. · currency: CAD
- unsecured creditorspage: 10 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 25570.03 · debtor: 6888887 Canada Inc. · creditor: Feedonomics Holdings, LLC · currency: CAD
- unsecured creditorsnote: Largest trade creditor listed. Form 78 states creditor claims in the list without specifying currency; treated as CAD. · page: 10 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 809511.65 · debtor: 6888887 Canada Inc. · creditor: Google LLC · currency: CAD
- unsecured creditorspage: 11 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 49297.38 · debtor: 6888887 Canada Inc. · creditor: Hamster Garage, LLC · currency: CAD
- unsecured creditorsnote: Currency not stated in the list; treated as CAD. · page: 12 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 448878.39 · debtor: 6888887 Canada Inc. · creditor: Meta Platforms Inc (Facebook) · currency: CAD
- unsecured creditorspage: 13 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; international accounts payable · amount: 78962.58 · debtor: 6888887 Canada Inc. · creditor: Midas Hediyelik Esya San. Tic. ve A.S. (Turkey) · currency: CAD
- unsecured creditorspage: 18 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 95466.7 · debtor: 6888887 Canada Inc. · creditor: Zeifmans LLP · currency: CAD
- unsecured creditorspage: 18 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; accounts payable · amount: 33179.06 · debtor: 6888887 Canada Inc. · creditor: Zakka Canada · currency: CAD
- unsecured creditorsnote: The document itemises 106 creditors totalling $19,396,378.42 unsecured (plus $1.00 secured). Only the largest are listed individually in this extraction; Form 78 pages 14-17 (creditors ~67-98) were not among the pages provided. No proofs of claim filed figure is stated. · page: 19 · as of: 1 October 2026 (Statement of Affairs date) · basis: Statement of Affairs (Form 78) as reported by the bankrupt; 106 creditors listed in total · debtor: 6888887 Canada Inc. · creditor: Other trade creditors (itemised on Form 78, pp. 6-19) · currency: CAD