Ontario · Bankruptcy
Preliminary Report of Trustee
Court officer report · 17 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date24 February 2026
- court file no35-3337434
- proceeding typebia_bankruptcy
- secured creditorsnote: Vehicle was returned to the secured creditor pre/post bankruptcy; no outstanding balance stated; security effectively discharged via surrender of collateral. · page: 1 · debtor: Schnarr Legacy Craftsmen Inc. · creditor: Ford Credit Canada · currency: CAD · security: Security interest in 2023 Ford F150
- secured creditorsnote: Per Statement of Affairs (Secured class total, $68,550); narrative text estimates approximately $45,000 per Company records. · page: 2 · as of: Statement of Affairs · amount: 68550 · debtor: Schnarr Legacy Craftsmen Inc. · creditor: TD Bank · currency: CAD · security: General security agreement against all Company assets
- secured creditorsnote: Approximate amount per Company records; CRA has not yet confirmed this amount. Deemed trust class, ranks in priority to Trustee and all other creditors. Statement of Affairs lists Deemed Trust as $nil pending confirmation. · page: 2 · as of: date of bankruptcy (February 24, 2026) · amount: 100000 · debtor: Schnarr Legacy Craftsmen Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust for unremitted source deductions
- statutory basisSection 67(b), of the Bankruptcy and Insolvency Act
- unsecured creditorsnote: Document names no individual unsecured creditors; aggregate figure per Statement of Affairs. Proofs of claim filed to date total $47,796. · page: 2 · as of: Statement of Affairs · basis: Per Statement of Affairs · amount: 625506 · debtor: Schnarr Legacy Craftsmen Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- provinceOntario
- recovery outcomeentries: basis: estimated · quote: As such, we do not anticipate there will be any distribution to secured or unsecured creditors in the bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: secured or unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As such, we do not anticipate there will be any distribution to secured or unsecured creditors in the bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: secured or unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-17 · table missing: