Ontario · Bankruptcy
Notice of First Meeting of Creditors of The Paper Express Shoppe (2017) Inc.
Notice to creditors · 26 June 2020
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What we verified from this filing30 verified
- appointeeBaigel Corp.
- appointee roletrustee
- commencement date26 June 2020
- court file no32-2654637
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- financial positionnote: Deficiency of $574,436.17 stated on the Statement of Affairs; total unsecured creditors $313,796.28 (includes unsecured balances of secured claims); preferred creditors and contingent/trust claims $0.00 · page: 3 · as at: 2020-06-19 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer · scope: entity - The Paper Express Shoppe (2017) Inc. · currency: CAD · total assets: 46228.34 · total liabilities: 620664.51
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 16661.54 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Veritiv · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: Unsecured balance of otherwise secured claim · page: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported (balance of secured claim) · amount: 167062.7 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: 1320268 Ontario Limited · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1353.27 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: A.P.P. · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1397.71 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Ariva · currency: CAD
- unsecured creditorsnote: Unsecured balance of secured loan 124586-01 · page: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported (balance of secured claim) · amount: 99511.66 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: BDC · currency: CAD
- unsecured creditorsnote: Unsecured balance of secured loan 124586-02 · page: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported (balance of secured claim) · amount: 47221.92 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: BDC · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 40000 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: BMO Bank of Montreal (formerly MBanx) · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 7629.4 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Canada Paper House · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 2289.65 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Duroflex Specialty Papers Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 6492.98 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: International Data System · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 1915.5 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: OWL Contracting · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 33589.63 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Paper 4U · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 877.16 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Premium Employment Group Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 148000 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: REWB · currency: CAD
- unsecured creditorspage: 4 · as of: 2020-06-19 · basis: Statement of Affairs List A as reported · amount: 430.05 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: Spicers · currency: CAD
- secured creditorsnote: Statement of Affairs List B; estimated value of security $0.00, full balance $167,062.70 unsecured per surplus calc · page: 5 · as of: 2020-06-19 · amount: 167062.7 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: 1320268 Ontario Limited · currency: CAD · security: Debts due (accounts receivable), furniture (desks & file storage, racking), forklift, cutting machine, inventory stock; security given 20-Jul-2018
- secured creditorsnote: Statement of Affairs List B; estimated value of security $0.00, full balance shown as unsecured · page: 5 · as of: 2020-06-19 · amount: 47221.92 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: BDC · currency: CAD · security: Accounts receivable, furniture, forklift, cutting machine, inventory stock; security given 07-Jun-2017 (loan 124586-02)
- secured creditorsnote: Statement of Affairs List B; estimated value of security $46,228.34, balance of claim $99,511.66 shown as unsecured · page: 5 · as of: 2020-06-19 · amount: 145740 · debtor: The Paper Express Shoppe (2017) Inc. · creditor: BDC · currency: CAD · security: Cutting machine, inventory stock, forklift, accounts receivable, furniture; security given 07-Jun-2017 (loan 124586-01)