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What we verified from this filing8 verified
- appointeeDodick Landau Inc.
- appointee roleTrustee in Bankruptcy
- commencement date2 May 2025
- court file no31-3219059
- proceeding typebia_bankruptcy
- provinceONTARIO
- financial positionnote: Statement of Affairs lists 6 known creditors with potential provable claims totalling $1,498,768, which includes the RBC secured claim valued at $1,158,008 (see secured_creditors note re: differing proof-of-claim amount). Total assets are not stated as a single total; remaining assets per SOA consist of production equipment and a van with combined estimated net realizable value of $40,000, and accounts receivable estimated at $238,000 (components only, not summed here per reporting rules). · page: 2 · basis: Statement of Affairs (management/estimated values) · scope: entity - 2285901 Ontario Inc. (f/k/a Alibi Entertainment Inc.), the Bankrupt · currency: CAD · total liabilities: 1498768
- secured creditorsnote: Proof of claim received also includes a US $28,420 component. Statement of Affairs separately valued RBC's secured claim at $1,158,008 (SOA/management estimate, lower than the filed proof of claim). HASCAP loan portion is guaranteed by the Business Development Bank of Canada (BDC) as guarantor, not a separate secured creditor. Trustee expects RBC will have all economic interest in the Bankrupt's assets and will experience a shortfall on its security, subject to confirmation of the pending security opinion. · page: 2 · as of: date of this report (May 22, 2025) · amount: 1210787 · debtor: 2285901 Ontario Inc. (f/k/a Alibi Entertainment Inc.) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Line of credit, HASCAP loan, and NATL Visa financing agreements; security opinion re: validity/enforceability pending