Ontario · NOI
Motion Record of TPX returnable July 31, 2025
Application / notice of application · 29 July 2025
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 filing7 verified · 2 withheld
- applicantThe Podcast Exchange Inc
- commencement date29 July 2025
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) IN BANKRUPTCY AND INSOLVENCY
- court file noBK-25-03244564-0031
- provinceONTARIO
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985 c. B-3
- unsecured creditorsnote: Stated as 'approximately $13,650' on account of commissions for pre-filing sales; the NOI was filed July 7, 2025 and the commissions were not due to be paid until August 15, 2025 per the Company's normal pay cycle (as_of reflects that due date). The employee's individual name is not given (referred to only as a KERP Participant). TPX seeks authorization to pay this amount. This is the ONLY pre-filing creditor figure recited on the face; the document is a KERP / extension-of-time / sealing NOI motion and contains no statement of affairs or creditor listing. Separately, TPX seeks approval of a proposed KERP Charge (a prospective court-ordered priority charge) securing up to $96,000 of retention payments -- that is a proposed charge, not a pre-filing creditor claim, so it is not recorded as security here. · page: 19 · as of: 2025-08-15 · basis: Affidavit of Pary Bell (CEO), affirmed July 29, 2025; amount stated as owed to a KERP-participant employee for sales completed before the NOI filing (para 27) · amount: 13650 · debtor: The Podcast Exchange Inc. · creditor: Key employee - pre-filing sales commissions · currency: CAD
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.