Ontario · Bankruptcy
Statement of Affairs - Form 78
Statement of affairs · 23 August 2024
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 filing21 verified
- commencement date23 August 2024
- financial positionnote: Assets $279,713.45: cash on hand $6,839.45; machinery $176,009.00 (laser machine $84,514.00, press brake $48,595.00, miscellaneous shop equipment $42,900.00); vehicles $81,900.00 (Toyota Tundra $53,900.00, Mercedes-Benz $28,000.00); retainer provided to Trustee $14,965.00. Liabilities $347,289.35: unsecured $129,081.92; secured $218,206.43; balance of secured claims $1.00. Deficiency $67,575.90. Custom metal fabrication and railings, Brampton, Ontario. · page: 1 · as at: 2024-08-23 · basis: Form 78 Statement of Affairs, as stated and estimated by the officer, sworn August 23, 2024. · scope: Amma Custom Fabrication & Railing Inc. (entity level) · currency: CAD · total assets: 279713.45 · total liabilities: 347289.35
- provinceOntario
- unsecured creditorsnote: Individual creditor — the deponent of this Statement of Affairs. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 40000 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Dwarka Dhari · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 30000 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Gregory Dhari · currency: CAD
- unsecured creditorspage: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 2146.5 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: MC Machinery Systems · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. Crown claim (Ontario). · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Ministry of Finance - ON (PST, EHT & Other Taxes) · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Takol Steelton Inc. · currency: CAD
- unsecured creditorspage: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 40000 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: The Toronto-Dominion Bank - 00892 (CEBA Loan) · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. Regulatory claim. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Alectra Utilities (formerly Horizon Utilities Corporation) · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Bell Canada F-88 - Business · currency: CAD
- unsecured creditorsnote: List “A” shows unsecured claim $0.00 with balance of claim $1.00 — the placeholder balance of its List “B” secured claim. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: C&S Associates Inc · currency: CAD
- unsecured creditorsnote: Crown claim. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 16929.42 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: CRA - GST/HST - Shawinigan-Sud (746526490) · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 2 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
- secured creditorspage: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 28000 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Mercedes-Benz Financial Services Canada Corporation · currency: CAD · security: 2020 Mercedes-Benz A250 (VIN WDD3F4HB6LJ142754), estimated value $28,000.00.
- secured creditorspage: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 35000 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: Toyota Credit Canada Incorporated · currency: CAD · security: 2023 Toyota Tundra 4x4 (VIN 5TFJA5EC2PX013772), estimated value $35,000.00 with $18,900.00 surplus.
- secured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 1 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: C&S Associates Inc · currency: CAD · security: Mitsubishi laser machine with accessories (security given March 3, 2020); estimated value $0.00; balance of claim $1.00.
- secured creditorsnote: Crown claim (deemed-trust class where applicable). · page: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 22097.43 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: CRA - Tax - Ontario (746526490) · currency: CAD · security: Miscellaneous shop equipment (security given August 12, 2024), estimated value $22,097.43 with $20,802.57 surplus; plus the retainer provided to the Trustee ($14,965.00 surplus) and cash at Royal Bank ($6,839.45 surplus).
- secured creditorsnote: Second of two MAC Funding rows — separate collateral. · page: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 48595 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: MAC Funding Corporation · currency: CAD · security: Diamond BH press brake machine with accessories (security given December 31, 2020), estimated value $48,595.00.
- secured creditorspage: 3 · as of: 2024-08-23 · basis: Form 78 — Statement of Affairs (Business Bankruptcy), sworn August 23, 2024 by Dwarka Nauth Dhari; MNP Ltd. trustee (Toronto). List “A” stated totals $129,081.92 / $1.00 / $129,082.92; List “B” secured claims $218,207.43 against security valued at $218,206.43 with estimated surplus $61,507.02 and balance of claim $1.00. · amount: 84514 · debtor: Amma Custom Fabrication & Railing Inc. · creditor: MAC Funding Corporation · currency: CAD · security: Mitsubishi laser machine with accessories (security given March 3, 2020), estimated value $84,514.00.