Ontario · Receivership (private)
Notice of Bankruptcy, First Meeting of Creditors – dated February 19, 2016
Notice to creditors · 19 February 2016
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 filing67 verified
- financial positionnote: Date of bankruptcy 12 February 2016 (assignment filed 12 Feb 2016; SOA sworn 11 Feb 2016). Deficiency 3,421,110.61; surplus NIL. LIABILITIES: unsecured creditors per List A 233,692.07; balance of secured claims per List B 3,187,418.54; total unsecured 3,421,110.61; secured creditors per List B (estimated realizable security) 837,500.00; preferred creditors List C nil; contingent/trust claims List D 0.00. List B total amount of claim 4,024,918.54. Sworn by Judy Uchikura, Toronto. Trustee Richter Advisory Group Inc. · page: 2 · as at: 2016-02-12 · basis: Statement of Affairs (Form 78, Business Bankruptcy) as stated and estimated by the officer; unaudited · scope: Di-Cut Industries Ltd. (single entity) · currency: CAD · total assets: 837500 · total liabilities: 4258610.61
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 17294.7 · debtor: Di-Cut Industries Ltd. · creditor: DMR FULFILMENT INC. · currency: CAD
- unsecured creditorsnote: Employees' accrued vacation pay (unsecured portion). Also listed in List B #3 as a secured claim of 13,500.00 (page 6). May be a preferred wage claim class under BIA s.136 though the form lists it as ordinary unsecured. Do not double-count with the List B entry. · page: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 7644.32 · debtor: Di-Cut Industries Ltd. · creditor: EMPLOYEE VACATION ACCRUAL · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 158.2 · debtor: Di-Cut Industries Ltd. · creditor: DURACUT MACHINE KNIFE CO. · currency: CAD
- unsecured creditorsnote: Secured shortfall: unsecured portion (balance of claim) of 1120288 Ontario Inc's secured claim (List B #1, page 6). Listed with unsecured claim 0.00, balance of claim 781,300.00. Possible related party (same address as debtor). Do not double-count. · page: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 781300 · debtor: Di-Cut Industries Ltd. · creditor: 1120288 Ontario Inc · currency: CAD
- unsecured creditorsnote: Secured shortfall: unsecured portion (balance of claim) of 720065 Ontario Ltd's secured claim (List B #2, page 6). Listed with unsecured claim 0.00, balance of claim 1,952,500.00. Possible related party (same address as debtor). Do not double-count. · page: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1952500 · debtor: Di-Cut Industries Ltd. · creditor: 720065 Ontario Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 4953.35 · debtor: Di-Cut Industries Ltd. · creditor: ADECCO EMPLOYMENT SERV. LTD · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3017.1 · debtor: Di-Cut Industries Ltd. · creditor: ASTLEY GILBERT INTELLIGENT IMAGING · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 602.29 · debtor: Di-Cut Industries Ltd. · creditor: ATS-TANNER BANDING SYSTEMS INC. · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: AVIVA INSURANCE COMPANY OF CANADA · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 2510.15 · debtor: Di-Cut Industries Ltd. · creditor: BAUMER HSS CORP. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 2120.32 · debtor: Di-Cut Industries Ltd. · creditor: BELL MOBILITY INC. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3333.5 · debtor: Di-Cut Industries Ltd. · creditor: BLANEY MCMURTRY LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 184.15 · debtor: Di-Cut Industries Ltd. · creditor: BOBST NORTH AMERICA INC. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 422.36 · debtor: Di-Cut Industries Ltd. · creditor: BOND TECH · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 500 · debtor: Di-Cut Industries Ltd. · creditor: BUSINESS WIINGS · currency: CAD
- unsecured creditorsnote: Federal tax authority (CRA, deemed-trust class); listed by officer with nil claim amount · page: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: CANADA REVENU AGENCY · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 582.81 · debtor: Di-Cut Industries Ltd. · creditor: CASCADES RECOVERY INC. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1399.06 · debtor: Di-Cut Industries Ltd. · creditor: CAVANAGH ELECTRIC CO LTD · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 32.12 · debtor: Di-Cut Industries Ltd. · creditor: COLE INTERNATIONAL INC. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3107.5 · debtor: Di-Cut Industries Ltd. · creditor: CONSTANT CLEAN - 1778141 ONT. INC. · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 12135.07 · debtor: Di-Cut Industries Ltd. · creditor: CUT-A-DIE CANADA LTD · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 282.51 · debtor: Di-Cut Industries Ltd. · creditor: DMPG · currency: CAD
- unsecured creditorspage: 3 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1521.28 · debtor: Di-Cut Industries Ltd. · creditor: DIE SUPPLY GUYS INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 46.16 · debtor: Di-Cut Industries Ltd. · creditor: PUROLATOR · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 67.8 · debtor: Di-Cut Industries Ltd. · creditor: NORCOM BUSINESS SYSTEMS · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 266.68 · debtor: Di-Cut Industries Ltd. · creditor: ENTERPRISE TIME RECORDING SOLUTIONS INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 13098.56 · debtor: Di-Cut Industries Ltd. · creditor: EQUITABLE LIFE OF CANADA · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 528.84 · debtor: Di-Cut Industries Ltd. · creditor: FIRETRONICS 2000 INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 5227.27 · debtor: Di-Cut Industries Ltd. · creditor: FLINT PACKAGING PRODUCTS LTD · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 378.04 · debtor: Di-Cut Industries Ltd. · creditor: FORBO SIEGLING LTD (CANADA) · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 10671.87 · debtor: Di-Cut Industries Ltd. · creditor: FOUR POINTS EXPRESS INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 323.64 · debtor: Di-Cut Industries Ltd. · creditor: FRANCOTYP-POSTALIA CANADA INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3136.32 · debtor: Di-Cut Industries Ltd. · creditor: HALLTECH INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 2095.98 · debtor: Di-Cut Industries Ltd. · creditor: HEIDELBERG CANADA · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 192.33 · debtor: Di-Cut Industries Ltd. · creditor: L&K INDUSTRIES · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1113.28 · debtor: Di-Cut Industries Ltd. · creditor: LOCATOR INDUSTRIES LTD · currency: CAD
- unsecured creditorsnote: Secured shortfall: unsecured portion (balance of claim) of Messaging Science Inc's secured claim (List B #4, page 6). Listed with unsecured claim 0.00, balance of claim 453,618.54. Same address as debtor (1401 Huntingwood Drive) - possible related party. Do not double-count. · page: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 453618.54 · debtor: Di-Cut Industries Ltd. · creditor: MESSAGING SCIENCE INC · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 129.95 · debtor: Di-Cut Industries Ltd. · creditor: MINDEN GROSS LLP · currency: CAD
- unsecured creditorsnote: Provincial tax authority (Ontario Ministry of Finance, deemed-trust class); listed by officer with nil claim amount · page: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: MINISTRY OF FINANCE · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: PAIISLEY-MANNOR INSURANCE BROKERS INC. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 2599 · debtor: Di-Cut Industries Ltd. · creditor: PALLET EXPRESS LTD · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 565 · debtor: Di-Cut Industries Ltd. · creditor: PEAK ASSOCIATES LIMITED · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 745.8 · debtor: Di-Cut Industries Ltd. · creditor: PILLAR TAPES LTD. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 267.13 · debtor: Di-Cut Industries Ltd. · creditor: PRIORITY LABEL PRODUCTS LTD. · currency: CAD
- unsecured creditorspage: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3645.73 · debtor: Di-Cut Industries Ltd. · creditor: PRO LIFT-TRUCK SERVICES LTD · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 4 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: ENBRIDGE · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 101.7 · debtor: Di-Cut Industries Ltd. · creditor: WATERMART WATER FILTERS · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 5543.04 · debtor: Di-Cut Industries Ltd. · creditor: UPS CANADA · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: TORONTO HYDRO · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: TOTTEN INSURANCE GROUP INC · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1070.38 · debtor: Di-Cut Industries Ltd. · creditor: ULINE CANADA CORP. · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 113830.31 · debtor: Di-Cut Industries Ltd. · creditor: VANDERBERG PROFESSIONAL CORP. · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 480.25 · debtor: Di-Cut Industries Ltd. · creditor: WIDELINE MACHINE & TOOL INC · currency: CAD
- unsecured creditorsnote: WSIB (regulatory); listed by officer with nil claim amount · page: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: WORKPLACE SAFETY AND INSURANCE BOARD · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 1033.95 · debtor: Di-Cut Industries Ltd. · creditor: ZEBRA PAPER CONVERTERS INC · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 333.96 · debtor: Di-Cut Industries Ltd. · creditor: RENTOKIL INITIAL CANADA LTD · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 505 · debtor: Di-Cut Industries Ltd. · creditor: ROY TURK INDUSTRIAL SALES LTD · currency: CAD
- unsecured creditorsnote: Listed by officer with nil claim amount · page: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 0 · debtor: Di-Cut Industries Ltd. · creditor: ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 3174.85 · debtor: Di-Cut Industries Ltd. · creditor: SHIPMASTER CONTAINERS LIMITED · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 45.66 · debtor: Di-Cut Industries Ltd. · creditor: SPAENAUR · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 428.44 · debtor: Di-Cut Industries Ltd. · creditor: SUN MEDIA · currency: CAD
- unsecured creditorspage: 5 · as of: 2016-02-12 · basis: Statement of Affairs (Form 78) List A - unsecured creditors, as stated and estimated by the officer · amount: 244.36 · debtor: Di-Cut Industries Ltd. · creditor: THERMOKLINE MECHANICAL INC · currency: CAD
- secured creditorsnote: Form 78 List B. Employees' accrued vacation pay recorded as secured; fully secured (balance of claim nil). Also appears in List A #23 unsecured at a different figure 7,644.32 (page 3). May be a preferred wage claim class under BIA s.136 though the form does not so classify it. · page: 6 · amount: 13500 · debtor: Di-Cut Industries Ltd. · creditor: Employee Vacation Accrual · currency: CAD · security: Debts Due - Accounts Receivable (est. value 13,500.00) - fully secured (when given not stated).
- secured creditorsnote: Form 78 List B. Possible related party: same address as debtor (1401 Huntingwood Drive, Scarborough). Amount of claim 2,776,500.00; estimated value of security 824,000.00; unsecured shortfall / balance of claim 1,952,500.00 carried into List A #2 unsecured (page 3). Do not double-count. · page: 6 · amount: 2776500 · debtor: Di-Cut Industries Ltd. · creditor: 720065 Ontario Ltd. · currency: CAD · security: Business Assets - Machinery, equipment and plant (est. value 537,500.00); Promissory Notes - Di-Cut Industries Ltd. (250,000.00); Debts Due - Accounts Receivable (36,500.00). Total estimated value of security 824,000.00 (when given not stated).
- secured creditorsnote: Form 78 List B. Possible related party: same address as debtor (1401 Huntingwood Drive, Scarborough). Estimated realizable security 0.00, so the entire claim is an unsecured shortfall - balance of claim 781,300.00 carried into List A #1 unsecured (page 3). Do not double-count. · page: 6 · amount: 781300 · debtor: Di-Cut Industries Ltd. · creditor: 1120288 Ontario Inc · currency: CAD · security: Business Assets - Machinery, equipment and plant (est. value 0.00); Promissory Notes - Di-Cut Industries Ltd. (0.00); Debts Due - Accounts Receivable (0.00). Estimated value of security 0.00 (when given not stated).
- secured creditorsnote: Form 78 List B. Same address as debtor (1401 Huntingwood Drive, Scarborough) - possible related party. Estimated realizable security 0.00, so the entire claim is an unsecured shortfall - balance of claim 453,618.54 carried into List A #36 unsecured (page 4). Do not double-count. · page: 6 · amount: 453618.54 · debtor: Di-Cut Industries Ltd. · creditor: Messaging Science Inc · currency: CAD · security: Business Assets - Machinery, equipment and plant (est. value 0.00); Promissory Notes - Di-Cut Industries Ltd. (0.00); Debts Due - Accounts Receivable (0.00). Estimated value of security 0.00 (when given not stated).