Ontario · Bankruptcy

Chatsworth Farm Limited: Notice of Bankruptcy, First Meeting of Creditors, and Credit Package

Notice to creditors · 25 February 2022

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appointeeGoldhar & Associates Ltd.
appointee roletrustee
commencement date23 February 2022
court file no35-2806967
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Surplus NIL; deficiency 4,419,373.48. Total unsecured creditors 4,419,376.48 = unsecured creditors per List A 632,572.91 + balance of secured claims per List B 3,786,803.57. Secured creditors per List B estimated value of security 6.00; preferred creditors per List C 0.00; contingent/other per List D 0.00. Date of bankruptcy 23 February 2022 (Certificate of Appointment); SOA states affairs as of 22 February 2022. · page: 2 · as at: 2022-02-22 · basis: Statement of Affairs (Form 78, Business Bankruptcy) as stated and estimated by the officer; assets shown as 'estimated to produce' · scope: Single entity - Chatsworth Farm Ltd (Ontario, District of Ontario, Division 04 - Owen Sound; Estate/Court No. 35-2806967) · currency: CAD · total assets: 9 · total liabilities: 4419382.48
unsecured creditorsnote: Nominal 1.00 as stated. Canada Revenue Agency (deemed-trust class). · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: CRA - Toronto North Tax Services Office (810359471RM0001) · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated. Canada Revenue Agency (deemed-trust class). · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: CRA - Tax - Ontario (810359471RC0001) · currency: CAD
unsecured creditorspage: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 12814 · debtor: Chatsworth Farm Ltd · creditor: 1685666 Ontario Inc · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #1 (amount of claim 1,241,000.00) - cross-reference, do not double-count. Court file CV-21-00000088-0000. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1240996 · debtor: Chatsworth Farm Ltd · creditor: 2198743 ontario limited · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Adair Goldblatt Bieber LLP · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #2 - cross-reference, do not double-count. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 100424.9 · debtor: Chatsworth Farm Ltd · creditor: ADD Capital Corp. · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Baker Tilly SGB LLP · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #3 - cross-reference, do not double-count. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 750000 · debtor: Chatsworth Farm Ltd · creditor: Beachco Management Ltd (Torben Wittrup, Glenlane Investments Ltd and Beachco Real Estate Holdings Limited) · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #4 - cross-reference, do not double-count. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 250000 · debtor: Chatsworth Farm Ltd · creditor: Bruce Community Futures Development corporation · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. Court file CV-21-00000088-0000. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Blaney McMurtry LLP · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #5 - cross-reference, do not double-count. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 123867.1 · debtor: Chatsworth Farm Ltd · creditor: Equirex Leasing Corp. · currency: CAD
unsecured creditorsnote: Stated as 0.00 by the officer. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 0 · debtor: Chatsworth Farm Ltd · creditor: CBRE Limited · currency: CAD
unsecured creditorsnote: c/o Garfinkle Biderman LLP. Related party (MacGregor). · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 106950 · debtor: Chatsworth Farm Ltd · creditor: DL MacGregor Medicine Professional Corporation · currency: CAD
unsecured creditorsnote: c/o Garfinkle Biderman LLP. Related party - Daune Lorine MacGregor is the officer who swore the Statement of Affairs. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 441245 · debtor: Chatsworth Farm Ltd · creditor: Daune MacGregor · currency: CAD
unsecured creditorsnote: DB103921, on behalf of Ellis Gra. · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 51377.86 · debtor: Chatsworth Farm Ltd · creditor: Credit Bureau of Owen Sound Ltd. · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated. Canada Revenue Agency (deemed-trust class). · page: 3 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: CRA - Toronto North Tax Services Office (810359471RT0001) · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #9 - cross-reference, do not double-count. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 320000 · debtor: Chatsworth Farm Ltd · creditor: Sassan Mahammadi Azad and Azar Ajdari Azad · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. PPSA registrations 126133,126147,126244,126375,1268. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: lease link Canada · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated. Ontario Ministry of Finance provincial tax (PST, EHT & Other Taxes). · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #8 - cross-reference, do not double-count. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 28797 · debtor: Chatsworth Farm Ltd · creditor: Nissan Canada Finance Inc. c/o BankruptcyHighway · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Royal LePage Locations North · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Scotiabank c/o BankruptcyHighway.com · currency: CAD
unsecured creditorsnote: OD-5221262. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1085.04 · debtor: Chatsworth Farm Ltd · creditor: TD Canada Trust Visa C/O FCT Default Solutions · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated. Lawyers for L Patten & Sons Limited. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Victor Vandergust LLP · currency: CAD
unsecured creditorsnote: 49014C01. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 735.73 · debtor: Chatsworth Farm Ltd · creditor: west wawanosh · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated. WSIB statutory claim; listed by the officer in List A (unsecured), not List C. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Ewout De Rijjke · currency: CAD
unsecured creditorspage: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 18350.28 · debtor: Chatsworth Farm Ltd · creditor: Goldrich Printpak Inc · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #6 - cross-reference, do not double-count. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 65646.45 · debtor: Chatsworth Farm Ltd · creditor: Indcom Leasing · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Kirwin Partners LLP · currency: CAD
unsecured creditorsnote: Nominal 1.00 as stated by the officer. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 1 · debtor: Chatsworth Farm Ltd · creditor: Kopperud Hamilton Beyer · currency: CAD
unsecured creditorsnote: Balance of secured claim (unsecured shortfall) of List B secured creditor #7 - cross-reference, do not double-count. · page: 4 · as of: 2022-02-22 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated by the officer · amount: 907072.12 · debtor: Chatsworth Farm Ltd · creditor: L Patten & Sons Limited · currency: CAD
secured creditorsnote: List B secured creditor #1. Estimated value of security 4.00 (1.00 per item, 4 items); balance of claim (unsecured shortfall) 1,240,996.00 is also carried as an unsecured entry in List A - do not double-count. Court file CV-21-00000088-0000. · page: 5 · as of: 2022-02-22 · amount: 1241000 · debtor: Chatsworth Farm Ltd · creditor: 2198743 ontario limited · currency: CAD · security: Real Property/Immovable - Building, Chatsworth, 23547 holland sydenham townline RR#4; Business Assets - Stock in Trade (Inventory); Machinery - Computer; Machinery - Cidery related Equipment
secured creditorsnote: List B secured creditor #5. Estimated value of security 0.00; balance of claim (unsecured shortfall) 123,867.10 is also carried in List A - do not double-count. PPSA registrations 20004146,20003602,20003519. · page: 5 · as of: 2022-02-22 · amount: 123867.1 · debtor: Chatsworth Farm Ltd · creditor: Equirex Leasing Corp. · currency: CAD · security: Business Assets - Machinery - Multiple Leased Equipment related to Cidery; value unknown, likely to be repossessed by the Lessor
secured creditorsnote: List B secured creditor #4. Estimated value of security 0.00; balance of claim (unsecured shortfall) 250,000.00 is also carried in List A - do not double-count. · page: 5 · as of: 2022-02-22 · amount: 250000 · debtor: Chatsworth Farm Ltd · creditor: Bruce Community Futures Development corporation · currency: CAD · security: Real Property/Immovable - Building, Chatsworth, 23547 holland sydenham townline RR#4
secured creditorsnote: List B secured creditor #3. Estimated value of security 0.00; balance of claim (unsecured shortfall) 750,000.00 is also carried in List A - do not double-count. · page: 5 · as of: 2022-02-22 · amount: 750000 · debtor: Chatsworth Farm Ltd · creditor: Beachco Management Ltd (Torben Wittrup, Glenlane Investments Ltd and Beachco Real Estate Holdings Limited) · currency: CAD · security: Business Assets - Stock in Trade (Inventory); Machinery - Computer; Machinery - Cidery related Equipment; Real Property/Immovable - Building, Chatsworth, 23547 holland sydenham townline RR#4
secured creditorsnote: List B secured creditor #2. Estimated value of security 1.00; balance of claim (unsecured shortfall) 100,424.90 is also carried in List A - do not double-count. · page: 5 · as of: 2022-02-22 · amount: 100425 · debtor: Chatsworth Farm Ltd · creditor: ADD Capital Corp. · currency: CAD · security: Business Assets - Machinery - Multiple Leased Equipment related to Cidery; value unknown, likely to be repossessed by the Lessor
secured creditorsnote: List B secured creditor #8. Estimated value of security 1.00; balance of claim (unsecured shortfall) 28,797.00 is also carried in List A - do not double-count. · page: 6 · as of: 2022-02-22 · amount: 28798 · debtor: Chatsworth Farm Ltd · creditor: Nissan Canada Finance Inc. c/o BankruptcyHighway · currency: CAD · security: Motor Vehicles - 2020 Nissan NV 200 Compact Cargo SV
secured creditorsnote: List B secured creditor #7. Estimated value of security 0.00; balance of claim (unsecured shortfall) 907,072.12 is also carried in List A - do not double-count. · page: 6 · as of: 2022-02-22 · amount: 907072.12 · debtor: Chatsworth Farm Ltd · creditor: L Patten & Sons Limited · currency: CAD · security: Real Property/Immovable - Building, Chatsworth, 23547 holland sydenham townline RR#4
secured creditorsnote: List B secured creditor #6. Estimated value of security 0.00; balance of claim (unsecured shortfall) 65,646.45 is also carried in List A - do not double-count. · page: 6 · as of: 2022-02-22 · amount: 65646.45 · debtor: Chatsworth Farm Ltd · creditor: Indcom Leasing · currency: CAD · security: Business Assets - Machinery - Multiple Leased Equipment related to Cidery; value unknown, likely to be repossessed by the Lessor
secured creditorsnote: List B secured creditor #9. Estimated value of security 0.00; balance of claim (unsecured shortfall) 320,000.00 is also carried in List A - do not double-count. · page: 6 · as of: 2022-02-22 · amount: 320000 · debtor: Chatsworth Farm Ltd · creditor: Sassan Mahammadi Azad and Azar Ajdari Azad · currency: CAD · security: Real Property/Immovable - Building, Chatsworth, 23547 holland sydenham townline RR#4