Ontario · Bankruptcy
Notice of Bankruptcy - Notice to Creditors-2456657 Ontario Ltd., c.o.b. as The Hardwood Outlet & Design and Windsor Hardwood Outlet
Notice to creditors · 27 November 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 filing18 verified
- financial positionnote: Deficiency of $334,727.07 reported; unsecured creditors line item totals $334,727.07; secured creditors totals $117,847.99 (per SOA claim breakdown, secured column); preferred creditors $0.00; contingent/trust claims $0.00 · page: 2 · as at: 2024-11-18 · basis: totals from the list of assets/liabilities as stated and estimated by bankrupt/debtor (Statement of Affairs) · scope: entity - 2456657 Ontario Ltd. · currency: CAD · total assets: 117847.99 · total liabilities: 452575.06
- secured creditorsnote: Claim bifurcated: secured portion $72,602.26 against estimated realizable security value, unsecured shortfall $183,274.62 (estimated deficiency from security -183,274.62) · page: 4 · as of: 2024-11-18 · amount: 255876.88 · debtor: 2456657 Ontario Ltd. · creditor: TD Canada Trust (c/o FCT Default Solutions) · currency: CAD · security: CDAP Loan, dated 2024-06-10; secured over inventory and accounts receivable (assets 1301, 1101)
- unsecured creditorsnote: CEBA Loan; classified as bank loan (unsecured) · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 56205.08 · debtor: 2456657 Ontario Ltd. · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorsnote: Unsecured shortfall portion of CDAP Loan after security valuation; same creditor also holds secured claim of $72,602.26 (see secured_creditors) · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 183274.62 · debtor: 2456657 Ontario Ltd. · creditor: TD Canada Trust (c/o FCT Default Solutions) · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 4079.21 · debtor: 2456657 Ontario Ltd. · creditor: Distributions BMB Distributions (1985) S.E.C. · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 59291.54 · debtor: 2456657 Ontario Ltd. · creditor: Dragona Flooring Supplies · currency: CAD
- unsecured creditorsnote: Vendor claim; US-based creditor, amount as reported in SOA (converted to CAD per form instructions) · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 32.77 · debtor: 2456657 Ontario Ltd. · creditor: Engineered Floors, LLC · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 6803 · debtor: 2456657 Ontario Ltd. · creditor: Golden Choice · currency: CAD
- unsecured creditorsnote: Corporate tax; listed with $0.00 claim amount · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 0 · debtor: 2456657 Ontario Ltd. · creditor: CRA - Tax - Ontario · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 4 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2380.67 · debtor: 2456657 Ontario Ltd. · creditor: MSI Stone, ULC · currency: CAD
- secured creditorsnote: Fully secured; estimated surplus/deficit from security is 0.00 · page: 5 · as of: 2024-11-18 · amount: 1 · debtor: 2456657 Ontario Ltd. · creditor: Toyota Industries Commercial Finance Canada, Inc. (formerly LiftCapital Corporation) · currency: CAD · security: Equipment loan dated 2020-11-13; secured over machinery/equipment (asset 1102)
- secured creditorsnote: Fully secured; estimated surplus/deficit from security is 0.00 · page: 5 · as of: 2024-11-18 · amount: 45244.73 · debtor: 2456657 Ontario Ltd. · creditor: RBC Royal Bank / Banque Royale · currency: CAD · security: Vehicle loan - security over 2024 GMC Terrain (asset no. 801)
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2463.47 · debtor: 2456657 Ontario Ltd. · creditor: Olympia Tile & Stone · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 8561.28 · debtor: 2456657 Ontario Ltd. · creditor: Prosol Inc. · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1429.71 · debtor: 2456657 Ontario Ltd. · creditor: Purelux Canada Floors Inc. · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2328.04 · debtor: 2456657 Ontario Ltd. · creditor: The Rosedale Group · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 6308.37 · debtor: 2456657 Ontario Ltd. · creditor: Magic Reno Inc. · currency: CAD
- unsecured creditorsnote: Vendor claim · page: 5 · as of: 2024-11-18 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1569.31 · debtor: 2456657 Ontario Ltd. · creditor: Neshada Tile & Stone Inc · currency: CAD