Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors including creditors package.
Meeting materials · 22 April 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing28 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee
- commencement date15 April 2025
- court file no31-3212395
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Deficiency of $1,047,594.74 stated. Secured creditors totalled $1.00; unsecured creditors totalled $1,013,595.74; contingent/trust claims $34,000.00; preferred/priorities $0.00. · page: 3 · as at: 2025-04-15 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · scope: entity - 2588947 Ontario Inc. · currency: CAD · total assets: 2 · total liabilities: 1047596.74
- unsecured creditorsnote: Deemed trust class (HST) · page: 5 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: CRA - Tax - Ontario (Corporate taxes - HST) · currency: CAD
- unsecured creditorsnote: Deemed trust class · page: 5 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: CRA - Tax - Ontario (Sales taxes - Corporate tax) · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (bankrupt's director/officer who signed the Statement of Affairs) · page: 5 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 339336 · debtor: 2588947 Ontario Inc. · creditor: Bong Soo Ko · currency: CAD
- unsecured creditorsnote: Phone/internet · page: 5 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 200 · debtor: 2588947 Ontario Inc. · creditor: Bell Mobility c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Deemed trust class; $1.00 unsecured and $34,000.00 contingent/trust claim per table · page: 5 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 34001 · debtor: 2588947 Ontario Inc. · creditor: CRA - Tax - Ontario (Employee source deductions) · currency: CAD
- unsecured creditorsnote: Provincial tax; regulatory/tax class · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD
- unsecured creditorsnote: Owed rent, former landlord · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 128926 · debtor: 2588947 Ontario Inc. · creditor: Phase Three Properties Ltd. · currency: CAD
- unsecured creditorsnote: Shareholder loan; possible related party · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 339336 · debtor: 2588947 Ontario Inc. · creditor: Oi-Suk Kim · currency: CAD
- unsecured creditorsnote: Utility invoice · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 9847.93 · debtor: 2588947 Ontario Inc. · creditor: Enbridge Gas Distribution - Ontario · currency: CAD
- unsecured creditorsnote: Notice re lease · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: Esbin Property Management · currency: CAD
- unsecured creditorsnote: CEBA loan · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: Export Development Canada · currency: CAD
- unsecured creditorsnote: Notice re lease · page: 6 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: Harry J Hong / Hong and Associates · currency: CAD
- secured creditorsnote: Total claim $171,920.46, of which $1.00 stated as secured and $171,919.46 as unsecured on Statement of Affairs · page: 7 · as of: 2025-04-15 · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: RBC Royal Bank c/o Bankruptcy Highway.com · currency: CAD · security: Loan incurred 26-Mar-2021; secured portion $1.00, remainder ($171,919.46) listed as unsecured; asset securing liability referenced as item 501 (intangible assets)
- unsecured creditorsnote: Loan incurred 26-Mar-2021; total claim of $171,920.46 with $1.00 shown secured against asset (intangible asset item 501) · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 171919.46 · debtor: 2588947 Ontario Inc. · creditor: RBC Royal Bank c/o Bankruptcy Highway.com (Loan) · currency: CAD
- unsecured creditorsnote: VISA · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 7294 · debtor: 2588947 Ontario Inc. · creditor: RBC Royal Bank Visa c/o Bankruptcy Highway.com · currency: CAD
- unsecured creditorsnote: Seafood supplier · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 8379 · debtor: 2588947 Ontario Inc. · creditor: Seamax Trading LTD · currency: CAD
- unsecured creditorsnote: Overdraft · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 3000 · debtor: 2588947 Ontario Inc. · creditor: RBC Royal Bank c/o Bankruptcy Highway.com (Overdraft) · currency: CAD
- unsecured creditorsnote: Insurance · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1422.36 · debtor: 2588947 Ontario Inc. · creditor: Well Guard Insurance Brokers Ltd · currency: CAD
- unsecured creditorsnote: Food supplier · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 2833 · debtor: 2588947 Ontario Inc. · creditor: Wismettac Asian Foods · currency: CAD
- unsecured creditorsnote: WSIB; regulatory · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1 · debtor: 2588947 Ontario Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
- unsecured creditorsnote: Hydro · page: 7 · as of: 2025-04-15 · basis: Statement of Affairs as reported by bankrupt · amount: 1093.99 · debtor: 2588947 Ontario Inc. · creditor: Toronto Hydro-Electric Systems Limited · currency: CAD