Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 5 October 2026
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 filing8 verified
- secured creditorsnote: Total outstanding secured debt as stated by the Trustee. Components stated: $1,187,458 (14111168 Canada Inc. o/a Popeyes Bloor St.), $650,368 (14234332 Canada Inc. o/a Popeyes St. Clair), $910,470 (14111231 Canada Inc. o/a Popeyes Eglinton St.), $691,421 (14104072 Canada Inc. o/a Popeyes Queen St.). Statement of Affairs secured figures differ: $783,789.41 (St. Clair), $916,233.19 (Eglinton), $712,557.04 (Queen St.), $1,232,492.59 (Bloor St.); Statement of Affairs secured amounts are not attributed to a named creditor and carry no stated date. NBC also guaranteed the Trustee's fees up to $15,000 per company ($60,000 total). NBC applied May 19, 2026 to have the Companies adjudged bankrupt. No recoverable assets. · page: 1 · as of: 2026-05-13 · amount: 3439719 · debtor: 14111168 Canada Inc., 14234332 Canada Inc., 14111231 Canada Inc., 14104072 Canada Inc. (aggregate) · creditor: National Bank of Canada · currency: CAD · security: PPSA registration September 8, 2022 over inventory, equipment, accounts, motor vehicle and other (all four companies)
- secured creditorsnote: Amount not stated. Registered against three of the four companies (not 14111231 Canada Inc. o/a Eglinton). · page: 2 · debtor: 14234332 Canada Inc. (St. Clair), 14104072 Canada Inc. (Queen St.), 14111168 Canada Inc. (Bloor St.) · creditor: Ministry of Finance (Ontario) · currency: CAD · security: PPSA registration April 23, 2024 over inventory, equipment, accounts, and other
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim proven and filed to October 5, 2026: Nil. · page: 3 · basis: Per Statement of Affairs · amount: 106769.96 · debtor: 14104072 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) – 14104072 Canada Inc. o/a Popeyes Queen St. · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim proven and filed to October 5, 2026: Nil. · page: 3 · basis: Per Statement of Affairs · amount: 231522.45 · debtor: 14111168 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) – 14111168 Canada Inc. o/a Popeyes Bloor St. · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim proven and filed to October 5, 2026: Nil. · page: 3 · basis: Per Statement of Affairs · amount: 84057.74 · debtor: 14234332 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) – 14234332 Canada Inc. o/a Popeyes St. Clair · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim proven and filed to October 5, 2026: Nil. · page: 3 · basis: Per Statement of Affairs · amount: 159109.74 · debtor: 14111231 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) – 14111231 Canada Inc. o/a Popeyes Eglinton · currency: CAD
- financial positionnote: Assets: the report states 'the Companies have no assets currently as of Date of Bankruptcy' (Date of Bankruptcy is September 9, 2026). Liabilities per Statement of Affairs (not summed): 14234332 Canada Inc. total 867,847.15 (secured 783,789.41, unsecured 84,057.74); 14111231 Canada Inc. total 1,075,342.93 (secured 916,233.19, unsecured 159,109.74); 14104072 Canada Inc. total 819,327.00 (secured 712,557.04, unsecured 106,769.96); 14111168 Canada Inc. total 1,464,015.04 (secured 1,232,492.59, unsecured 231,522.45). · as at: 2026-09-09 · basis: Trustee's preliminary report prepared from the Companies' available books and records and discussions with management; not reviewed or audited by the Trustee. Liabilities per Statements of Affairs. · scope: Four separate bankrupt entities (14104072 Canada Inc., 14111231 Canada Inc., 14111168 Canada Inc., 14234332 Canada Inc.), reported entity by entity, not consolidated. · currency: CAD
- recovery outcomeentries: basis: estimated · quote: it is unlikely that there will be a distribution to any creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-10-05 · table missing: