Ontario · Bankruptcy

Notice to Creditors

Notice to creditors · 31 March 2025

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing39 verified

appointeeSchwartz Levitsky Feldman Inc.
appointee roletrustee
commencement date31 March 2025
court file no32-3205425
proceeding typebia_bankruptcy
provinceOntario
statutory basissubsection 102(1) of the Act
financial positionnote: Statement of Affairs reports Secured creditors as $0.00 and Preferred creditors, securities, and priorities as $0.00; Unsecured creditors reported as $533,653.57; Total liabilities $533,653.57 against Total assets $0.00, yielding a stated deficiency of $533,653.57. · page: 2 · as at: 2025-03-31 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · scope: entity - VLS Group Inc. · currency: CAD · total assets: 0 · total liabilities: 533653.57
unsecured creditorsnote: Nature of liability: lawyer (Other) · page: 4 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3271.47 · debtor: VLS Group Inc. · creditor: Adam Altmid, Barrister & Solicitor · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 4 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 565 · debtor: VLS Group Inc. · creditor: Air Point Heating and Cooling · currency: CAD
unsecured creditorsnote: Nature of liability: utilities (Other) · page: 4 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1307.39 · debtor: VLS Group Inc. · creditor: Alectra Utilities (formerly Enersource Hydro) · currency: CAD
unsecured creditorsnote: Corporate taxes (HST); deemed trust class per CRA priority · page: 4 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 96566.28 · debtor: VLS Group Inc. · creditor: CRA - Tax - Ontario (HST) · currency: CAD
unsecured creditorsnote: Corporate taxes (Payroll source deductions); deemed trust class per CRA priority · page: 4 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 5410.53 · debtor: VLS Group Inc. · creditor: CRA - Tax - Ontario (Payroll) · currency: CAD
unsecured creditorsnote: Nature of liability: enbridge (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1077.16 · debtor: VLS Group Inc. · creditor: Enbridge · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1010.54 · debtor: VLS Group Inc. · creditor: EA Supply Inc. · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3425.5 · debtor: VLS Group Inc. · creditor: Electrical Safety Authority · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 18624.01 · debtor: VLS Group Inc. · creditor: Franklin Empire · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 22820.64 · debtor: VLS Group Inc. · creditor: Gerrie · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2948.37 · debtor: VLS Group Inc. · creditor: Graybar Canada · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 436.94 · debtor: VLS Group Inc. · creditor: IFM Efector · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 5 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 362.31 · debtor: VLS Group Inc. · creditor: ITM Instruments Inc. · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 223.4 · debtor: VLS Group Inc. · creditor: Mill Finish Industries Ltd · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 264.84 · debtor: VLS Group Inc. · creditor: Miele Enterprises · currency: CAD
unsecured creditorsnote: Nature of liability: Bank Loans except real property mortgage (loan); reported as unsecured with Secured column at $0.00 · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 293000 · debtor: VLS Group Inc. · creditor: RBC Royal Bank / Banque Royale · currency: CAD
unsecured creditorsnote: Nature of liability: Bank Loans except real property mortgage (loan); reported as unsecured with Secured column at $0.00 · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3685.4 · debtor: VLS Group Inc. · creditor: RBC Royal Bank / Banque Royale · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 850 · debtor: VLS Group Inc. · creditor: Province Electric Supply Ltd. · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 8136.05 · debtor: VLS Group Inc. · creditor: Noramco · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 885.61 · debtor: VLS Group Inc. · creditor: NEBS Business Products Ltd./Deluxe · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 6 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 13502.88 · debtor: VLS Group Inc. · creditor: Murrelektronik Inc. · currency: CAD
unsecured creditorsnote: Nature of liability: Bank Loans except real property mortgage (visa); reported as unsecured with Secured column at $0.00 · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 9907.48 · debtor: VLS Group Inc. · creditor: RBC Royal Bank Visa · currency: CAD
unsecured creditorsnote: Nature of liability: Bank Loans except real property mortgage (visa); reported as unsecured with Secured column at $0.00 · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 22999.95 · debtor: VLS Group Inc. · creditor: RBC Royal Bank Visa · currency: CAD
unsecured creditorsnote: Nature of liability: Bank Loans except real property mortgage (visa); reported as unsecured with Secured column at $0.00 · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2773.01 · debtor: VLS Group Inc. · creditor: RBC Royal Bank Visa · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 328.94 · debtor: VLS Group Inc. · creditor: RS Americas Canada Inc. · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1046.21 · debtor: VLS Group Inc. · creditor: SEL Schweitzer Laboratories Inc. · currency: CAD
unsecured creditorsnote: Nature of liability: employment (Other) · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1121.53 · debtor: VLS Group Inc. · creditor: Sherrard Kuzz LLP - Employment & Labour Lawyers · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 7 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 6500 · debtor: VLS Group Inc. · creditor: Siemens Canada Limited · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 8 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 121.39 · debtor: VLS Group Inc. · creditor: WHITE CAP · currency: CAD
unsecured creditorsnote: Nature of liability: supplier (Other) · page: 8 · as of: 2025-03-31 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 10480.74 · debtor: VLS Group Inc. · creditor: UL - Underwriters Laboratories of Canada Inc. · currency: CAD
secured creditors