Ontario · Bankruptcy
245 Notice and Statement
Notice of receiver (s. 245 / Form 87) · 6 August 2024
Also filed as: 245 Notice and Statement
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified · 1 withheld
- appointeeMNP Ltd.
- appointee rolereceiver
- financial positionnote: The Receiver describes the property as “Cash on hand - $25,250”. No liabilities total is stated: secured claims are $365,000 (TD Bank) plus one “unknown”, and the unsecured list is stated as unknown throughout. · page: 1 · basis: Property of the insolvent person described by the Receiver under s.245(1) BIA. · scope: 1400533 Ontario Inc. — property subject to the Receiver's appointment (cash on hand only), not a balance sheet of the Company · currency: CAD · total assets: 25250
- secured creditorsnote: Stated as the estimated amount owed to a creditor holding security on the property; no valuation date is tied to it. · page: 1 · amount: 365000 · debtor: 1400533 Ontario Inc. · creditor: Toronto Dominion Bank · currency: CAD · security: General Security Agreement held by the Toronto Dominion Bank; the Receiver was appointed pursuant to it.
- secured creditorsnote: Amount stated as “unknown” — not a zero. The same party is also listed on the attached Creditor List under “Unsecured claim”, likewise unknown; both capacities are recorded as the document states them. · page: 1 · debtor: 1400533 Ontario Inc. · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD · security: Listed by the Receiver among creditors holding security on the property described in the notice.
- statutory basisSubsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
- unsecured creditorsnote: Amount stated as “unknown”. Also listed at p.1 as a creditor holding security on the property. · page: 3 · basis: Schedule/Creditor List attached to the Notice and Statement of Receiver under ss.245 & 246(1) BIA — “The list of other creditors of the insolvent person and the amount owed to each creditor”, as identified by the Receiver. · debtor: 1400533 Ontario Inc. · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD
- unsecured creditorsnote: Amount stated as “unknown” — not a zero. Crown claim (deemed-trust class where applicable). · page: 3 · basis: Schedule/Creditor List attached to the Notice and Statement of Receiver under ss.245 & 246(1) BIA — “The list of other creditors of the insolvent person and the amount owed to each creditor”, as identified by the Receiver. · debtor: 1400533 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.