British Columbia · Bankruptcy
Creditors' Package dated July 5, 2024
Notice to creditors · 5 July 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing20 verified · 2 withheld
- court file no11-3100592
- financial positionnote: Date of bankruptcy July 4, 2024. Total unsecured creditors $999,494.16 (List A unsecured $197,674.59 + balance of secured claims per List B $801,819.57); secured creditors per List B $260,812.45; preferred creditors per List C $0.00; contingent per List D $0.00. Deficiency $999,494.16; surplus NIL. · page: 4 · as at: 2024-07-04 · basis: Statement of Affairs (Form 78, business bankruptcy) as stated and estimated by the officer, sworn · scope: Commit Solutions Inc. (single entity) · currency: CAD · total assets: 260812.45 · total liabilities: 1260306.61
- unsecured creditorspage: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 2962.11 · debtor: Commit Solutions Inc. · creditor: PayScale · currency: CAD
- unsecured creditorsnote: CRA account 721966315 RT0001 (GST/HST); deemed-trust class; nominal $1.00 placeholder amount as stated · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Attn: Ola Asaju · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 6559.88 · debtor: Commit Solutions Inc. · creditor: MNP LLP · currency: CAD
- unsecured creditorsnote: CEBA Loan; List A balance-of-claim row — unsecured balance of secured CEBA claim (List B no. 1); security value nil so entire $40,000 ranks unsecured · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 40000 · debtor: Commit Solutions Inc. · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorsnote: Long Term Debt; List A balance-of-claim row — unsecured shortfall of secured Long Term Debt (List B no. 2, gross $1,022,632.02, security value $260,812.45) · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 761819.57 · debtor: Commit Solutions Inc. · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 14247.86 · debtor: Commit Solutions Inc. · creditor: Senders.co · currency: CAD
- unsecured creditorsnote: workers' compensation; nominal $1.00 placeholder amount as stated · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: WorksafeBC · currency: CAD
- unsecured creditorsnote: Attn: Dave Frey (Whistler BC) · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 952 · debtor: Commit Solutions Inc. · creditor: 2338701 Ontario Inc · currency: CAD
- unsecured creditorsnote: nominal $1.00 placeholder amount as stated · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: American Express Credit Card · currency: CAD
- unsecured creditorsnote: individual creditor (Andrew Mills) · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 8967.74 · debtor: Commit Solutions Inc. · creditor: Andrew Mills · currency: CAD
- unsecured creditorsnote: CRA account 721966315 RP0001 (payroll source deductions); deemed-trust class; nominal $1.00 placeholder amount as stated · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Attn: Nancy Thakur (India) · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1800 · debtor: Commit Solutions Inc. · creditor: Davyas Consultancy · currency: CAD
- unsecured creditorsnote: listed as 'EMPLOYEES' (BC); nominal $1.00 placeholder amount as stated; List C preferred creditors nil · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: EMPLOYEES · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 13650 · debtor: Commit Solutions Inc. · creditor: HubTree Talent · currency: CAD
- unsecured creditorsnote: creditor named 'Linkedin USD', address Chicago IL USA; figure recorded within the SOA's CAD total · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 148529 · debtor: Commit Solutions Inc. · creditor: Linkedin USD · currency: CAD
- unsecured creditorsnote: account 721966315 - PST & EHT; provincial deemed-trust/quasi-government class; nominal $1.00 placeholder amount as stated · page: 5 · as of: 2024-07-04 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1 · debtor: Commit Solutions Inc. · creditor: Ministry of Finance & Corp. · currency: CAD
- secured creditorsnote: List B secured creditor no. 1; security valued at nil so the entire $40,000.00 ranks unsecured (balance of claim, also carried in List A). · page: 6 · as of: 2024-07-04 · amount: 40000 · debtor: Commit Solutions Inc. · creditor: Royal Bank of Canada · currency: CAD · security: CEBA Loan; general security over cash on hand (RBC business account), accounts receivable, investments (Bocar's firm; Planworth), SRED claim estimate; estimated value of security $0.00
- secured creditorsnote: List B secured creditor no. 2; claim bifurcated by security value — $260,812.45 secured, $761,819.57 ranks unsecured (balance of claim, also carried in List A). · page: 6 · as of: 2024-07-04 · amount: 1022632.02 · debtor: Commit Solutions Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Long Term Debt; security over SRED claim estimate $153,000.00, accounts receivable $106,160.22, cash on hand (RBC business account) $1,650.23, investments (Bocar's firm) $1.00, investments (Planworth) $1.00; estimated value of security $260,812.45
2 extracted values are 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.