Ontario · Bankruptcy

Statement of Affairs

Statement of affairs · 5 January 2024

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commencement date5 January 2024
financial positionnote: Total unsecured creditors 4,446,358.09 (unsecured 3,180,428.72 + secured balance of claim 1,265,929.37); secured creditors 200,002.00 per Statement of Affairs summary; deficiency stated as 4,446,358.09 · page: 1 · as at: 2024-01-05 · basis: Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · scope: 1681676 Ontario Inc. carrying on business as Artex Fashions (single entity) · currency: CAD · total assets: 200002 · total liabilities: 4646360.09
provinceOntario
unsecured creditorsnote: Same creditor also listed separately as secured on List B · page: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 581.16 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Diana Tersigni · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 4552.8 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Don Brody · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 851.56 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Enbridge Gas · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 23153.32 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Fabtrends Int'l Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2505.22 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: First Talent International Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 10642.44 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Freeman Fashion Agencies · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 44696.77 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: 11679554 Canada Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 119648.3 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: 2647622 Ontario Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 58998.93 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: 4272196 Canada Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 14997.42 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: 7876734 Canada Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 20789.61 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: 9168-3151 Quebec Inc. · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 4101.16 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Alan Heller · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 30000 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: AMEX Bank of Canada · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 273.95 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Bell Canada (4167801979(888)) · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 21.23 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Bell Canada (4167801979WAT144) · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 452 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Billy Sewing Machine Company · currency: CAD
unsecured creditorsnote: Deemed trust/CRA class · page: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorsnote: Same creditor also listed as secured on List B; this figure is the balance of claim/unsecured portion · page: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors (balance of claim, unsecured portion) · amount: 266921.36 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Business Development Bank of Canada - Mississauga · currency: CAD
unsecured creditorspage: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 594.38 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Cutting Tex Inc. · currency: CAD
unsecured creditorsnote: Same creditor also listed as secured on List B · page: 2 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors (balance of claim) · amount: 1 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc.) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3385.43 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Kingzip · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 31772.61 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Moriex Tex International Inc. · currency: CAD
unsecured creditorsnote: Order/Notice# 0028745-OP001-OP; regulatory/provincial quasi-debt · page: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6268.42 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Ministry of Finance · currency: CAD
unsecured creditorsnote: Same creditor also listed as secured on List B · page: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors (balance of claim) · amount: 444584.2 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 83886.05 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: May Fashion · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1313.52 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Mammone Disposal System Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2645 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Mai Phan · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 13776.02 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Les Textiles Emmis Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 17119.54 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Leonard Shockey · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2179.41 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: G & S Enterprise Moving & Delivery · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7233.41 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: GO LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2559.45 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Groupe Gilco Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 15266.81 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Hand Key Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 60000 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: HSBC Bank Canada (CEBA Loan) · currency: CAD
unsecured creditorsnote: Same creditor also listed as secured on List B for the secured portion · page: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors (balance of claim) · amount: 507787.34 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: HSBC Bank Canada (Line of Credit) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 528.28 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Interpad Manufacturing Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7572.54 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Inxpress Canada · currency: CAD
unsecured creditorsnote: Related party: Jeffrey Gortler is the officer/director who swore this Statement of Affairs · page: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2403687 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Jeffrey Gortler (Shareholder Loan) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1953.38 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Kevin Quan · currency: CAD
unsecured creditorspage: 3 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3500 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Koca Trading Company Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 17072.2 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: The Ordel Group Agency · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 729.12 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Staples Professional · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1632.6 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Sue Paymer/ Mike Paymer · currency: CAD
unsecured creditorsnote: Same creditor also listed separately as secured on List B · page: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 530.01 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Svetlana Gutman · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 23676.97 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Telio & Cie · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 4492.88 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Terpac Plastics Int'l Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1518.78 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: The Button Group Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 277.34 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Toronto Hydro-Electric Systems Limited (3153980000) · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2636.26 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Toronto Hydro-Electric Systems Limited (5730668352) · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7881.43 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: ULINE Canada Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3271.71 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: UPS Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 83151 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Ural Link Ltd carrying on as 2M7 Financial Solutions · currency: CAD
unsecured creditorsnote: Same creditor also listed as secured on List B · page: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors (balance of claim) · amount: 46635.47 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Vault Credit Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5060.4 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Original Standard Button · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 209.66 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Quench Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1907.12 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Ray Jessome · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 19309.96 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Revolution Textiles Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 101.69 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Rogers · currency: CAD
unsecured creditorspage: 4 · as of: 2024-01-05 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5461.47 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Sandy Wallace · currency: CAD
secured creditorspage: 5 · as of: 2023-12-27 · amount: 1545.9 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Ana Palhinha · currency: CAD · security: Debts Due - Business - Various
secured creditorsnote: Balance of claim shown as nil; amount of claim equals estimated value of security · page: 5 · as of: 2023-12-27 · amount: 2000 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Svetlana Gutman · currency: CAD · security: Debts Due - Business - Various
secured creditorsnote: Estimated value of security shown as 0.00; balance of claim is the stated total · page: 5 · as of: 2020-01-20 · amount: 444584.2 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD · security: Debts Due - Business - Various
secured creditorspage: 5 · as of: 2023-12-27 · amount: 1436.43 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Kennedy Clare Turner · currency: CAD · security: Debts Due - Business - Various
secured creditorsnote: Amount of claim stated as 696,997.00; balance of claim after security value is 507,787.34 · page: 5 · as of: 2018-01-17 · amount: 507787.34 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: HSBC Bank Canada (Line of Credit) · currency: CAD · security: Business Assets - Stock in Trade/Inventory; Business Assets - Machinery, Property and Equipment; Debts Due - Business - Various
secured creditorsnote: Balance of claim shown as nil; amount of claim equals estimated value of security · page: 5 · as of: 2023-12-27 · amount: 2000 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Diana Tersigni · currency: CAD · security: Debts Due - Business - Various
secured creditorspage: 5 · as of: 2019-12-10 · amount: 1 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: CWB National Leasing Inc. (formerly National Leasing Group Inc.) · currency: CAD · security: Debts Due - Business - Various
secured creditorsnote: Estimated value of security shown as 0.00 for each component; balance of claim is the stated total · page: 5 · as of: 2018-12-17 · amount: 266921.36 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Business Development Bank of Canada - Mississauga · currency: CAD · security: Business Assets - Stock in Trade/Inventory; Business Assets - Machinery, Property and Equipment; Debts Due - Business - Various
secured creditorsnote: Balance of claim shown as blank/nil on list; amount of claim equals estimated value of security · page: 5 · as of: 2023-12-27 · amount: 1507.85 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Aida Pereira · currency: CAD · security: Debts Due - Business - Various
secured creditorspage: 5 · as of: 2023-12-27 · amount: 909.79 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Antonio Gravito · currency: CAD · security: Debts Due - Business - Various
secured creditorspage: 5 · as of: 2023-12-27 · amount: 1392.37 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Angela Rayle · currency: CAD · security: Debts Due - Business - Various
secured creditorsnote: Estimated value of security shown as 0.00; balance of claim is the stated total · page: 6 · as of: 2023-02-27 · amount: 46635.47 · debtor: 1681676 Ontario Inc. o/a Artex Fashions · creditor: Vault Credit Corporation · currency: CAD · security: Debts Due - Business - Various