Ontario · Bankruptcy
Notice of Bankruptcy & First Meeting of Creditors
Notice to creditors · 31 October 2018
What we verified from this filing6 verified
- financial positionnote: Deficiency (liabilities exceeding assets) stated as $550,002.00; all asset categories listed as $0.00. · page: 7 · as at: 2018-10-23 · basis: Draft (unsigned/unsworn by bankrupt's own designated officer) Statement of Affairs, sworn by designated person Tim Chang; trustee noted it had not received a signed Statement of Affairs and provided this draft instead · scope: Entity-level: Accountable Solutions Accounting Professional Corporation · currency: CAD · total assets: 0 · total liabilities: 550002
- unsecured creditorsnote: Same creditor also appears in List B as a secured creditor with security valued at $0.00; unsecured claim column shows $0.00 and balance of claim (secured) column shows $550,000.00, combined into this Total claim figure. · page: 8 · as of: 2018-10-23 · basis: Statement of Affairs (draft), List 'A' Unsecured Creditors - 'Total claim' column · amount: 550000 · debtor: Accountable Solutions Accounting Professional Corporation · creditor: Bank of Montreal · currency: CAD
- unsecured creditorsnote: Listed solely as unsecured; not designated as deemed-trust or preferred in the document. · page: 8 · as of: 2018-10-23 · basis: Statement of Affairs (draft), List 'A' Unsecured Creditors - 'Total claim' column · amount: 1 · debtor: Accountable Solutions Accounting Professional Corporation · creditor: CRA - Tax - Ontario RT/RP/RC · currency: CAD
- unsecured creditorsnote: Same individual also appears in List B as a secured creditor with security valued at $0.00; unsecured claim column shows $0.00 and balance of claim (secured) column shows $1.00, combined into this Total claim figure. · page: 8 · as of: 2018-10-23 · basis: Statement of Affairs (draft), List 'A' Unsecured Creditors - 'Total claim' column · amount: 1 · debtor: Accountable Solutions Accounting Professional Corporation · creditor: Melody Rader · currency: CAD
- secured creditorsnote: Claim bifurcated: security valued at nil, so the full balance of this secured claim is also carried into the 'Total unsecured creditors' figure via List A. Statement of Affairs is a DRAFT, sworn by designated person Tim Chang, not the bankrupt's own signed statement. · page: 9 · as of: 2018-10-23 · amount: 550000 · debtor: Accountable Solutions Accounting Professional Corporation · creditor: Bank of Montreal · currency: CAD · security: Particulars of security not specified in List B; estimated value of security stated as $0.00
- secured creditorsnote: Individual creditor (personal name); possible related party. Claim bifurcated: security valued at nil, balance also carried into List A as unsecured total claim. Statement of Affairs is a DRAFT. · page: 9 · as of: 2018-10-23 · amount: 1 · debtor: Accountable Solutions Accounting Professional Corporation · creditor: Melody Rader · currency: CAD · security: Particulars of security not specified in List B; estimated value of security stated as $0.00