Ontario · Bankruptcy
Affidavit of Mailing - 14111231 Canada Inc.
Affidavit · 24 September 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing9 verified
- financial positionnote: Form 78 stated date of bankruptcy as 9 Sep 2026 in the Form 68 and cover letter, while the Form 78 text refers to 16 Sep 2026. Total assets $1.00 (cash on hand placeholder); liabilities: secured $1.00, preferred $0.00, unsecured $1,075,341.93, contingent $0.00, total $1,075,342.93; stated deficiency -$1,075,341.93. Reason for financial difficulty: lack of working capital/funding; bankruptcy order issued. Form 78 header shows estate/court no. 31-460737 vs 31-3426762 elsewhere. · page: 9 · as at: 2026-09-09 · basis: Statement of Affairs (Form 78) sworn by Khalid Syed (director) on 16 Sep 2026, as estimated by the bankrupt; not audited. Trustee letter notes that based on its review it is unlikely there will be any distribution to creditors. · scope: 14111231 Canada Inc. (single entity, bankrupt corporation) · currency: CAD · total assets: 1 · total liabilities: 1075342.93
- secured creditorsnote: Statement of Affairs lists Popeyes Franchisor (Miami FL, USA), nature 'Franchisor', with a $1.00 secured-column placeholder amount (total claim $1.00); no security or real amount stated. Reported nominal figure only. · page: 11 · debtor: 14111231 Canada Inc. · creditor: Popeyes Franchisor · currency: CAD
- secured creditorsnote: Amount is the total claim as stated in the Statement of Affairs (Form 78), nature 'Secured', date given/incurred 01-Jan-2025. Of this, only $1.00 is classified secured and $910,469.54 unsecured per the form. As reported by the debtor; not a proven claim. · page: 11 · as of: 2025-01-01 · amount: 910470.54 · debtor: 14111231 Canada Inc. · creditor: National Bank of Canada c/o Dickinson Wright LLP (Attn: Talya R. Bertler) · currency: CAD · security: Statement of Affairs lists the security as asset no. 101 (cash on hand/in bank, valued at $1.00); the Form 78 is internally inconsistent: it shows $1.00 as the secured portion and $910,469.54 as the unsecured portion of the $910,470.54 total claim (shortfall -910,469.54 from security).
- unsecured creditorsnote: Listed in the unsecured column, nature 'Other', no priority ground stated on the form; GST/HST amounts may carry deemed-trust (Crown) status — the form does not claim it. Not a proof of claim. · page: 11 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 92608.74 · debtor: 14111231 Canada Inc. · creditor: CRA - GST/HST (Jonquiere), Quebec Insolvency Intake Centre - account 721869105 RT0001 · currency: CAD
- unsecured creditorsnote: Listed in the unsecured column, nature 'Other', date given/incurred 01-Jan-2025; no priority ground stated; payroll-type (RP) account number. Not a proof of claim. · page: 11 · as of: 2025-01-01 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 5762.65 · debtor: 14111231 Canada Inc. · creditor: CRA - GST/HST (Jonquiere), Quebec Insolvency Intake Centre - account 721869105 RP0001 · currency: CAD
- unsecured creditorsnote: Details field 'AP' (accounts payable); regulatory/government creditor. Not a proof of claim. · page: 11 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 11500 · debtor: 14111231 Canada Inc. · creditor: Ministry of Labour · currency: CAD
- unsecured creditorsnote: Details field 'Loan'; relationship to the debtor (e.g. related party/director) is not stated on these pages. Not a proof of claim. · page: 11 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 55000 · debtor: 14111231 Canada Inc. · creditor: Muhammad Amjad · currency: CAD
- unsecured creditorsnote: Nominal $1.00 placeholder entered in the secured column; nature 'Franchisor'; actual amount owed to the franchisor not stated. · page: 11 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 1 · debtor: 14111231 Canada Inc. · creditor: Popeyes Franchisor · currency: CAD
- unsecured creditorsnote: Unsecured column of the claim listed as 'Secured' nature; total claim $910,470.54 with $1.00 in secured column. Same debt as secured entry. · page: 11 · as of: 2025-01-01 · basis: Statement of Affairs (Form 78) as reported by the debtor · amount: 910469.54 · debtor: 14111231 Canada Inc. · creditor: National Bank of Canada c/o Dickinson Wright LLP · currency: CAD