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 filing12 verified
- court file no32-3423815
- provinceONTARIO
- secured creditorsnote: Listed as secured creditor on creditor mailing list; no amount stated · page: 3 · debtor: TCA Group of Companies Inc. · creditor: CIBC (Bankruptcies c/o FCT Default Solutions) · currency: CAD
- secured creditorsnote: Listed as secured creditor on creditor mailing list; individual, also identified as Director of the bankrupt corporation - related party; no amount stated · page: 3 · debtor: TCA Group of Companies Inc. · creditor: William H. Buck · currency: CAD
- secured creditorsnote: Listed as secured creditor on creditor mailing list; no amount stated · page: 3 · debtor: TCA Group of Companies Inc. · creditor: Bluestar Flagship Fund Limited Partnership · currency: CAD
- secured creditorsnote: Listed as secured creditor on creditor mailing list; no amount stated · page: 3 · debtor: TCA Group of Companies Inc. · creditor: C T Corporation System · currency: CAD
- appointeeMNP Ltd.
- appointee roletrustee
- commencement date15 September 2026
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Total assets $20,000,001.11 comprised almost entirely of intangible assets of $20,000,000.00; total liabilities $28,414,484.24 with deficiency (surplus negative) shown; Statement of Affairs notes an Amended Statement of Affairs will likely be provided prior to First Meeting of Creditors, indicating figures may change · page: 9 · as at: 2026-09-15 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · scope: Entity - TCA Group of Companies Inc. (bankrupt corporation) · currency: CAD · total assets: 20000001.11 · total liabilities: 28414484.24
- unsecured creditorsnote: Statement of Affairs itemizes categories including Accounts payable, Owed rent, Owed wages, Severance pay, Corporate taxes, Sales taxes, Employee source deductions, Litigation-legal costs and awards, Subordinated debenture, Bills of exchange, Promissory notes, Lien notes, Mortgages or hypothec, Chattel mortgages, General Security Agreement, Intercompany loans, Bank loans, Finance company loans, Shareholder loans, Shares and subscribed capital, Other claim or liability - totaling $17,313,373.25 across categories per page 13 table; the $10,191,422.72 figure appears as a liabilities subtotal per page 9 Statement of Affairs summary; document names no individual unsecured creditors beyond mailing list categories (Accounts payable & Accrued Liabilities, Customer Advances, Direct Wages, Shareholders) · page: 9 · as of: 2026-09-15 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor, category total for unsecured liabilities · amount: 10191422.72 · debtor: TCA Group of Companies Inc. · creditor: Unsecured creditors (aggregate as reported in Statement of Affairs) · currency: CAD