Ontario · Bankruptcy
Statement of Affairs
Statement of affairs · 29 December 2023
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 filing20 verified
- financial positionnote: Total unsecured creditors 1,247,434.04 (per list A total claim column, which already includes balance of secured claim); secured creditors 29,327.31 (estimated value of security per list B) with balance of claim 43,365.63; preferred creditors 3,012.75; contingent/trust/other liabilities nil; resulting deficiency of 1,247,434.04 · page: 1 · as at: 2023-12-29 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer, Edward Wensing · scope: entity - 2508619 Ontario Inc. · currency: CAD · total assets: 32340.06 · total liabilities: 1279774.1
- unsecured creditorsnote: Termination Pay; individual claimant · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 1 · debtor: 2508619 Ontario Inc. · creditor: Grantham Alex · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 791 · debtor: 2508619 Ontario Inc. · creditor: Krystal Clear Cleaning · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 11356.5 · debtor: 2508619 Ontario Inc. · creditor: Michael & Associates · currency: CAD
- unsecured creditorsnote: Head tenant - 410 Adelaide · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 356818.88 · debtor: 2508619 Ontario Inc. · creditor: PowerPlan Canada · currency: CAD
- unsecured creditorsnote: Individual creditors, possibly related to Edward Wensing (officer of the bankrupt) given shared surname · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 262000 · debtor: 2508619 Ontario Inc. · creditor: Siegfried & Marcela Wensing · currency: CAD
- unsecured creditorsnote: Account 7008899-01 · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 60000 · debtor: 2508619 Ontario Inc. · creditor: TD Canada Trust · currency: CAD
- unsecured creditorsnote: Total claim column includes unsecured claim 320,000.00 plus balance of secured claim 43,365.63 · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 363365.63 · debtor: 2508619 Ontario Inc. · creditor: 133 Queen Investment Inc. · currency: CAD
- unsecured creditorsnote: Landlord - 32 Britain · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 139750.21 · debtor: 2508619 Ontario Inc. · creditor: 2017939 Ontario Inc. · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 3860.12 · debtor: 2508619 Ontario Inc. · creditor: Beanfield · currency: CAD
- unsecured creditorsnote: Attn: Recovery/Collections Department · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 1 · debtor: 2508619 Ontario Inc. · creditor: Elavon · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 407.35 · debtor: 2508619 Ontario Inc. · creditor: Enbridge Gas Distribution - Ontario (91 00 22 42855 4) · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 200.5 · debtor: 2508619 Ontario Inc. · creditor: Enbridge Gas Distribution - Ontario (91 00 23 38329 0) · currency: CAD
- unsecured creditorspage: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 2107.35 · debtor: 2508619 Ontario Inc. · creditor: Enbridge Gas Distribution - Ontario (91 00 24 58281 0) · currency: CAD
- unsecured creditorsnote: Landlord - 410 Adelaide; also appears separately as a preferred creditor for rent (List C) of 1,401.50 · page: 2 · as of: 2023-12-29 · basis: List "A" Unsecured Creditors as stated and estimated by the officer · amount: 46774.5 · debtor: 2508619 Ontario Inc. · creditor: Howjay Ltd. · currency: CAD
- secured creditorsnote: Related party: Edward Wensing is the bankrupt's officer/deponent of this Statement of Affairs; amount of claim 1,418.77, balance of claim nil per table · page: 3 · as of: 2019-04-29 · amount: 1418.77 · debtor: 2508619 Ontario Inc. · creditor: Edward Wensing · currency: CAD · security: Taxes - GST/HST - 2023; Cash on Hand - Cash in Bank - 1195 5008899 - TD
- secured creditorsnote: Deemed trust / statutory Crown claim (GST/HST); estimated surplus from security 1,611.25 and 1,401.50 recorded against furniture; balance of claim nil per table · page: 3 · as of: 2023-12-28 · amount: 6274.17 · debtor: 2508619 Ontario Inc. · creditor: CRA - Tax - Ontario · currency: CAD · security: Taxes - GST/HST - 2023; Furniture - office equipment and furniture at 32 Britain Office and 410 Adelaide Office; Cash on Hand - Cash in Bank - 1195 5008899 - TD
- secured creditorsnote: Estimated value of security 17,962.56 and 3,671.81; balance of claim after security 43,365.63 · page: 3 · as of: 2023-12-29 · amount: 43365.63 · debtor: 2508619 Ontario Inc. · creditor: 133 Queen Investment Inc. · currency: CAD · security: Cash on Hand - Cash in Bank - 1195 5008899 - TD; Taxes - GST/HST - 2023; amount of claim 65,000.00; security given 27-Feb-2020
- unsecured creditorsnote: Preferred claim; landlord - 32 Britain; amount payable in full 4,815.00 with difference ranking for dividend 0.00 · page: 4 · as of: 2023-12-29 · basis: List "C" Preferred Creditors for Wages, Rent, etc. as stated and estimated by the officer · amount: 1611.25 · debtor: 2508619 Ontario Inc. · creditor: 2017939 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Preferred claim; landlord - 410 Adelaide; amount payable in full 0.00, difference ranking for dividend 1,401.50 · page: 4 · as of: 2023-12-29 · basis: List "C" Preferred Creditors for Wages, Rent, etc. as stated and estimated by the officer · amount: 1401.5 · debtor: 2508619 Ontario Inc. · creditor: Howjay Ltd. · currency: CAD