Ontario · Bankruptcy
Notice of Bankruptcy and First Meeting of Creditors
Notice to creditors · 3 December 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing19 verified
- financial positionnote: Deficiency of $851,927.66; liabilities comprise secured creditors $25,700.00, preferred creditors/securities/priorities $70,021.20, unsecured creditors $781,906.46, contingent/trust claims $0.00 · page: 2 · as at: 2024-11-26 · basis: Statement of Affairs (Corporate Bankruptcy) as stated and estimated by bankrupt/debtor · scope: Entity - RCLUB Enterprises Inc. · currency: CAD · total assets: 25700 · total liabilities: 877627.66
- secured creditorsnote: Bank loan except real property mortgage; date given/incurred 06-Nov-2024 · page: 4 · as of: 2024-11-26 · amount: 3019.01 · debtor: RCLUB Enterprises Inc. · creditor: RBC · currency: CAD · security: Chequing account; asset securing liability: furniture (201), trade fixtures (1102), machinery/equipment (1101)
- secured creditorsnote: Total amount of claim $40,000.00 (secured $22,680.99 / unsecured $17,319.01); date given/incurred 06-Nov-2024 · page: 4 · as of: 2024-11-26 · amount: 22680.99 · debtor: RCLUB Enterprises Inc. · creditor: RBC · currency: CAD · security: Line of Credit; asset securing liability: furniture (201), trade fixtures (1102), machinery/equipment (1101)
- unsecured creditorsnote: Bank loan except real property mortgage - CEBA · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 60225.71 · debtor: RCLUB Enterprises Inc. · creditor: RBC (CEBA loan) · currency: CAD
- unsecured creditorsnote: Credit card processing · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 6500 · debtor: RCLUB Enterprises Inc. · creditor: Stripe · currency: CAD
- unsecured creditorsnote: Past due HST & 2024 federal/provincial/municipal taxes; deemed trust class · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 94753.38 · debtor: RCLUB Enterprises Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: CDAP Loan - Bank loans except real property mortgage · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 41500 · debtor: RCLUB Enterprises Inc. · creditor: BDC · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 51903.91 · debtor: RCLUB Enterprises Inc. · creditor: 2629012 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Credit card - Bank/Trust Companies Issuers · page: 4 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 8645 · debtor: RCLUB Enterprises Inc. · creditor: RBC (Mastercard) · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 26167.54 · debtor: RCLUB Enterprises Inc. · creditor: TAS Hospitality Solutions · currency: CAD
- unsecured creditorsnote: Shareholder loan from individual; related party; individual name reported as required · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 31305.19 · debtor: RCLUB Enterprises Inc. · creditor: Julie Westland · currency: CAD
- unsecured creditorsnote: Loan from individual; related party (also sworn officer of the corporation) · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 9313.72 · debtor: RCLUB Enterprises Inc. · creditor: Adam Westland · currency: CAD
- unsecured creditorsnote: Payment processing · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 729.66 · debtor: RCLUB Enterprises Inc. · creditor: Plooto Instant · currency: CAD
- unsecured creditorsnote: Payment processing; placeholder value only · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 0 · debtor: RCLUB Enterprises Inc. · creditor: Square · currency: CAD
- unsecured creditorsnote: Payment processing; placeholder value only · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 0 · debtor: RCLUB Enterprises Inc. · creditor: Xero Stripe · currency: CAD
- unsecured creditorsnote: Finance company loan · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 342457.87 · debtor: RCLUB Enterprises Inc. · creditor: 2398674 Ontario Inc. / APCO Loan · currency: CAD
- unsecured creditorsnote: Landlord/rent claim - preferred creditor (priority/security for rent) · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 70021.2 · debtor: RCLUB Enterprises Inc. · creditor: 2398674 Ontario Inc. / APCO · currency: CAD
- unsecured creditorsnote: Legal fees · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 24000 · debtor: RCLUB Enterprises Inc. · creditor: Dentons · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party · page: 5 · as of: 2024-11-26 · basis: Statement of Affairs as reported · amount: 67085.47 · debtor: RCLUB Enterprises Inc. · creditor: 2639659 Ontario Inc. · currency: CAD