Ontario · Receivership (court-appointed)
Notice of Bbankruptcy, First Meeting of Creditors
Notice to creditors · 16 October 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 filing8 verified
- financial positionnote: Sole asset is a $1.00 placeholder 'cash on hand' entry (all other asset categories 0.00). Liabilities: unsecured $3,991,859.70, secured $1.00 (placeholder), preferred 0.00, contingent 0.00; total $3,991,860.70. Estimated deficiency $3,991,859.70. Bankruptcy filing (assignment) October 13, 2026; Statement of Affairs date stated as 9 Oct 2026 (oath text says 8th day). · page: 11 · as at: 2026-10-09 · basis: Statement of Affairs (Form 78, corporate bankruptcy) as stated and estimated by the bankrupt/debtor; estimated realizable values · scope: Buchh Holding Inc. (entity only) · currency: CAD · total assets: 1 · total liabilities: 3991860.7
- unsecured creditorsnote: Listed with total claim $2,627,299.08, of which $2,627,298.08 unsecured and $1.00 shown in the secured column with security asset ref. 101 (the $1.00 placeholder cash on hand); estimated deficit from security $(2,627,298.08). Effectively unsecured; the $1.00 is a placeholder entry. Statement of Affairs date given as 9 Oct 2026 in header and oath (sworn 'on the 8th day' in the declaration). · page: 12 · as of: 2026-10-09 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt; nature: finance company loans, incurred 30-Jun-2022 · amount: 2627299.08 · debtor: Buchh Holding Inc. · creditor: Toronto Dominion Bank · currency: CAD
- unsecured creditorsnote: Intercompany loan; related party. · page: 12 · as of: 2026-10-09 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt; nature: intercompany loans · amount: 564040 · debtor: Buchh Holding Inc. · creditor: Rotalec Canada Inc. · currency: CAD
- unsecured creditorsnote: Listed as unsecured; estimated deficit from security $(433,000.00). · page: 12 · as of: 2026-10-09 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt; nature: finance company loans · amount: 433000 · debtor: Buchh Holding Inc. · creditor: BDC Capital Inc. · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party. · page: 12 · as of: 2026-10-09 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt; nature: shareholder loans · amount: 350521.62 · debtor: Buchh Holding Inc. · creditor: Farhat Buchh · currency: CAD
- unsecured creditorsnote: Intercompany loan; related party. · page: 12 · as of: 2026-10-09 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt; nature: intercompany loans · amount: 17000 · debtor: Buchh Holding Inc. · creditor: 2371561 Ontario Inc. · currency: CAD
- financial positionnote: The as-at date is internally inconsistent in the document: the Form 78 instructions say 'on the date of the bankruptcy, on the 9th day of October 2026', the oath says 'on the 8th day of October 2026', while the notice states the assignment was filed October 13, 2026. Assets: cash on hand $1.00 only, all other categories 0.00. Liabilities: secured creditors 1.00, preferred 0.00, unsecured 3,991,859.70, contingent 0.00; total 3,991,860.70. The form states 'Deficiency -3,991,859.70' and 'Surplus 3,991,859.70' with inconsistent labelling. · basis: Statement of Affairs (Form 78), assets and liabilities "as stated and estimated by bankrupt/debtor"; sworn by Andrew Adessky of Richter Inc. on the corporation's affairs on 8 October 2026 · scope: Buchh Holding Inc. (single entity, corporate bankruptcy) · currency: CAD · total assets: 1 · total liabilities: 3991860.7
- secured creditors