Ontario · Bankruptcy

Notice to Creditors

Notice to creditors · 29 February 2024

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appointeeSchwartz Levitsky Feldman Inc.
appointee roletrustee
commencement date29 February 2024
court file no31-3049556
proceeding typebia_bankruptcy
statutory basisSubsection 102(1) of the Act
statutory basisSubsection 102(1) of the Act
financial positionnote: Statement reports a deficiency of $10,070,915.69 (total liabilities less total assets). · page: 2 · as at: 2024-02-29 · basis: as stated and estimated by the officer (Statement of Affairs, Form 78) · scope: entity - Discounter's Pool & Spa Warehouse Inc. · currency: CAD · total assets: 773337 · total liabilities: 10844252.69
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 4402.54 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Dynamic Paint Products Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1277.65 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Enbridge Gas Inc. - Barrie · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 548.05 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: G. N. Johnston Equipment Co. Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 811.8 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: GO SIGNS · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 14853.75 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: HIGHBURY POOLS LTD · currency: CAD
unsecured creditorsnote: Address in Edgewood, NY, USA; amount stated in filing without separate currency designation, presumed CAD. · page: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 135397.42 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: INTERNATIONAL LEISURE PROD INC · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1197.8 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: INVISIBLE INSTALL INC. · currency: CAD
unsecured creditorsnote: Litigation reference CV-22-00690157-0000 noted in filing. · page: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1376276 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Levitt Sheikh LLP · currency: CAD
unsecured creditorsnote: Litigation reference CV-23-00005766-0000 noted in filing. · page: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 100000 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Lokshin Law, Professional Corporation · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 169.5 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Mad Dash Transport Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 18864.44 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Manulife Financial, Premium Administration · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 142070.3 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Midwest Canvas Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 88504.1 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: HINSPERGERS POLY INDUSTRIES · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 14091.49 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Anchem Sales · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 8420.9 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: CENTRAL SPA AND POOL SUPPLY LTD · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 818.26 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Ceridian Canada Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 11413.18 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: COMPASS MINERALS CANADA · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 69.87 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Construction Distribution & Supply Company Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 80735.39 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Covertech Industries Limited · currency: CAD
unsecured creditorsnote: Deemed trust class (CRA claim) · page: 3 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 4733.42 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 734.5 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: North Atlantic International Logistics Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 27811.13 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: THE SPA MARVEL COMPANY INC · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 665.65 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: TREVI FABRICATION INC. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 17.56 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: UPS Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1830.65 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorsnote: Address in San Francisco, CA, USA; amount stated in filing without separate currency designation, presumed CAD. · page: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 51730.63 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Zendesk, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 5097145.97 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: SCP DISTRIBUTORS INC · currency: CAD
unsecured creditorsnote: Represents the unsecured balance of a claim bifurcated by security valuation; total claim $2,355,036.00, of which $773,337.00 is secured (see secured_creditors). · page: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1581699 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Scotiabank c/o Canaccede International Management Ltd. · currency: CAD
unsecured creditorsnote: Same creditor also appears as a preferred creditor for wages/rent (List C) in the separate amount of $19,634.74, a distinct capacity. · page: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 1257087.74 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: RioCan Yonge Eglinton Centre · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 25857.86 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: RIOCAN REAL ESTATE INV TRUST (Newmarket) · currency: CAD
unsecured creditorspage: 4 · as of: 2024-02-29 · basis: Statement of Affairs, List A - Unsecured Creditors, as stated by the officer · amount: 2044.4 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: RBC Life Insurance Company · currency: CAD
secured creditorsnote: Claim bifurcated per security valuation: total claim $2,355,036.00, of which only $773,337.00 (estimated value of security) is secured; the balance of $1,581,699.00 is reported as unsecured and appears again in List A of unsecured creditors (item 25). · page: 5 · as of: 2024-02-29 · amount: 2355036 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: Scotiabank c/o Canaccede International Management Ltd. · currency: CAD · security: Business Assets - Stock in Trade/Inventory (est. value $758,837.00); Business Assets - Machinery (est. value $10,000.00); Debts Due - Business - Accounts Receivable (est. value $4,500.00); total estimated value of security $773,337.00
unsecured creditorsnote: Preferred creditor claim (rent), ranking ahead of ordinary unsecured; distinct from the same creditor's ordinary unsecured claim of $1,257,087.74 in List A. · page: 6 · as of: 2024-02-29 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc., as stated by the officer · amount: 19634.74 · debtor: Discounter's Pool & Spa Warehouse Inc. · creditor: RioCan Yonge Eglinton Centre · currency: CAD