Corsameccanica Inc.

Corsameccanica Inc., which operated a premium Italian motorcycle shop from premises located in Concord, Ontario, filed an assignment in bankruptcy on September 6. Corsameccanica was a dealer of Ducati and Piaggio (Aprilia/Moto Guzzi/Vespa) motorcycles and provided sales, service, and apparel. The company declared $476,655.85 in total liabilities at the time of its bankruptcy. Krieger & Company is the bankruptcy trustee. By Dina Milivojevic

Aiden Pleterski

Aiden Pleterski, the self-described "Crypto King", and his company AP Private Equity Limited (collectively the “Debtors”) were petitioned into bankruptcy on August 9, on application by certain of their creditors. The Debtors claimed to have operated an investment business in which, among other things, investor monies were invested into cryptocurrency and foreign exchange positions. The trustee is in the process of realizing on the assets of the Debtors, including two McLarens, a Lamborghini and a collection of other high-end vehicles. The trustee is aware of over $10 million of liabilities, although the records of the Debtors are incomplete and the total amount of liabilities is believed to be much greater. Grant Thornton is the bankruptcy trustee. Counsel is Baker McKenzie for the creditors who brought the bankruptcy applications. By Dina Milivojevic

Epic Alliance Real Estate Inc.

Epic Alliance Real Estate Inc., a Saskatoon, Saskatchewan-based real estate company, was placed into bankruptcy on August 4. EY was previously appointed as inspector of the company and certain related entities (the "EA Group") on February 25 on application by various investors to investigate what happened to the $211.9 million in investor funds raised by the EA Group. The inspector reported that, among other things, investors may never know exactly what happened to the money raised, in part because the company's books were unaudited and incomplete and two of three computer servers that stored the electronic records had been wiped clean. EY is the bankruptcy trustee. Counsel is MLT Aikins for the inspector. By Dina Milivojevic

12337240 Canada Inc. c.o.b. Minfu Kitchen Cabinets

12337240 Canada Inc. c.o.b. Minfu Kitchen Cabinets, based out of Newmarket, Ontario, filed an assignment in bankruptcy on July 27, listing approximately $312,000 in liabilities. The company manufactured custom cabinet products for residential and commercial projects and provided general renovation services for kitchens. The business was largely dependent on imports from China, and shipping delays along with the substantial increase in shipping costs during and after the COVID-19 pandemic adversely affected the viability of the business. In addition, a significant supplier based in China had COVID-19 restrictions placed on it by the government, resulting in the supplier ceasing operations, further aggravating the procurement issues. Goldhar & Associates is the bankruptcy trustee. By Dina Milivojevic

Victory Nickel Inc

Victory Nickel Inc., an exploration and development mineral resources company primarily engaged in the acquisition, exploration, evaluation and development of nickel projects and associated products in Canada, was deemed to be bankrupt on July 26. On April 14, the company filed a proposal to restructure its debt under the BIA. A meeting of the Company's creditors was convened on May 5 and adjourned the same day to address concerns raised by the company's single largest unsecured creditor holding approximately 78% of the unsecured claims. The creditors' meeting was reconvened on July 26 proposal was not approved by the requisite majority of creditors. As a result, the company was automatically deemed to be bankrupt. The creditors appointed Farber as bankruptcy trustee. Cynthia Thomas, officer and director of the company and its subsidiaries, and Michael Anderson, director of the company have tendered their resignations. By Dina Milivojevic

2292558 Ontario Inc. c.o.b. Calhoun’s Roadhouse

2292558 Ontario Inc. c.o.b. Calhoun's Roadhouse, which operated as a full-service restaurant in Mitchell, Ontario, filed an assignment in bankruptcy on the July 14, listing approximately $160,000 in liabilities. The restaurant’s business volume was much lower during the extended period of COVID-19 restrictions. The pandemic also resulted in a shift in business from dine-in to takeout, and the restaurant has not been able to recapture the sales lost during the pandemic. The restaurant continued to incur fixed operating costs without much ability to generate revenue and no prospect towards the revival of the business. As a result, it filed an assignment in bankruptcy. Goldhar & Associates is the bankruptcy trustee. By Dina Milivojevic

Enjoy Technology Canada Ltd.

Enjoy Technology Canada Ltd., a Vaughan, Ontario-based company engaged in the business of providing same-day delivery and set-up of mobile devices through a strategic partnership with Rogers Communications, made an assignment in bankruptcy on July 8, listing approximately $2 million in liabilities, including approximately $660,000 to Rogers. The company is a wholly-owned subsidiary of Enjoy Technology, Inc. ("Enjoy US"), a US technology-powered platform listed on the NASDAQ stock exchange under the ticker symbol “ENJY", which obtained Chapter 11 protection on June 30. Enjoy struggled to achieve profitability both in Canada and the US due to staffing shortages, supply chain issues and difficulty in securing additional liquidity after Enjoy US went public via a special purpose acquisition vehicle in 2021. Deloitte is the bankruptcy trustee. Counsel is Osler for the company and Aird & Berlis for the bankruptcy trustee. By Dina Milivojevic

2737524 Ontario Inc. o/a Estrada Automotive

2737524 Ontario Inc. o/a Estrada Automotive, a Markham, Ontario-based automotive modification workshop, filed an assignment in bankruptcy on June 27, listing approximately $320,000 in liabilities. The business volume was much lower than the anticipated level for the past several months and there were negligible clients during the extended period of COVID-19 restrictions. The company continued to incur fixed costs and, with no visibility towards the revival of business, the company filed an assignment in bankruptcy. Goldhar & Associates is the bankruptcy trustee By Dina Milivojevic

Merritt FuelCo Limited Partnership, Nicola Valley FuelCo Inc., Merritt Operations Services Limited Partnership, Nicola Valley Operations Services Inc., Fort St. James FuelCo Limited Partnership, Prince George FuelCo Inc., Fort St. James Operations Services Limited Partnership and Prince George Operations Services Inc.

Merritt FuelCo Limited Partnership, Nicola Valley FuelCo Inc., Merritt Operations Services Limited Partnership, Nicola Valley Operations Services Inc., Fort St. James FuelCo Limited Partnership, Prince George FuelCo Inc., Fort St. James Operations Services Limited Partnership and Prince George Operations Services Inc., which were incorporated to provide fuel and services to an electricity generation project located in Fort St. James, British Columbia, were each adjudged bankrupt on June 7, on application by Veolia ES Canada Inc., a creditor and related party to the companies, owed approximately $7 million. In recent years, the project ran into significant issues, including: (i) construction delays and defects, which resulted in higher and unplanned expenses; (ii) major forest fires in British Columbia, which disrupted the biomass fuel supply in the area and increased Canadian softwood lumber tariffs; and (iii) the closure of several sawmills within the vicinity of the project site and the unavailability of fuel in the market. Deloitte is the bankruptcy trustee. Counsel is Stikeman Elliott for Veolia ES Canada Inc By Dina Milivojevic

Pika Technologies Inc.

Pika Technologies Inc., a Kanata, Ontario-based communications company whose offerings included telephony appliances, board-level TDM products, mobile PBX, end-user applications, and custom telecom development services, filed an assignment in bankruptcy on May 31, listing approximately $770,000 in liabilities, including approximately $392,000 to Business Development Bank of Canada. The company had ceased operations prior to the date of the assignment. Remaining inventory consisted of computer parts tailored to the company's software, which has been taken to Rideau Auctions. Given the uniqueness of the equipment, anticipated realizations are low. MNP is the bankruptcy trustee. By Dina Milivojevic