Bookmark Your Life Inc., Bankruptcy

Bookmark Your Life Inc., a Toronto, Ontario-based growth-stage company specializing in automated website building, made an assignment in bankruptcy on October 18, listing approximately $6.1 million in liabilities, including $3.2 million to Moneris Solutions Corporation. In 2020, Bookmark and Moneris announced a strategic partnership and agreement of investment from Moneris allowing it to be the exclusive payment processing solution for Bookmark’s customers. The significant costs of the development of the online platform and costs associated with growing an online presence were reportedly the major causes of Bookmark’s financial difficulties. Harris & Partners is the bankruptcy trustee.

By: Dina Milivojevic