10538710 Canada inc.

10538710 Canada inc., a Quebec company, made an assignment in bankruptcy dated 2026-11-02 under the BIA, with Raymond Chabot Inc. as trustee. Its Form 78 statement of affairs, filed 2026-10-30 and declared by the company's representative, reports liabilities of $2,543,882.21 — secured creditors $446,706.08, preferred creditors $0.00 and unsecured creditors $2,097,176.13 — against assets of $89,302 as estimated realizable, leaving a declared deficiency of $(2,454,580.21). The realizable assets are a Logset TH75 2023 multifunctional head at $85,000, two trailers at $4,300, and nominal $1 entries for a lawsuit in progress and accounts receivable; two GMC trucks carried at total values of $21,000 and $60,000 are shown at nil realizable value. Banque Nationale du Canada and Scotiabank hold the secured claims. The company attributes its difficulty to revenue insufficient to cover expenses incurred. The first meeting of creditors is set for 2026-11-19 by Teams.