10804 Newfoundland Ltd.

10804 Newfoundland Ltd. is in bankruptcy in the District of Newfoundland and Labrador, court file no. 21222, with MNP Ltd. as trustee and a date of bankruptcy of April 10, 2017; the proceeding rests on section 50.4(1) of the Bankruptcy and Insolvency Act and traces to a step taken March 28, 2017. The Statement of Affairs as at April 10, 2017 states assets of $8,188,892.00 against liabilities of $14,679,589.59, a deficiency of $6,490,697.59, with preferred creditors and contingent and trust liabilities both nil. Secured claims are held by BMO Bank of Montreal over Torbay Road, Pine Line, Pineridge Creek and Pine River Valley properties, by Moscowitz Capital, and by the Business Development Bank of Canada, whose $3,863,300.00 claim is secured on 5 Hallett at an estimated $3,000,000.00. Unsecured claims include Skymark Contracting Ltd. at $4,125,207.52 and 75275 NL Ltd. at $1,104,448.28. The estate is active.