12569451 Canada Inc Boustan Rideau

12569451 Canada Inc., operating as Boustan Rideau, is in bankruptcy in Ontario under section 49 of the Bankruptcy and Insolvency Act, with MNP Ltd. as trustee under estate number 33-2813971. The proceeding commenced on March 18, 2022 and remains active. The Statement of Affairs, as at March 8, 2022, estimates total assets of $18,000 against total liabilities of $453,965, leaving a stated deficiency of $435,965. RBC Royal Bank holds a claim of $323,000 secured by machinery and equipment appraised at $18,000, with the $305,000 balance ranking as an unsecured shortfall. Other unsecured claims include Escat Construction Inc. at $87,000 for contract work, Golpro Holdings Inc. at $15,200 for rent, and Dubord & Rainville at $9,914. No preferred claims, trust or contingent claims, or real property were reported.