9303-4999 Québec Inc.

9303-4999 Québec Inc. remains in active insolvency proceedings, with the trustee having reported the estimated claims against the estate as declared on the company's balance sheet. Secured claims are put at $2,876 owing to Service Canada for vacation pay under the wage earner protection provisions of section 81.3 of the Act, $775 to the Agence du revenu du Québec and $362 to the Agence du revenu du Canada, both for source deductions. Unsecured claims are reported in the aggregate at $289,375, against $565,403 in proofs of claim received to date. The trustee identifies MicroBytes Computer Wholesaler inc., a related party to the administrator, as the largest creditor with a debt of approximately $249,351. Employee preferred claims are estimated at $19,231, comprising $2,876 in unpaid vacation and $16,354.87 in severance and notice indemnities, of which $7,679 has been received to date.