A & A Trenching (A Partnership)

A & A Trenching (A Partnership), an Alberta partnership, has been in bankruptcy since 18 June 2015, with Grant Thornton Limited as trustee. The filing proceeds under subsection 49(2) and paragraph 158(d), and subsections 50(2) and 62(1), of the Act. The Statement of Affairs sworn as at 12 June 2015 puts assets at $963,626.57 against liabilities of $3,032,373.58, a deficiency of $2,068,747.01, with secured claims of $963,626.57 and no preferred or contingent liabilities. Two related parties sharing the debtor's Edmonton address, B&A Holdings and C & B Holdings, hold the secured positions at $750,000.00 and $250,000.00 respectively, both charging cash, receivables, holdbacks and funds paid into court. The largest unsecured claim is A&A Trenching Ltd. at $883,585.00, followed by EECOL Electric Ltd. at $119,325.46. The estate remains active.