Académie linguistique internationale Inc

Académie linguistique internationale Inc, a Quebec company, remains subject to active insolvency proceedings. A statement of affairs as at November 30, 2020, declared and estimated by an officer of the company, reports assets of $130,002.00 against total liabilities of $1,024,520.67 and a deficit of $894,518.67. Unsecured creditors are listed at $884,520.67 and secured creditors at $130,000.00, with no preferred or contingent claims stated; the reported total liabilities include a $10,000.00 secured claims balance carried into the unsecured total. Royal Bank of Canada is listed as a secured creditor at $140,000.00 in the list of creditors and at $130,000.00 in the statement of affairs, a discrepancy left unreconciled. The largest unsecured claims are $337,748.00 for employee notice, $290,246.58 owed to landlord Complexe 1425 RLO SEC, and $100,000.00 to 4200705 Canada Inc. Aggregate student claims are carried at a nominal $1.00.