All Peace Industrial Contractors 2012 Ltd.

All-Peace Industrial Contractors (2012) Ltd. entered bankruptcy on July 24, 2018, in British Columbia, with MNP Ltd. appointed trustee of the estate under subsection 102(1) of the Act. The trustee's statement of affairs, dated June 29, 2018, declared total liabilities of $6,065,560.20 against total assets of $286,000 in machinery, equipment and plant, and a deficiency of $5,779,560.20. RBC Royal Bank held a secured claim of $2,886,320.00 against those assets, leaving an unsecured balance of $2,600,320.00. The statement of affairs listed more than 140 unsecured creditors, including two Canada Revenue Agency deemed-trust claims of $220,000 and $1,200,000, and $381,691.72 owed to Project Execution Group Inc., the largest individual trade claim. MNP Ltd. itself appeared on the list for $19,587.75 before its later appointment as trustee. A $75,000 Cat Rental Store claim was struck through and annotated 'Paid off,' and WorkSafeBC's $75,000 claim was marked as an unaudited amount.