ART Advanced Research Technologies Inc.

ART Advanced Research Technologies Inc., also identified as Art Recherches et Technologies Avancées Inc., is a closed bankruptcy under the BIA in Quebec, commenced on February 18, 2013. The sworn Statement of Affairs (Form 78) put total assets at $173,733.00 against total liabilities of $7,162,162.88, a reported deficiency of $6,988,429.88. No secured creditors were listed; the secured creditors list showed $0.00 and no appendix was filed. Softscan Healthcare Group Ltd, at a British Virgin Islands address, was the largest unsecured claim at $6,102,583.91, followed by DEC - Jean Philippe Charbonneau at $449,358.00 and Non-Invasive Technology at $100,000.00. Canada Revenue and Revenu Québec were each listed as unsecured at $1.00. Numerous former employees and individual creditors appear on the list at amounts in the thousands.