Asset Canada Inc.

Asset Canada Inc. has been in bankruptcy in Alberta since December 22, 2023, with Grant Thornton Limited as trustee under court file 25-3025210 and subsection 102(1) of the Act cited as the statutory basis. The Statement of Affairs (Business Bankruptcy), on the officer's stated and estimated figures as at December 8, 2023, shows total assets of $25,897.00 — mainly cash of $8,647.00, machinery and equipment of $1,500.00 and furniture of $750.00 — against total liabilities of $919,481.22, comprising unsecured creditors of $414,481.22 and a balance of secured claims of $479,103.00, with a deficiency stated at $893,584.22. Royal Bank of Canada, at $505,000.00 on the creditor listing, is the largest claim, followed by Patrick and Muriel Ryan at $149,000.00, Connie and Mark Kostash at $91,000.00 and Ian Macdonald at $51,200.00. The bankruptcy remains active.