Atlantica Diversified Transportation Systems Ltd.

Atlantica Diversified Transportation Systems Ltd. entered bankruptcy proceedings in the Supreme Court of Nova Scotia on 24 October 2018, under court file Hfx No. 481314, citing subsection 49(2) and paragraph 158(d), and subsections 50(2) and 62(1), of the Bankruptcy and Insolvency Act. The Statement of Affairs, as at that date, estimates assets of $4,600,860.56 against liabilities of $17,384,227.48, leaving a deficiency of $12,783,366.92 and no surplus. List A unsecured claims total $4,361,567.53; adding the $8,346,622.39 balance of secured claims on List B gives total unsecured claims of $12,708,189.92. Secured claims on List B are $4,600,860.56, preferred claims on List C $75,177.00, and contingent or trust claims on List D nil. The largest claims are Canadian Western Bank and Canadian Western Leasing Inc. at $6,511,514.44, Mack Finance at $942,025.32 and Penske Truck Leasing Canada Inc. at $871,649. The proceeding remains active.