Beckerland Farms Inc.

Beckerland Farms Inc., a Saskatchewan company, is in bankruptcy under court file 22-2582527, with the date and time of bankruptcy recorded as November 12, 2019 at 15:25, five days after a proposal was filed on November 7, 2019. MNP Ltd. is the appointed officer, acting as Receiver. The Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer as at October 28, 2019, shows assets of $2,200,002.00 against liabilities of $6,479,396.38 and a deficiency of $4,279,394.38, comprising unsecured claims of $801,912.30 and a $3,477,482.08 balance of secured claims; preferred and contingent or trust claims are nil. BDC Canada Ltd. claims $5,617,016.20, secured on building, land at Canora-Wroxton, equipment and motor vehicles valued in total at $2,200,002.00. The proceeding cites subsections 49(2) and 50(2), paragraph 158(d) and subsection 62(1) of the Act, and remains active.