Proceedings.

Canadian Precision Coatings Inc

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Proceeding
BankruptcySubsection 102(1) of the Act
File
25-3380645
Filings held1
Last activity2 Jun 2026
On the record157 days
OverviewSummary updated

Canadian Precision Coatings Inc.'s Statement of Affairs, sworn by Asif Bacchus and dated as at June 1, 2026, reports total assets of $85,317.57 against total liabilities of $344,844.93, leaving a deficiency of $259,527.36. The filing lists no secured creditors. Unsecured claims are dominated by several separate loan balances owed to the Business Development Bank of Canada, alongside trade debts to suppliers including A.B. Warehouse Inc., Capella Solutions Inc., Blueprint Paper Services Inc. and Pro Form Products Limited, plus smaller utility, insurance and collection-agency claims.

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Case updates1 dated entry
Parties

Debtor

Canadian Precision Coatings Inc

Trustee in bankruptcy

Hudson & Company Insolvency Trustees

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredBusiness Development Bank of Canada · in 251 casesFinance company loan (one of several BDC claims listed separately) — debtor: Canadian Precision Coatings Inc. · as of 1 Jun 2026$65KCreditor Package - Canadian Precision Coatings Inc.
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

26 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents1 filing
DateDocumentFile
Creditor Package - Canadian Precision Coatings Inc.
  • Appointee Hudson & Company Insolvency Trustees Inc.
  • Appointee role trustee
  • Commencement date 1 June 2026
  • Court file no 25-3380645
  • + 6 more extracted facts
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Canadian Precision Coatings Inc” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/canadian-precision-coatings-inc

Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/canadian-precision-coatings-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.