Construction Distribution & Supply Company Inc.

Construction Distribution & Supply Company Inc. is in active bankruptcy proceedings. Its Statement of Affairs, sworn as at February 29, 2024, reports total liabilities of $13,384,643.49 against assets of $1,100,684.25, leaving a deficiency of $12,283,959.24. The liabilities comprise unsecured claims of $7,083,497.54, a secured-claims balance of $5,146,665.00, secured creditors' claims of $1,100,684.25, and preferred claims of $53,796.70. Among secured creditors, Scotiabank (via Canaccede International Management Ltd.) claims $1,314,704.00 secured against accounts receivable, stock in trade and an investment; Roynat Inc. claims $4,825,312.00 against security valued at nil; and Bank of Nova Scotia and Ford Credit Canada hold fully secured claims of $50,000.00 and $57,333.25 respectively against motor vehicles.