Crescent Air Conditioning Limited

Crescent Air Conditioning Limited, an Ontario company, has been in bankruptcy since 28 September 2018, with MNP Ltd. as trustee under subsection 102(1) of the Act, estate number 32-2426516. The Statement of Affairs, as stated and estimated by the trustee as at the date of bankruptcy, puts total assets at $62,452.00 against total liabilities of $407,618.75, a stated deficiency of $345,166.75. Liabilities comprise $189,312.75 of unsecured claims per list A plus $152,577.00 as the balance of secured claims, for total unsecured of $341,889.75, secured claims of $62,452.00 per list B, and preferred claims of $3,277.00 per list C, with no contingent or trust claims. The largest filed claims are Gordan Diaz at $152,377.00 unsecured, A.G Enertech Corporation Environmental at $121,890.00, and the Canada Revenue Agency, secured at $58,000.00. The proceeding remains active.