Dew Point Insulation Systems Inc.

Dew Point Insulation Systems Inc., an Ontario insulation contractor, remains in active insolvency proceedings. A Statement of Affairs prepared as at August 27, 2018 puts the single entity's assets at $923,450.00 against liabilities of $1,054,245.42, a stated deficiency of $130,795.42, with unsecured creditors totalling $932,695.98, the balance of secured claims at $121,549.44 and no preferred, contingent or trust claims. The creditor mailing list as of August 28, 2018 shows secured positions held by CRA on a deemed trust claim of $67,549.44, CIBC at $50,000.00 and secured employee claims of $4,000.00. The largest unsecured exposures are the unsecured portion of employee claims at $419,062.00, Multi-Glass Insulation Ltd at $138,146.23, General Insulation Company at $101,798.17, CRA at $66,402.94, Heat & Frost Insulators Local 95 at $52,000.00 and PBA at $51,623.50.