Dynamic Heavy Haul Ltd.

Dynamic Heavy Haul Ltd. filed a notice of intention under subsection 50.4(1) of the Act on July 16, 2019 in Saskatchewan, under court file 22-2535548, with MNP Ltd. acting as trustee under the proposal. The proceeding remains active. The Statement of Affairs, as stated and estimated by the officer as at July 17, 2019, reports total assets of $1,041,052.92 against total liabilities of $1,200,252.37, a deficiency of $159,199.45. Secured creditors, preferred creditors and contingent and other liabilities are all reported as nil. Assets consist substantially of $1,001,052.92 in book debts and auction proceeds, with accounts receivable of $90,000 good, $50,000 doubtful and nil bad, estimated to produce $40,000. The largest listed unsecured claims are Ward Tires at $144,951.45, Federated Co-Operatives Limited at $141,688.22 and Tannis Howell, a related party, at $140,000.