Epic Alliance Inc.

Epic Alliance Inc. remains in active insolvency proceedings. The creditor record to date rests on a Statement of Affairs prepared on Form 78 for Epic Alliance Real Estate Inc., in which the trustee assigned a placeholder claim value of $1.00 to each fund-a-flip (FAF) and hassle-free landlord (HFLP) creditor because the company's books and records were not complete as at August 4, 2022; the trustee notes those figures reflect neither underlying security value nor loss mitigation. Lists C through G, covering preferred creditors, contingent liabilities, debts due, bills and notes, and real property, each total $0.00, and the trustee does not anticipate distributions to unsecured or secured creditors. Quantified unsecured claims include promissory notes of $500,000 each to Wendy Rovers and Catherine Coronel and $440,000 to Dianna Chen-Bitinsky, $158,738.15 owed to Nomad and $60,000 to the Government of Canada.