Fine Pointe Tech inc. (Bankruptcy)

Fine Pointe Tech Inc., in Quebec, is the subject of insolvency proceedings under court file 700-11-013549-128. A statement of affairs declared as of September 14, 2012 reports total assets of $2,329,002.00 against total liabilities of $3,604,484.66 — $2,001,817.40 secured, $1,585,421.00 unsecured and $17,246.26 preferred — a deficit of $1,275,482.66. The largest secured claim, $995,000.00, is held by the Royal Bank of Canada against business assets including inventory, machinery, equipment, furniture, computers, rolling stock and accounts receivable. The largest unsecured claims are $400,000.00 to Signotech Inc., $167,000.00 to Alain Mainville, described as a director and administrator of the debtor, and $125,703.95 to Feralux Lampadaires, among 150 further unsecured creditors.