First Class Painting 1984 Ltd

First Class Painting (1984) Ltd. made an assignment in bankruptcy on April 13, 2017 under section 49 of the Act, with MNP Ltd. as trustee and the estate carried under file no. 24-2240593 in Alberta. The Statement of Affairs sworn as at that date puts total assets at $265,000 against total liabilities of $569,263.43, comprising unsecured claims of $344,441.05, secured claims of $211,262.38 and preferred claims of $13,560.00, and states a deficiency of $304,263.43 on the face of Form 78. Toronto Dominion Bank is shown fully secured for $211,261.38 over painting and blasting equipment, machinery, vehicles, compressors and book debts. The largest unsecured claims are 1736799 Alberta Ltd at $72,978.28, Nisku Industrial Coatings at $70,283.02 and DHB Holdings Ltd. at $62,000.00. The proceeding remains active.