Fusion Pipe Solutions Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 25-2485478
Fusion Pipe Solutions Inc. is subject to insolvency proceedings, with a Statement of Affairs sworn on March 12, 2019 showing total liabilities of $2,844,987.33 against total assets of $2,360,126.60, a stated deficiency of $484,860.73. Secured claims include a Canada Revenue Agency deemed-trust claim of $339,951.96 against accounts receivable and a 2009 Western Star hydrovac truck, and a Scotiabank claim of $205,729.43 secured by GIC securities and the same vehicle. A further group of equipment financiers, including ADD Capital Corp., Brandt Finance, Caterpillar Financial Services, CWB National Leasing, Ford Credit Canada and Tricor Lease & Finance, hold purchase-money security interests over specific vehicles and equipment. The statement also lists preferred wage claims and contingent claims from two bonding companies, each valued at nil for dividend purposes, alongside more than ninety unsecured trade creditors.
Debtor
Fusion Pipe Solutions Inc.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies · in 87 casesAccounts Receivable ($277,253.76) and Motor Vehicle - 2009 Western Star Hydro Vac 5KKHALCV99PAH2843 ($62,698.20) — Deemed trust / CRA claim; also holds a separate nominal $1.00 notice-only registration listed in unsecured creditors list. — debtor: Fusion Pipe Solutions Inc. · as of 12 Mar 2019 | $340K | Creditor's Package |
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) |
101 more claims in 4 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
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Creditor's Package
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CiteProceedings., “Fusion Pipe Solutions Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/fusion-pipe-solutions-inc