ICC (Western) Construction Ltd.

ICC (Western) Construction Ltd. has been bankrupt since 17 April 2023, with MNP Ltd. acting as Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act in the Supreme Court of British Columbia in Bankruptcy and Insolvency, court file 11-293777. The Statement of Affairs lists total assets of $50,001.00 — accounts receivable of $10,000.00, cash of $10,000.00, machinery and equipment of $20,000.00 and vehicles of $10,001.00 — against liabilities of $8,269,286.49, comprising $50,002.00 secured and $8,219,284.49 unsecured. The Trustee believes an office trailer, two trucks and sea cans carried in those equipment and vehicle values may in fact be owned by related company Integrated Construction Concepts Ltd. Canada Revenue Agency asserts a deemed trust of $582,324.68 as at 21 March 2023 over unremitted payroll source deductions, ranking ahead of all other creditors. Proofs of claim filed to date total $1,281,919.90.