Icecorp Logistics Inc.

Icecorp Logistics Inc. is in active bankruptcy proceedings. Its Statement of Affairs, as at November 1, 2017 and estimated by officer Alan Barnes, reported total liabilities of $2,622,162.87 against total assets of $980,000.00, producing a stated deficiency of $1,642,162.87 with no surplus. Secured creditors, totaling $980,000.00, included CRA, Business Development Bank of Canada, LiftCapital Corporation, Honda Canada Finance, Bodkin Leasing Corporation, National Leasing Group, Bank of Montreal, Addison Leasing, and Alan Barnes, an officer and related party of the company, holding security over accounts receivable, vehicles, and equipment. Unsecured claims, including a $872,506.00 balance owed to Alan Barnes after application of his security, made up the remainder of the reported deficiency.