Integro IBS Holdings Inc

Integro IBS Holdings Inc. has been in bankruptcy under the Bankruptcy and Insolvency Act in Ontario since January 25, 2024, with MNP Ltd. as licensed insolvency trustee under estate/court file no. 31-3035441. The proceeding remains active. The Statement of Affairs, as at January 25, 2024, states total assets of $7,995.89 against total liabilities of $13,405,112.99, a stated deficiency of $13,397,117.10. Unsecured creditors total $4,068,801.10, secured claims $7,995.89, preferred creditors nil, and contingent or trust claims $9,328,316.00 — the latter a contingent claim of Royal Bank of Canada shown as expected to rank for dividend at $0.00. Much of the unsecured debt is debenture principal and unpaid interest owed to individual and corporate holders, the largest being Hi-Rise Vista Holdings 88 Inc at $1,116,255.41 and 61/67 Clairville Holdings Ltd. at $893,004.34.