Les Habitations Martin Turcotte Inc.

Les Habitations Martin Turcotte Inc. filed a proposal to its creditors under Division I of the Bankruptcy and Insolvency Act, dated April 29, 2016, in the Superior Court of Québec (court file no. 755-11-003399-165), with MNP Ltée acting as trustee (syndic). The company's sworn Statement of Affairs, filed the same date, reported total assets of $8,000.00 against total liabilities of $67,431.00, all unsecured, for a deficit of $59,431.00. Its largest listed unsecured creditors were the Agence du revenu du Québec, owed $41,301.00, and the Canada Revenue Agency, owed $13,062.00. The trustee's report on the proposal separately put unsecured creditors at approximately $68,631.00 based on the debtor's unverified books, a figure the report itself notes differs from the sworn statement's total. The proceeding remains active.