M-B Stucco Ltd.

M-B Stucco Ltd. has been in bankruptcy in the Ontario Superior Court of Justice since October 10, 2023, when an interim order was granted on an application by Bank of Montreal under section 43(1) of the Bankruptcy and Insolvency Act. Baigel Corp. serves as trustee in bankruptcy, appointed under section 16(1) of the Act, and the estate is carried under court file numbers 31-208612-OT and BK-23-00208612-OT31. The trustee's notice to creditors put Bank of Montreal's secured claim at $1,200,000 as of October 17, 2023, with a further $108,130 owing to the bank as an unsecured claim and an unquantified unsecured claim of the Business Development Bank of Canada. Assets were stated as unknown, no statement of affairs having been sworn by any officer or director. The proceeding remains active.