1297835 Alberta Ltd. Mayco Industries Group

1297835 Alberta Ltd., operating as Mayco Industries Group, is in bankruptcy in Alberta under section 49 of the Bankruptcy and Insolvency Act, having assigned itself into bankruptcy on February 17, 2017 under file number 24-2219236, with MNP LTD / MNP LTÉE as trustee. The Statement of Affairs (Business Bankruptcy), as stated and estimated by the trustee as at February 15, 2017, reports total assets of $297,653.00 against total liabilities of $4,077,232.37, with a deficiency of $3,779,579.37. Secured claims listed on List B total $297,653.00; unsecured claims of $934,579.29 combine with $2,845,000.08 in unsecured balances of secured claims. The Toronto-Dominion Bank holds security over receivables, vehicles, oilfield storage, seacan buildings, equipment and inventory, with a balance of $1,713,713.08, and BDC Capital Inc holds serialized equipment security with a balance of $1,131,287.00. Larger trade claims include EB Horsman & Son at $218,342.86 and Wesco Distribution at $152,190.64. The proceeding remains active.