OCM Manufacturing Inc.

OCM Manufacturing Inc., an Ontario company, filed an assignment in bankruptcy on June 6, 2025 under section 49 of the Bankruptcy and Insolvency Act and Rule 85, with MNP LTD / MNP LTÉE as trustee under estate number 33-3232926. The Statement of Affairs, as stated and estimated by the debtor as at that date, shows total assets of $1,030,000.00 against total liabilities of $1,810,578.00, a stated deficiency of $780,578.00. Secured claims total $678,000.00, all of it owed to Regalon Holdings Inc. under a General Security Agreement dated January 1, 2025 over accounts receivable and machinery and equipment, with an estimated surplus from that security of $312,000.00. Unsecured claims total $1,132,578.00, the largest being Arrow Electronics at $372,903.00, Business Development Bank of Canada at $90,000.00 on a bank loan, Mouser Electronics Inc. at $72,261.00 and Metaplast Circuits Ltd at $70,920.00. Preferred and contingent claims are stated at nil.