Park West Heating and Refrigeration Ltd.

Park West Heating and Refrigeration Ltd. entered bankruptcy on October 27, 2016, with Grant Thornton Limited appointed trustee under subsection 102(1) of the Act. Its Statement of Affairs reported total assets of $186,100.00 against total liabilities of $1,497,571.45, a deficiency of $1,311,471.45; preferred creditors and contingent or other liabilities were both nil. RBC Royal Bank held a security interest in cash on hand at TD Canada Trust, with the estimated value of the security put at $1.00, an estimated surplus from the security of $999.00, and a nil balance of claim. The Statement of Affairs listed dozens of unsecured trade creditors, the largest being Lower Arctic Holdings Ltd. at $560,000.00 and Wolseley Mechanical Group at $476,415.28.