Pepco Pipe Services Ltd.

Pepco Pipe Services Ltd., an Alberta pipe services and coatings business, has been in bankruptcy since 27 May 2024 under the Bankruptcy and Insolvency Act, with BDO Canada Limited acting as Licensed Insolvency Trustee in the Court of King's Bench of Alberta in Bankruptcy and Insolvency, file 24-2994870. The Statement of Affairs (Form 78), stated and estimated by Rory McDougall as at 27 May 2024, reports total liabilities of $4,416,637.32 against total assets of $391,000.00, with a stated deficiency of $4,025,637.32. Secured claims are listed for BMO Bank of Montreal ($200,000.00, with estimated surplus from security of $91,999.00), Ford Credit Canada ($64,741.69), De Lage Landen ($10,184.78) and Meridian Onecap ($1.00). The largest unsecured claims are Rory McDougall at $2,245,958.38 and Artis REIT at $389,332.17, alongside a CRA deemed trust claim of $957,750.14. The estate remains active.