Precision Steel & Manufacturing Ltd., an Alberta steel fabricator, has been in bankruptcy under the BIA since 12 October 2018, with MNP Ltd. as trustee under court file 24-2430939. The Statement of Affairs (Form 78), sworn as at 11 October 2018, records no assets against total liabilities of $536,491.16, leaving a stated deficiency of $536,491.16; preferred and contingent liabilities are both listed at $0.00. Secured claims are nominal — a $1.00 balance to Toronto Dominion Bank and $30.40 to TD Visa, each secured on business accounts receivable valued at nil. The trade creditor list is led by Russel Metals Inc at $82,125.05, Fisher & Ludlow at $60,700.05, Northern Industrial Carriers Ltd. at $60,150.58 and Red River Galvanizing at $49,133.57. The estate remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Trustee's Preliminary Report. The Bankrupt had already completed a self-liquidation of its assets through public auction prior to filing, leaving no assets with realizable value, and the Trustee does not anticipate any distribution to creditors. Court file 24-2430939.
Source: Trustee's Preliminary Report
A claims process was approved, establishing the mechanism by which creditors' claims against Precision Steel & Manufacturing Ltd. are to be advanced and determined.
Debtor
Precision Steel & Manufacturing Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD Visa · in 13 casesDebts Due - Business - Various Accounts Receivable — Estimated value of security: $0.00; balance of claim $30.40 per Statement of Affairs List B — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $30 | Notice of Bankruptcy and First meeting of Creditors |
| 4 | Secured | Toronto Dominion Bank (Attn: CC&R Insolvency and Credit Counselling) · in 35 casesDebts Due - Business - Various Accounts Receivable — Estimated value of security: $0.00; balance of claim $1.00 per Statement of Affairs List B — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Russel Metals Inc · in 5 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $82.1K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Fisher & Ludlow · in 5 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $60.7K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Northern Industrial Carriers Ltd.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $60.2K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Red River Galvanizingdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $49.1K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Samuel Son & Co. Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $44.4K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Varsteel Ltd. · in 7 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $35.9K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Daam Galvanizing Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $28.9K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | International Paint C9203debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $23.2K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Redwood Plastics and Rubber Corpdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $23K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Deloitte LLP · in 30 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $22.8K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Edmonton Nut & Bolt · in 11 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $20.9K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Exact Detailing Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $17.3K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | On the level millwright service incdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $11.2K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | SIL Industrial Minerals Incdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $7.55K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Praxair Distribution - Division of Praxair Canada Inc.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $7.51K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Alll Can Inspection Servicesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $6.84K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | AFD Petroleum ltd · in 3 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $4.99K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Weldworld Corp · in 2 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $2.67K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Alsco Canadadebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $2.45K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Norwesco Industries (1938) Ltd. · in 5 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $2.07K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Crane Ex Services Inc.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $2.03K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Workers' Compensation Board ABRegulatory board claim, not designated preferred in this filing — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.93K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Grove Lumber & Manufacturing · in 2 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.84K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Toshiba Business Solutions · in 8 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.83K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Royal Delivery Services Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.82K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Weber Supply Company Inc · in 3 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.51K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Air Liquide Canada Inc.-Western Region (Attn: Dana Dumitrescu) · in 5 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.34K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | 8099227 Canada Ltd c/o T9939debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.3K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Filtramax Inc (A Div of Wainbee Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $1.23K | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | C.W. Carry Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $851 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Grande Tire Incdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $724 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Westkey Graphics Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $710 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | BP Machine Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $698 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | K.w. Zwicker, P.Eng.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $630 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Sherwin Williams · in 5 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $604 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | A & T Rolling & Forming Ltd. · in 2 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $399 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Ace pallet c/o Atley Developments Co Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $368 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Telus Communications · in 39 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $346 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Hilti (Canada) Corporation · in 34 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $329 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Alfor Metallurgical Company Ltddebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $263 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Flocor · in 4 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $243 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Steel Smith Supplydebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $239 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Zinger Computingdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $228 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Weldcor Supplies Inc. · in 3 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $182 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | shippers supply inc · in 2 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $147 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Comco Pipe & Supply Co.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $131 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Cloverdale Paint, Inc.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $129 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Edvan Custom Metal Processingdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $126 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | City Water International · in 3 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $110 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Ackalds Grainerdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $97 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | CWB Group - Industry Services · in 10 casesdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $88 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Printer World International Incdebtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $88 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | CTS Industries Ltd.debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $21 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | TD Visa · in 13 casesBalance of claim $30.40 classified as secured per List B — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $0 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Toronto Dominion Bank (Attn: CC&R Insolvency and Credit Counselling) · in 35 casesBalance of claim $1.00 classified as secured per List B — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $0 | Notice of Bankruptcy and First meeting of Creditors |
| 8 | Unsecured | Trace Applications IncListed with $0.00 unsecured claim — debtor: Precision Steel & Manufacturing Ltd. · as of 11 Oct 2018 | $0 | Notice of Bankruptcy and First meeting of Creditors |
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 24 Oct 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors of the bankrupt estate | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 24 Oct 2018 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at 11 Oct 2018 · per Statement of Affairs (Form 78) as stated and estimated by the officer/bankrupt · Precision Steel & Manufacturing Ltd. (single entity) — Deficiency of $536,491.16 stated; total unsecured creditors $536,459.76 plus balance of secured claims $31.40 = total unsecured creditors of $536,491.16 per Form 78; preferred and contingent liabilities lists both show $0.00
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| ||
Notice of Bankruptcy and First meeting of Creditors
| ||
| Proof of Claim Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Precision Steel & Manufacturing Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/precision-steel-and-manufacturing-ltd
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/precision-steel-and-manufacturing-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.