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
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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
57 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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 ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Notice of Bankruptcy and First meeting of Creditors
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Precision Steel & Manufacturing Ltd.” (Bankruptcy). Retrieved 5 November 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.