PressureWorx Inc.

PressureWorx Inc. has been in bankruptcy since June 4, 2018 in the Court of King's Bench of Alberta, court file 24-2362863, on an application by Grant Thornton Limited, on a basis stated as section 30 of the Bankruptcy and Insolvency Act. The Statement of Affairs (Form 78), as at April 3, 2018 and sworn by Jeannie Leer, put total assets at CAD 1,618,004.00 against total liabilities of CAD 1,881,483.20, with a stated deficiency of CAD 263,479.20 and no preferred creditors. A CRA deemed trust claim of CAD 350,310.58 is carried as a contingent liability. The largest secured positions are Daimler Truck Financial, claiming CAD 578,564.14 against a 2013 Western Star 4900SB estimated at CAD 350,000.00 and leaving a CAD 228,563.14 unsecured balance, and Essex Lease Financial Corporation at CAD 452,984.48 secured on a 2015 Jereh Twin Pumper. The proceeding remains active.