Radiant Tanning Salon Ltd.

Radiant Tanning Salon Ltd. remains in bankruptcy in the Supreme Court of British Columbia in Bankruptcy and Insolvency, having been assigned into bankruptcy under the Bankruptcy and Insolvency Act on April 16, 2024, with MNP Ltd. acting as Licensed Insolvency Trustee. The estate is essentially a cash estate: the Statement of Affairs reported $20,000 in cash and no other material assets, and the Trustee holds $20,293 in the estate account. Liabilities were listed as nil secured, nil preferred and $60,002.00 unsecured, and a search of the personal property registry disclosed no secured creditors. The Trustee has asserted a deemed trust claim in favour of the Canada Revenue Agency for unremitted payroll source deductions, ranking ahead of other creditors, though no proof of claim has been received for it. No proofs of claim had been filed as of the Trustee's report, and the Trustee expects no significant divergence from the claims listed on the Statement of Affairs.