Rideway Transport Inc.

Rideway Transport Inc., an Ontario trucking company, has been in bankruptcy since 30 October 2017, with MNP Ltd. as trustee under estate number 35-2308990. The Statement of Affairs sworn for the business, stated as at 27 October 2017, put assets at $435,000 against liabilities of $848,537.78, a deficiency of $413,537.78. Liabilities comprise $718,876.78 of unsecured claims on list A plus $9,661.00 as the balance of secured claims on list B, for total unsecured claims of $728,537.78, and $120,000.00 of secured claims; no preferred or contingent claims were listed. The largest listed unsecured creditor is Graham Energy Ltd. at $386,003.18, followed by employees at $70,445.00 and the Estate of Patricia Brooke, a related party, at $45,000.00. Michael Everhart, a related party, is listed as a secured creditor for $110,000.00. The proceeding is convened under subsection 102(1) of the Act, and the listed claims remain unproved.