Services de Lubrifiants Industriels et Commerciaux Inc. SLIC

Services de Lubrifiants Industriels et Commerciaux Inc. (SLIC) has been in bankruptcy under the Loi sur la faillite et l'insolvabilité since July 28, 2023, with MNP Ltée acting as syndic under Superior Court of Québec file no. 450-11-000091-235. The company's balance sheet at the date of the assignment declared assets of $29,000 — $25,000 in accounts receivable and $4,000 in cash — against provable claims of $490,358, all unsecured; secured, preferred and deemed trust (source deductions) creditors are each reported as nil. Realization on the declared assets came to only $9,292, and $40,919 has been received to date against the unsecured claims. The company's assets had been sold on June 1, 2023 to secured creditors, who were repaid from the proceeds. The proceeding remains active.