SNS Industrial Group Ltd.
Follow- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 32-2632818
SNS Industrial Group Ltd., in bankruptcy, filed a Statement of Affairs (Form 78) as at March 20, 2020, reporting total assets of $870,000.00 against total liabilities of $1,401,862.19, for a reported deficiency of $531,862.19 and no surplus. Liabilities were split between unsecured creditors of $926,331.19 and secured creditors of $475,531.00, with no preferred, contingent or trust claims listed.
The sole secured creditor, 1900936 Ontario Ltd., held security over accounts receivable valued at $475,531.00, with an estimated surplus from that security of $394,469.00. The unsecured creditor list named a large number of suppliers, mostly small trade amounts, alongside a deemed-trust claim of $124.53 owed to the Canada Revenue Agency.
A claims procedure has been established — see the order for deadlines.
Debtor
SNS Industrial Group Ltd.
Trustee in bankruptcy
Schwartz Levitsky Feldman Inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 1900936 Ontario Ltd.Debts Due - Business - A/R (estimated value $475,531.00); Business Assets - Trade Fixtures (estimated value $0.00); Business Assets - Stock in Trade - Inventory (estimated value $0.00) — Numbered company creditor; no relationship to debtor stated in document. Estimated total surplus from security of $394,469.00 reported. — debtor: SNS Industrial Group Ltd. · as of 20 Mar 2020 | $476K | Notice to Creditors |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Proof of Claim
| 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., “SNS Industrial Group Ltd.” (Bankruptcy). Retrieved 21 September 2026, https://proceedings.ca/case/sns-industrial-group-ltd