T.J.'s Electric Limited

T.J.'s Electric Limited, a Nova Scotia company, entered insolvency proceedings on December 18, 2024. Its Statement of Affairs, sworn as at that date, reports total assets of $450,718.57 against total liabilities of $1,279,498.19, with a deficiency of $828,779.62 stated on the face of the Form 78; secured claims total $450,714.57 and unsecured claims $828,783.62, with nothing recorded as preferred, priority, contingent or trust. TD Bank is the principal creditor, with a claim of $727,615.00 secured by a general security agreement, of which $450,713.57 is treated as secured and $276,901.43 unsecured, leaving an estimated deficiency on its security of $204,286.43. Business Development Bank of Canada - Atlantic is listed at $206,038.97 on a HASCAP loan, the Canada Revenue Agency at $104,941.50 for corporate taxes and Graybar at $100,197.81 in trade payables. The proceeding remains active.