Taccom Rapid Deployment Protection Group Inc.

Taccom Rapid Deployment Protection Group Inc. filed a Division I proposal on August 22, 2022 under section 50(5) of the Bankruptcy and Insolvency Act, with MNP Ltd. as Proposal Trustee and the matter before the Ontario Superior Court of Justice in Bankruptcy and Insolvency under court file 31-2858238. The proceeding is active. Unaudited internal figures put total assets at $171,614 and liabilities at $430,943 as at May 31, 2022, against $246,953 and $291,218 a year earlier. The sworn Statement of Affairs as at the filing date reports total creditor indebtedness of $664,552 — secured $118,514, unsecured $546,035, contingent $3 — with cash at bank of $118,513.65 as the only asset. Canada Revenue Agency asserts a deemed trust claim of $191,650.80 for unremitted source deductions, ranking ahead of other creditors, and former employees are owed $5,328.22 in wages, $4,000 of which would rank as a super-priority claim under section 81.3 in a bankruptcy.