Tour Tech East Limited

Tour Tech East Limited, a Dartmouth live-event sound, lighting and staging business, filed a Notice of Intention to Make a Proposal under section 50.4 of the Bankruptcy and Insolvency Act on February 20, 2015, with Deloitte Restructuring Inc. as trustee. The proceeding is before the Supreme Court of Nova Scotia in Bankruptcy and Insolvency, court file 38848, estate no. 51-1963560, Halifax, and proceeds under sections 50.4(7)(b)(ii) and 50.4(9) of the BIA. A Form 78 Statement of Affairs sworn July 14, 2015 by Peter G. Hendrickson lists total assets of $2,270,201.00 and declares surplus nil. List “B” secured claims total $2,551,923.56 against security estimated at $2,034,201.00, the largest being Business Development Bank of Canada – Atlantic at $1,250,000.00 and TD Canada Trust at $526,297.00, both shown as fully covered. List “A” claims total $2,071,771.02, including CRA source deductions of $251,057.13 and HST of $220,609.62.