Transactions Excel Inc.

Transactions Excel Inc., a Quebec debtor, entered insolvency proceedings on 16 May 2018; the file is closed. A Statement of Affairs (Form 78) prepared as at the same date, on figures stated and estimated by the officer, put total assets at $1,009,000.00 against total liabilities of $2,753,065.58, a reported deficiency of $1,744,065.58. Nearly all of the asset side consisted of $1,000,000.00 in trust funds described as subject to third-party ownership. Unsecured claims under List A totalled $2,273,065.58, dominated by Tradetech Markets Limited at $2,189,839.00, with Borden Ladner Gervais LLP at $45,000.00 and Brassco Immobilier Inc. at $38,226.58; the Agence du revenu du Canada and the Ministère du Revenu du Québec were listed at $0.00. Secured and preferred creditors were stated as $0.00. A further $480,000.00 in contingent or trust claims, spread across some two dozen individuals in amounts from $10,000.00 to $140,000.00, was recorded with nothing claimable in dividends.