Turnkey Site Solutions Inc remains in active insolvency proceedings in Ontario, with a Statement of Affairs as at December 20, 2024 reporting total assets of $3.00 against total liabilities of $6,654,629.12 and a deficiency of $6,654,626.12 for Turnkey Site Solutions Ltd. Bank of Nova Scotia holds a general security agreement and vehicles loans over accounts receivable, machinery and equipment, and vehicles, with its claim shown as $3.00 secured and a $5,765,280.66 deficiency ranking unsecured. Equipment and vehicle financiers De Lage Landen Financial Services Canada, Ford Credit Canada Leasing Company, Humberview Group Leasing Inc. and Komatsu International (Canada) Inc. are each carried at a nominal $1.00. Schedule A ordinary unsecured claims aggregate $889,341.46, the largest being Crawford Metal (Burlington) at $153,029.99, CANADIAN BBR INC. at $118,508.49 and Lafarge Canada Inc. at $90,924.08.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Trustee's Report to the First Meeting of Creditors on Preliminary Administration. Turnkey ceased operations on the bankruptcy date, terminating all 24 employees, and the Trustee is now realizing the fully-encumbered assets primarily for the benefit of secured creditor BNS, with no recoveries anticipated for unsecured creditors. Court file 31-3168234.
Debtor
Turnkey Site Solutions Inc
Trustee in bankruptcy
PwC
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Nova Scotia · in 73 casesGSA (General Security Agreement) and Vehicles Loans; secured against accounts receivable, machinery/equipment, vehicles (asset nos. 1301, 1101, 801) — Total amount of claim shown as $5,765,283.66 with secured portion $3.00 and unsecured portion $5,765,280.66 per Statement of Affairs Schedule; estimated deficiency from security -$5,765,280.66 — debtor: Turnkey Site Solutions Ltd. · as of 20 Dec 2024 | $3 | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
59 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report on Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Proxy
| PDF · Subscribers | |
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CiteProceedings., “Turnkey Site Solutions Inc” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/turnkey-site-solutions-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/turnkey-site-solutions-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.