Twisted Pair Technical Services Inc

Twisted Pair Technical Services Inc. has been in court-appointed receivership since April 1, 2016, PricewaterhouseCoopers having been appointed by the Court of King's Bench of Alberta under BIA s. 243 and provincial Judicature Act jurisdiction on the application of secured creditor HML Contracting Ltd., which is owed $258,999. At the receiver's stated net book value as at April 1, 2016, the company's assets totalled $1,945,000, comprising cash of $6,000, accounts receivable of $290,000 and property and equipment of $1,649,000. Other creditors holding security on the property include Koch Ford Lincoln Sales (2003) Ltd. at $197,334, Mercado Capital Corporation at $187,177, Tdf Group Inc. at $165,236, John Deere Financial Inc. at $112,557, Canada Revenue Agency at $68,973, National Leasing Group Inc. at $28,699, Brandt Finance Ltd. and Canadian Western Bank Leasing Inc. at a combined $342,704, and Hydro-Vacs Unlimited Sales Ltd. Unsecured claims on the April 1, 2016 creditors list are led by Dentons Canada LLP at $88,939.87, 1453707 Alberta Ltd. (Wire2Wire) at $62,447.21 and Parlee McLaws at $56,204.20. The proceeding remains active.