Unica Steel Inc.
- Proceeding
- Insolvency proceeding (type unspecified)subsection 245(1) and 246(1) of the Act
- Industry
- Manufacturing · Metals & fabrication
Unica Steel Inc. is the subject of insolvency proceedings, with The Fuller Landau Group Inc. appointed receiver under subsections 245(1) and 246(1) of the Bankruptcy and Insolvency Act, effective December 9, 2025. The Business Development Bank of Canada holds a general security agreement over all of the company's assets, registered August 28, 2023, and is owed over $506,000; the receiver expects it to suffer a shortfall. Reported unsecured creditors include 100 Burland Crescent Inc. ($1,076,611.55), Canam Group Inc. ($394,370.00) and Russel Metals Inc. ($103,529.00).
Debtor
Unica Steel Inc.
Court officer
Fuller Landau
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 251 casesas of appointment of the Receiver (December 9, 2025) — General Security Agreement providing security interests in all assets of the Company, registered August 28, 2023 — Stated as a floor: 'The Debtor owes BDC over $506,000 prior to the appointment of the Receiver.' No security opinion/review completed by Receiver's counsel as of date of notice. Receiver expects BDC will suffer a shortfall. — debtor: Unica Steel Inc. | $506K | section 245 and 246 report |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans| Date | Document | File |
|---|---|---|
section 245 and 246 report
| PDF · Subscribers | |
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CiteProceedings., “Unica Steel Inc.” (Insolvency proceeding (type unspecified)). Retrieved 5 November 2026, https://proceedings.ca/case/unica-steel-inc