Yorkton Plumbing & Heating Ltd

Yorkton Plumbing & Heating Ltd was placed into bankruptcy on February 6, 2024 on the application of Cornerstone Credit Union, with MNP Ltd. appointed trustee. The bankruptcy order was made under paragraph 42(1)(j) of the Bankruptcy and Insolvency Act in the Court of King's Bench for Saskatchewan in Bankruptcy and Insolvency, file BKY-RG-00017-2024. The trustee's Statement of Affairs (Form 78), as at the bankruptcy date, reports no assets against liabilities of $3,051,953.45, all unsecured, leaving a deficiency in that amount, with nil secured, preferred and contingent or trust claims. The unsecured claims comprise Cornerstone Credit Union at $287,418.45, stated in the bankruptcy order as at September 8, 2023, and Canada Revenue Agency claims of $1,651,314.43 in unremitted employee source deductions and $1,113,221.99 in unremitted GST, each as at May 31, 2023. The proceeding remains active.