Newfoundland and Labrador · Bankruptcy

Creditor's Package

Meeting materials · 23 July 2020

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appointeeMNP Ltd.
appointee roleLicensed Insolvency Trustees
commencement date17 October 2019
court file no22995
financial positionnote: Total liabilities $2,454,181.55 = secured creditors per List B (secured portion) $948,626.00 + unsecured per List A $1,416,763.34 + balance of secured claims per List B (unsecured shortfalls) $88,792.21 + preferred (List C) $0.00 + contingent/trust (List D) $0.00. Deficiency $1,520,555.55; Surplus NIL. List B total amount of claim is $1,037,418.21 (of which $948,626.00 covered by security). Total unsecured (List A total-claim column) $1,505,555.55. Proposal filed 13-Feb-2020; per the form the state is as of the proposal/NOI filing (17-Oct-2019 noted on the form); proposal refused by creditors at the meeting on 15-Jul-2020, debtor deemed to have made an assignment (date of bankruptcy 15-Jul-2020). Assets: inventory $150,000; A/R $411,000; machinery/equipment/plant $328,375; real property $1.00; vehicles $31,750; other property $12,500. · page: 2 · as at: 2020-02-13 · basis: Form 78 Statement of Affairs (Business Proposal made by an entity), as stated and estimated by the officer; sworn 13-Feb-2020 · scope: Fitz's Mobile Welding Inc. (single entity) · currency: CAD · total assets: 933626 · total liabilities: 2454181.55
provinceNewfoundland and Labrador
statutory basisSubsection 49(2) and Paragraph 158(d) of the Act / Subsections 50(2) and 62(1) of the Act
unsecured creditorsnote: RT account (GST/HST) - deemed trust class; distinct from the CRA RP0001 payroll secured claim of $292,798.20 in List B entry 4 · page: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 230390.17 · debtor: Fitz's Mobile Welding Inc. · creditor: CRA - Tax - Atlantic (account 84849 6667 RT0001) · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 886.93 · debtor: Fitz's Mobile Welding Inc. · creditor: Conception Bay Auto & Tire Centre Litd. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 460 · debtor: Fitz's Mobile Welding Inc. · creditor: A-1 Detailing and Engineering Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 7955.73 · debtor: Fitz's Mobile Welding Inc. · creditor: Acier CMC Steel/Crawfords (Montreal) · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 49031.29 · debtor: Fitz's Mobile Welding Inc. · creditor: ACOA Atlantic Canada Op. Agency - Recovery Dept. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 2985.9 · debtor: Fitz's Mobile Welding Inc. · creditor: Acuren Group Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 16162.51 · debtor: Fitz's Mobile Welding Inc. · creditor: Air Liquide Canada Inc. - Atlantic Region · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 2952.54 · debtor: Fitz's Mobile Welding Inc. · creditor: Atl Transport Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 15779.6 · debtor: Fitz's Mobile Welding Inc. · creditor: Avalon Industrial & Marine Supply Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1428.93 · debtor: Fitz's Mobile Welding Inc. · creditor: Bell Aliant - Residential (NB, NS, PE, NL) · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 3544.25 · debtor: Fitz's Mobile Welding Inc. · creditor: Benson Buffet PLC Inc. (formerly Benson Myles) · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 403.13 · debtor: Fitz's Mobile Welding Inc. · creditor: BMS Extinguishers Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 3008.63 · debtor: Fitz's Mobile Welding Inc. · creditor: Bruce Enterprises Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 8136.25 · debtor: Fitz's Mobile Welding Inc. · creditor: C&W · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 8342.1 · debtor: Fitz's Mobile Welding Inc. · creditor: Canadian Tire Card Gas Bar · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1955 · debtor: Fitz's Mobile Welding Inc. · creditor: CB Metalworks Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 251 · debtor: Fitz's Mobile Welding Inc. · creditor: Canam Buildings and Structures · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 251 · debtor: Fitz's Mobile Welding Inc. · creditor: Canadian Springs Water Company · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 32.2 · debtor: Fitz's Mobile Welding Inc. · creditor: Fastenals Canada, LTD · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 203.55 · debtor: Fitz's Mobile Welding Inc. · creditor: ESL Marine Supplies Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1360.44 · debtor: Fitz's Mobile Welding Inc. · creditor: Dooley's Trucking · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 34.91 · debtor: Fitz's Mobile Welding Inc. · creditor: DNOW Canada ULC · currency: CAD
unsecured creditorspage: 3 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 697 · debtor: Fitz's Mobile Welding Inc. · creditor: Dallas Mercer Consulting Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 357.14 · debtor: Fitz's Mobile Welding Inc. · creditor: Modern Business Equipment Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 2800 · debtor: Fitz's Mobile Welding Inc. · creditor: Francis King · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1270.75 · debtor: Fitz's Mobile Welding Inc. · creditor: G. Hefford Boom Truck Service · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 11767.65 · debtor: Fitz's Mobile Welding Inc. · creditor: G. Pelley Ltd. · currency: CAD
unsecured creditorsnote: nominal $1.00 · page: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: Fitz's Mobile Welding Inc. · creditor: Gander Provincial Court · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 752.76 · debtor: Fitz's Mobile Welding Inc. · creditor: GFL Environmental Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 9775.02 · debtor: Fitz's Mobile Welding Inc. · creditor: Hatch Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 10621.55 · debtor: Fitz's Mobile Welding Inc. · creditor: Hilti Canada Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 452.15 · debtor: Fitz's Mobile Welding Inc. · creditor: Hr. Grace Ocean Enterprises · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 2233.3 · debtor: Fitz's Mobile Welding Inc. · creditor: Hunt's Transport Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 47500 · debtor: Fitz's Mobile Welding Inc. · creditor: Island Manufacturing & Galvanizing · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 7377.5 · debtor: Fitz's Mobile Welding Inc. · creditor: Ivan's Paint & Wallpaper · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 4887.5 · debtor: Fitz's Mobile Welding Inc. · creditor: J.W.G. Transport Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 4801.14 · debtor: Fitz's Mobile Welding Inc. · creditor: Janes Electrical Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1764.13 · debtor: Fitz's Mobile Welding Inc. · creditor: Kristen Penney · currency: CAD
unsecured creditorsnote: List A total claim $227,000.00 = $147,000.00 pure unsecured claim + $80,000.00 balance-of-claim which is the unsecured shortfall of the Land and Sea secured claim recorded in List B entry 6 (amount $80,000.00, nil security value) - cross-reference, do not double-count the $80,000.00 · page: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 227000 · debtor: Fitz's Mobile Welding Inc. · creditor: Land and Sea Welding Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 18687.5 · debtor: Fitz's Mobile Welding Inc. · creditor: MacGregor's Custom Machining Ltd. · currency: CAD
unsecured creditorsnote: nominal $1.00 · page: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: Fitz's Mobile Welding Inc. · creditor: Marco Services Limited · currency: CAD
unsecured creditorsnote: List A entry 41 is entirely a balance-of-claim: the $8,792.21 unsecured shortfall of Metalium's secured claim in List B entry 8 (amount $33,904.20, security value $25,111.99) - cross-reference, do not double-count · page: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 8792.21 · debtor: Fitz's Mobile Welding Inc. · creditor: Metalium Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 5663.75 · debtor: Fitz's Mobile Welding Inc. · creditor: Neil Tedstone · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 11.7 · debtor: Fitz's Mobile Welding Inc. · creditor: Newfoundland Power · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 10455.09 · debtor: Fitz's Mobile Welding Inc. · creditor: NL Distributors Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 11662 · debtor: Fitz's Mobile Welding Inc. · creditor: Norwest Vacation Property Rentals Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 257.4 · debtor: Fitz's Mobile Welding Inc. · creditor: Oceanex · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 49036.9 · debtor: Fitz's Mobile Welding Inc. · creditor: United Rentals of Canada Inc · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 51553.89 · debtor: Fitz's Mobile Welding Inc. · creditor: VCS Holdings Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 71080.55 · debtor: Fitz's Mobile Welding Inc. · creditor: Russel Metals Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 25205.7 · debtor: Fitz's Mobile Welding Inc. · creditor: Ryerson Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 3088.3 · debtor: Fitz's Mobile Welding Inc. · creditor: Safety First-SFC Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 32892 · debtor: Fitz's Mobile Welding Inc. · creditor: Scotiabank c/o Canaccede International Management Ltd. (Corp Visa) · currency: CAD
unsecured creditorsnote: nominal $1.00 · page: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: Fitz's Mobile Welding Inc. · creditor: Sheriff's Office - Newfoundland · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 345 · debtor: Fitz's Mobile Welding Inc. · creditor: Snowbird Contracting & Maintenance Ltd · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 5355.21 · debtor: Fitz's Mobile Welding Inc. · creditor: Source Atlantic · currency: CAD
unsecured creditorsnote: related party - loan from director (Susan Winnifred Fitzgerald is the deponent officer) · page: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 193215 · debtor: Fitz's Mobile Welding Inc. · creditor: Susan Fitzgerald (loan from director) · currency: CAD
unsecured creditorsnote: related party - director purchases/payroll · page: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 38354.93 · debtor: Fitz's Mobile Welding Inc. · creditor: Susan Fitzgerald (purchases/payroll) · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 64635.75 · debtor: Fitz's Mobile Welding Inc. · creditor: Team Industrial Services · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 46523.54 · debtor: Fitz's Mobile Welding Inc. · creditor: Techift Crane & Transport · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 731.25 · debtor: Fitz's Mobile Welding Inc. · creditor: TEI · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 2766.19 · debtor: Fitz's Mobile Welding Inc. · creditor: Telus Mobility Services · currency: CAD
unsecured creditorsnote: related party - loan from director · page: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 3700 · debtor: Fitz's Mobile Welding Inc. · creditor: Paul Fitzgerald (loan from director) · currency: CAD
unsecured creditorsnote: related party - director purchases · page: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 3213.84 · debtor: Fitz's Mobile Welding Inc. · creditor: Paul Fitzgerald (purchases) · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 458.52 · debtor: Fitz's Mobile Welding Inc. · creditor: Penney's Transport & Courier · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 24109.38 · debtor: Fitz's Mobile Welding Inc. · creditor: Pinsent Bartlett · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 4456.51 · debtor: Fitz's Mobile Welding Inc. · creditor: Praxair Canada Inc - Corporate accounts · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 230 · debtor: Fitz's Mobile Welding Inc. · creditor: Premium Waste Services Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 60000 · debtor: Fitz's Mobile Welding Inc. · creditor: Provincial Learning Centre · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 9629.47 · debtor: Fitz's Mobile Welding Inc. · creditor: Riverhead Irving · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 833.75 · debtor: Fitz's Mobile Welding Inc. · creditor: Rock Safety Industrial Ltd. · currency: CAD
unsecured creditorsnote: Bogor, West Java, Indonesia · page: 6 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 30700 · debtor: Fitz's Mobile Welding Inc. · creditor: Xsteellindo · currency: CAD
unsecured creditorspage: 6 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 5137.57 · debtor: Fitz's Mobile Welding Inc. · creditor: Vonin Canada Ltd. · currency: CAD
unsecured creditorsnote: related party - director purchases · page: 6 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 33155 · debtor: Fitz's Mobile Welding Inc. · creditor: Wayne Fitzgerald (purchases) · currency: CAD
unsecured creditorsnote: nominal $1.00; workplace safety/compensation regulator · page: 6 · as of: 2020-02-13 · basis: Statement of Affairs (Form 78) List A, as stated and estimated by the officer · amount: 1 · debtor: Fitz's Mobile Welding Inc. · creditor: WHSCC (Workplace Health, Safety and Compensation Commission of Newfoundland) · currency: CAD
secured creditorsnote: List B secured; amount is stated amount of claim; fully covered by security · page: 7 · as of: 2020-02-13 · amount: 260000 · debtor: Fitz's Mobile Welding Inc. · creditor: CBDC Trinity Conception Corporation · currency: CAD · security: Machinery - Acquired Equipment (est. value $260,000.00); other collateral categories valued $0.00; total estimated security value $260,000.00
secured creditorsnote: List B secured; amount is stated amount of claim; fully covered by security · page: 7 · as of: 2020-02-13 · amount: 208438 · debtor: Fitz's Mobile Welding Inc. · creditor: Business Development Bank of Canada - Atlantic · currency: CAD · security: Accounts receivable $118,201.80; Machinery-Equipment $50,725.00; Stock-in-Trade Inventory $21,861.20; Machinery-Acquired Equipment $17,650.00; Motor Vehicles $0.00; Hyundai 30L forklift $0.00; total estimated security value $208,438.00
secured creditorsnote: List B secured; amount is stated amount of claim; fully covered by security (no balance of claim) · page: 7 · as of: 2020-02-13 · amount: 15000 · debtor: Fitz's Mobile Welding Inc. · creditor: Blue Chip Leasing Corporation · currency: CAD · security: 2017 Cantra SD24-14K Utility Trailer (est. value $10,000.00) and 10 HP Rotary Screw Air Compressor (est. value $5,000.00); total estimated security value $15,000.00
secured creditorsnote: List B secured; nominal $1.00 amount of claim on capital-leased premises · page: 8 · as of: 2020-02-13 · amount: 1 · debtor: Fitz's Mobile Welding Inc. · creditor: Town of Harbour Grace · currency: CAD · security: Real Property/Immovable - Building and Land, 12-16 Bannerman Street, Harbour Grace (Capital Lease); est. value $1.00
secured creditorsnote: List B secured; amount is stated amount of claim; fully covered by security · page: 8 · as of: 2020-02-13 · amount: 297 · debtor: Fitz's Mobile Welding Inc. · creditor: De Lage Landen Financial Services · currency: CAD · security: Hyundai 30L Forklift w/ 6000lb lift capacity (est. value $297.00)
secured creditorsnote: List B secured; stated amount of claim $33,904.20; balance of claim (unsecured shortfall) $8,792.21 (List B cell scans as 8,732.21 but List A entry 41 and the list totals confirm $8,792.21). That shortfall is also listed as Metalium's List A entry 41 ($8,792.21) - cross-reference, do not double-count. · page: 8 · as of: 2020-02-13 · amount: 33904.2 · debtor: Fitz's Mobile Welding Inc. · creditor: Metalium Inc. · currency: CAD · security: Motor Vehicles (est. value $25,111.99); other collateral $0.00; total estimated security value $25,111.99
secured creditorsnote: List B secured; amount is stated amount of claim; fully covered by security · page: 8 · as of: 2020-02-13 · amount: 146979.81 · debtor: Fitz's Mobile Welding Inc. · creditor: Lend Loop · currency: CAD · security: Stock-in-Trade Inventory $128,138.80; Hyundai 30L forklift $12,203.00; Motor Vehicles $6,638.01; total estimated security value $146,979.81
secured creditorsnote: List B secured; stated amount of claim $80,000.00 with nil security value, so balance of claim (unsecured shortfall) $80,000.00. This $80,000.00 shortfall is also included within Land and Sea Welding's List A entry 38 total of $227,000.00 (which is $147,000.00 pure unsecured + $80,000.00 shortfall) - cross-reference, do not double-count. · page: 8 · as of: 2020-02-13 · amount: 80000 · debtor: Fitz's Mobile Welding Inc. · creditor: Land and Sea Welding Ltd. · currency: CAD · security: Business Assets - Machinery - Acquired Equipment (est. value $0.00)
secured creditorsnote: List B secured; RP payroll source-deduction account (deemed trust class); amount is stated amount of claim; fully covered by security. Distinct from the CRA RT0001 (GST/HST) unsecured claim of $230,390.17 in List A entry 18. · page: 8 · as of: 2020-02-13 · amount: 292798.2 · debtor: Fitz's Mobile Welding Inc. · creditor: CRA - Tax - Atlantic (account 84849 6667 RP0001) · currency: CAD · security: Debts Due - Accounts Receivable (est. value $292,798.20); total estimated security value $292,798.20