Ontario · Bankruptcy
Affidavit of Mailing - M&G Steel
Affidavit · 29 October 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- financial positionnote: Per Form 78 Statement of Affairs: Secured creditors $918,004.00; Preferred creditors/priorities $0.00; Unsecured creditors $33,292,712.11; Contingent/trust claims or other liabilities $1.00; Total liabilities $34,210,717.11; Total assets $918,004.00; resulting deficiency of $33,292,713.11. · page: 12 · as at: 2025-10-24 · basis: as stated and estimated by bankrupt/debtor (Statement of Affairs, Form 78) · scope: entity - M & G Steel Ltd. (bankrupt corporation) · currency: CAD · total assets: 918004 · total liabilities: 34210717.11
- secured creditorsnote: Statement of Affairs (Form 78) reports total secured creditors of $918,004.00 (Line 1, Liabilities). The detailed List of Liabilities excerpt provided (entries 1-49 and 117 of what appears to be a larger list) shows all visible entries with $0.00 in the 'Secured' column except Boxx Modular LP, whose claim shows a nominal $1.00 in the Secured column (total claim $11,254.80) secured by Asset #1106 (Structural Fabrication System, PythonX PX2 480V, 2024) - a PPSA/equipment-type security. The named holder(s) of the balance of the $918,004.00 secured total are not identifiable from the pages made available (intervening liability-list entries ~50-116 were not included in the excerpt). · page: 12 · as of: 2025-10-24 · amount: 918004 · debtor: M & G Steel Ltd. · creditor: Unidentified secured creditor(s) (aggregate per Statement of Affairs) · currency: CAD