New Brunswick · Proposal
Bankruptcy Creditor's Package
Notice to creditors · 24 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing26 verified
- financial positionnote: Deficiency of $1,441,362.61 (total assets $431,500.00 less total liabilities $1,872,862.61); liabilities comprise secured creditors $431,500.00, preferred creditors $0.00, and unsecured creditors $1,441,362.61 · page: 4 · as at: 2026-03-19 · basis: Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · scope: LG Projects Ltd. (single entity) · currency: CAD · total assets: 431500 · total liabilities: 1872862.61
- secured creditorsnote: Same debt also has an unsecured portion of $687,987.18 (bifurcated secured/unsecured claim); source-deduction liability is a CRA deemed-trust class claim · page: 6 · as of: 2025-04-29 · amount: 263427 · debtor: LG Projects Ltd. · creditor: CRA - Tax - Atlantic · currency: CAD · security: Assets #1301 (business receivables), #801, #807-812 listed as security for employee source deductions
- secured creditorspage: 6 · as of: 2021-05-14 · amount: 4573 · debtor: LG Projects Ltd. · creditor: Ford Credit Canada · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #801)
- secured creditorsnote: Same claim also has unsecured portion of $32,675.00 (bifurcated secured/unsecured by security valuation) · page: 6 · as of: 2024-02-02 · amount: 60000 · debtor: LG Projects Ltd. · creditor: Ford Credit Canada · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #803)
- unsecured creditorsnote: Unsecured portion of vehicle loan, bifurcated with $60,000.00 secured portion of same claim (asset #803) · page: 6 · as of: 2024-02-02 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 32675 · debtor: LG Projects Ltd. · creditor: Ford Credit Canada · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 2660 · debtor: LG Projects Ltd. · creditor: Broadway Place Ltd · currency: CAD
- unsecured creditorsnote: Unsecured portion of source-deduction liability, bifurcated with $263,427.00 secured portion of same debt; deemed-trust class claim (payroll source deductions) · page: 6 · as of: 2025-04-29 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 687987.18 · debtor: LG Projects Ltd. · creditor: CRA - Tax - Atlantic · currency: CAD
- unsecured creditorsnote: HST/sales tax liability; deemed-trust class claim · page: 6 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 554841 · debtor: LG Projects Ltd. · creditor: CRA - Tax - Atlantic · currency: CAD
- unsecured creditorsnote: Enterprise Rent-A-Car · page: 6 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 19179 · debtor: LG Projects Ltd. · creditor: Creditax Ontario Limited · currency: CAD
- unsecured creditorsnote: Scotiabank CEBA loan · page: 6 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 63444 · debtor: LG Projects Ltd. · creditor: Export Development Canada · currency: CAD
- secured creditorsnote: Same claim also has unsecured portion of $23,125.00 (bifurcated secured/unsecured) · page: 7 · as of: 2024-06-20 · amount: 22500 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #804)
- secured creditorsnote: Same claim also has unsecured portion of $15,870.00 (bifurcated secured/unsecured) · page: 7 · as of: 2024-08-22 · amount: 27500 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #805)
- unsecured creditorsnote: Accounts payable; individual creditor · page: 7 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 1 · debtor: LG Projects Ltd. · creditor: Hamid Tamjidi · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-04-29 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 1 · debtor: LG Projects Ltd. · creditor: Journey Capital (Ondeck Capital Canada Inc.) · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 6038 · debtor: LG Projects Ltd. · creditor: MacMillan, Lawrence & Lawrence · currency: CAD
- unsecured creditorsnote: Worker's compensation levy · page: 7 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 1013 · debtor: LG Projects Ltd. · creditor: Saskatchewan Workers' Compensation Board · currency: CAD
- unsecured creditorsnote: Unsecured portion of vehicle loan, bifurcated with $22,500.00 secured portion of same claim (asset #804) · page: 7 · as of: 2024-06-20 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 23125 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD
- unsecured creditorsnote: Unsecured portion of vehicle loan, bifurcated with $27,500.00 secured portion of same claim (asset #805) · page: 7 · as of: 2024-08-22 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 15870 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 2328.43 · debtor: LG Projects Ltd. · creditor: Rogers Communications Canada Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 2000 · debtor: LG Projects Ltd. · creditor: Sun Life Financial · currency: CAD
- secured creditorsnote: Same claim also has unsecured portion of $22,184.00 (bifurcated secured/unsecured) · page: 8 · as of: 2022-02-24 · amount: 42000 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #806)
- secured creditorsnote: Same claim also has unsecured portion of $7,783.00 (bifurcated secured/unsecured) · page: 8 · as of: 2022-08-22 · amount: 11500 · debtor: LG Projects Ltd. · creditor: Yamaha Motor Canada Ltd. · currency: CAD · security: Chattel mortgage/movable hypothec on vehicle (asset #802)
- unsecured creditorsnote: Worker's compensation levy · page: 8 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 20 · debtor: LG Projects Ltd. · creditor: WCB Workers Compensation Board of Alberta · currency: CAD
- unsecured creditorsnote: Unsecured portion of vehicle loan, bifurcated with $11,500.00 secured portion of same claim (asset #802) · page: 8 · as of: 2022-08-22 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 7783 · debtor: LG Projects Ltd. · creditor: Yamaha Motor Canada Ltd. · currency: CAD
- unsecured creditorsnote: Unsecured portion of vehicle loan, bifurcated with $42,000.00 secured portion of same claim (asset #806) · page: 8 · as of: 2022-02-24 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 22184 · debtor: LG Projects Ltd. · creditor: The Bank of Nova Scotia · currency: CAD
- unsecured creditorsnote: Worker's compensation levy · page: 8 · basis: Statement of Affairs (Form 78) as stated by bankrupt/debtor · amount: 213 · debtor: LG Projects Ltd. · creditor: Workers Compensation Board of PEI · currency: CAD