Quebec · NOI
Notice of bankruptcy and first meeting of creditors
Notice to creditors · 29 June 2026
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 filing1 verified
- financial positionnote: Assets consist entirely of accounts receivable of $13,558,076.00 (total value and estimated realizable amount); cash, bank deposits, inventory, machinery, real property, vehicles and all other asset lines are stated as 0.00. Liabilities per the form: secured creditors $12,528,706.15; preferred creditors/priority charges 0.00; unsecured creditors $16,985,589.26; contingent/trust claims 0.00. Stated deficiency: -15,956,219.41 (the form's own label for the line immediately below 'Surplus' reads 'Déficit' on the asset side). Reason for financial difficulty ticked: adverse market conditions. Figures are the debtor's estimates, with no trustee disagreement noted. · as at: 2026-06-22 · basis: Form 78 bankruptcy statement of affairs: assets and liabilities "tel que déclaré et estimé par le failli ou le débiteur" (debtor's own estimate), as at the date of bankruptcy · scope: Single entity: Excavation National Inc. (corporate bankrupt), not consolidated · currency: CAD · total assets: 13558076 · total liabilities: 29514295.41