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 filing57 verified
- financial positionnote: Deficiency of $6,465,192.12 stated on the face of the Statement of Affairs; unsecured creditors per List A total $1,024,998.88 with balance of secured claims of $5,646,183.28 also reflected in total unsecured creditors line of $6,671,182.16; preferred creditors (List C) total $38,009.96; contingent/other liabilities (List D) nil. · page: 2 · as at: 2021-07-29 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer, sworn 2021-08-09 · scope: North American Steel Erectors Inc. (entity level) · currency: CAD · total assets: 768410.03 · total liabilities: 7233602.15
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1695.75 · debtor: North American Steel Erectors Inc. · creditor: FTF Inspections · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 31671.34 · debtor: North American Steel Erectors Inc. · creditor: Mabbott & Company · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1930.3 · debtor: North American Steel Erectors Inc. · creditor: Livingston · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2033.17 · debtor: North American Steel Erectors Inc. · creditor: Kerry Industrial Supplies · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 5198 · debtor: North American Steel Erectors Inc. · creditor: Harbourside Engineering · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 195212.32 · debtor: North American Steel Erectors Inc. · creditor: Gordon Spalding · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 14142.37 · debtor: North American Steel Erectors Inc. · creditor: Glaholt LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 761.25 · debtor: North American Steel Erectors Inc. · creditor: Acuren Group Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 296.8 · debtor: North American Steel Erectors Inc. · creditor: Anchor Product · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1724.63 · debtor: North American Steel Erectors Inc. · creditor: Big Hill Towing · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 343.35 · debtor: North American Steel Erectors Inc. · creditor: Bighill Electrical Service (935660 Alberta Ltd.) · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 172657.52 · debtor: North American Steel Erectors Inc. · creditor: Ford Credit Canada Company · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3032.65 · debtor: North American Steel Erectors Inc. · creditor: Brafasco/CTF Supply Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 23979.62 · debtor: North American Steel Erectors Inc. · creditor: Chapel Steel · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 175771.73 · debtor: North American Steel Erectors Inc. · creditor: Collins Steel · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance; deemed trust class · page: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim after applying secured value) · amount: 654128.79 · debtor: North American Steel Erectors Inc. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2294.25 · debtor: North American Steel Erectors Inc. · creditor: CWB Group · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 17897.92 · debtor: North American Steel Erectors Inc. · creditor: Daam Galvanizing Edmonton Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 52.75 · debtor: North American Steel Erectors Inc. · creditor: Dan B. Ramsay Professional Corporation · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3540.6 · debtor: North American Steel Erectors Inc. · creditor: Elander Inspections Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1864.5 · debtor: North American Steel Erectors Inc. · creditor: Equipment Corps Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2696.4 · debtor: North American Steel Erectors Inc. · creditor: Fabco Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 27736.18 · debtor: North American Steel Erectors Inc. · creditor: Borden Ladner Gervais LLP - Calgary · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance; related party (individual signing officer) · page: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 476230.15 · debtor: North American Steel Erectors Inc. · creditor: Steeve Toupin · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 14582.65 · debtor: North American Steel Erectors Inc. · creditor: Scarboro Steel Works Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 39508.67 · debtor: North American Steel Erectors Inc. · creditor: Mammoet · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 164675.35 · debtor: North American Steel Erectors Inc. · creditor: Metal Perreault · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 28161.06 · debtor: North American Steel Erectors Inc. · creditor: Modern Crane · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 13459.43 · debtor: North American Steel Erectors Inc. · creditor: Nortech Advanced NDT · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1275.88 · debtor: North American Steel Erectors Inc. · creditor: Park Derochie · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 1 · debtor: North American Steel Erectors Inc. · creditor: Pioneer West Acceptance Corporation · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 85409.23 · debtor: North American Steel Erectors Inc. · creditor: Rangeland Truck & Crane Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 318954.73 · debtor: North American Steel Erectors Inc. · creditor: Receiver General for Canada · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 2375100 · debtor: North American Steel Erectors Inc. · creditor: Roynat Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2453.7 · debtor: North American Steel Erectors Inc. · creditor: Scafoam Canada · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 1772852.5 · debtor: North American Steel Erectors Inc. · creditor: The Bank of Nova Scotia · currency: CAD
- unsecured creditorsnote: Also listed as secured creditor with same balance · page: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer (balance of claim) · amount: 1 · debtor: North American Steel Erectors Inc. · creditor: Trisura Guarantee Insurance Company · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 31308.9 · debtor: North American Steel Erectors Inc. · creditor: Varsteel Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 5193.67 · debtor: North American Steel Erectors Inc. · creditor: Vulcraft Canada Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2021-07-29 · basis: List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1352.05 · debtor: North American Steel Erectors Inc. · creditor: W.J. Miller Ltd. · currency: CAD
- secured creditorspage: 5 · as of: 2021-07-29 · amount: 1 · debtor: North American Steel Erectors Inc. · creditor: Trisura Guarantee Insurance Company · currency: CAD
- secured creditorspage: 5 · as of: 2021-07-29 · amount: 1772852.5 · debtor: North American Steel Erectors Inc. · creditor: The Bank of Nova Scotia · currency: CAD
- secured creditorsnote: Related party (bankrupt/officer of the company, per Statement of Affairs signatory) · page: 5 · as of: 2021-07-29 · amount: 476230.15 · debtor: North American Steel Erectors Inc. · creditor: Steeve Toupin · currency: CAD
- secured creditorspage: 5 · as of: 2021-07-29 · amount: 195212.32 · debtor: North American Steel Erectors Inc. · creditor: Gordon Spalding · currency: CAD
- secured creditorspage: 5 · as of: 2021-07-29 · amount: 2375100 · debtor: North American Steel Erectors Inc. · creditor: Roynat Inc. · currency: CAD
- secured creditorsnote: No security value estimated; full amount shown as balance of claim · page: 5 · as of: 2021-07-29 · amount: 172657.52 · debtor: North American Steel Erectors Inc. · creditor: Ford Credit Canada Company · currency: CAD
- secured creditorsnote: Claim of $1,178,538.82 stated with estimated security value of $524,410.03 (per List B totals), leaving balance of claim of $654,128.79; deemed trust class (CRA) · page: 5 · as of: 2021-07-29 · amount: 654128.79 · debtor: North American Steel Erectors Inc. · creditor: CRA - Tax - Prairies · currency: CAD · security: Cash on Hand - Cash in bank (Bank of Nova Scotia) $314,410.03; Machinery, equipment and plant $200,000.00; Furniture $10,000.00; Debts Due - Business (2127712 Alberta Ltd., Gregg Distributors LP, PCL Constructors Canada Inc.) $0.00 each
- secured creditorspage: 5 · as of: 2021-07-29 · amount: 1 · debtor: North American Steel Erectors Inc. · creditor: Pioneer West Acceptance Corporation · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 2914.8 · debtor: North American Steel Erectors Inc. · creditor: Don Fortin · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 1346.15 · debtor: North American Steel Erectors Inc. · creditor: Katherine P. King · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 1538.46 · debtor: North American Steel Erectors Inc. · creditor: Manashi Goswami · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 2884.62 · debtor: North American Steel Erectors Inc. · creditor: Scott Cameron · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 2691.31 · debtor: North American Steel Erectors Inc. · creditor: Shane Unrau · currency: CAD
- unsecured creditorsnote: Preferred claim; related party (per related party loan owed by this entity to bankrupt, per List E) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 22500 · debtor: North American Steel Erectors Inc. · creditor: 2127712 Alberta Ltd. · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 1250 · debtor: North American Steel Erectors Inc. · creditor: Chris Tarry · currency: CAD
- unsecured creditorsnote: Preferred claim (wages) · page: 6 · as of: 2021-07-29 · basis: List C - Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 2884.62 · debtor: North American Steel Erectors Inc. · creditor: Harry Cacciotti · currency: CAD