Alberta · Bankruptcy
Creditor Package - Canadian Precision Coatings Inc.
Meeting materials · 2 June 2026
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What we verified from this filing38 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roletrustee
- commencement date1 June 2026
- court file no25-3380645
- proceeding typebia_bankruptcy
- provinceAlberta
- statutory basisSubsection 102(1) of the Act
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Form states Secured creditors: $0.00 (no secured creditors reported) and shows a deficiency of $259,527.36 (liabilities exceeding assets); a corresponding 'Surplus' figure of $259,527.36 appears on the liabilities side of the summary table, representing the same shortfall stated from each side of the balance. · page: 3 · as at: 2026-06-01 · basis: Statement of Affairs (Form 78) as sworn/declared by bankrupt's representative (Asif Bacchus) · scope: Canadian Precision Coatings Inc. (single entity) · currency: CAD · total assets: 85317.57 · total liabilities: 344844.93
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 65027.43 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 19101.24 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 25944.2 · debtor: Canadian Precision Coatings Inc. · creditor: A.B. Warehouse Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: ARM Collection Agency · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: ATB Financial - Asset Management · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: ATB Financial - Mastercard Recoveries · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: Bison Credit Solutions · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 6352.6 · debtor: Canadian Precision Coatings Inc. · creditor: Blueprint Paper Services Inc. · currency: CAD
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 57143.85 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Bank loan (except real property mortgage) (one of several BDC claims listed separately) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 39010 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 63325.57 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 7227.21 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 13363.37 · debtor: Canadian Precision Coatings Inc. · creditor: Capella Solutions Inc. · currency: CAD
- unsecured creditorsnote: Corporate taxes (listed twice on the SOA) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorsnote: Finance company loan (one of several BDC claims listed separately) · page: 6 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 30922.63 · debtor: Canadian Precision Coatings Inc. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Accounts payable (listed twice) · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 308.58 · debtor: Canadian Precision Coatings Inc. · creditor: Enmax · currency: CAD
- unsecured creditorsnote: Corporate taxes (second listing) · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 197.09 · debtor: Canadian Precision Coatings Inc. · creditor: Direct Energy Regulated Services · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 2351.56 · debtor: Canadian Precision Coatings Inc. · creditor: Dream DCI (AB) Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable (second listing) · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 70.38 · debtor: Canadian Precision Coatings Inc. · creditor: Enmax · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: Gatestone & Co. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 1 · debtor: Canadian Precision Coatings Inc. · creditor: Groupecho Canada Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 448.66 · debtor: Canadian Precision Coatings Inc. · creditor: Intact Insurance · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 504.73 · debtor: Canadian Precision Coatings Inc. · creditor: Telus Residential/Business Services (IMS) · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 680.4 · debtor: Canadian Precision Coatings Inc. · creditor: Steiner Industries · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 537.85 · debtor: Canadian Precision Coatings Inc. · creditor: Rogers Communications / CBV Collection · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 3279.47 · debtor: Canadian Precision Coatings Inc. · creditor: RBL Products, Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-01 · basis: Statement of Affairs (Form 78) - List of Liabilities as sworn by bankrupt/debtor · amount: 9040.11 · debtor: Canadian Precision Coatings Inc. · creditor: Pro Form Products Limited · currency: CAD
- secured creditors