1551875 Ontario Inc. o/a Brosco Excavating (the “Company”) specialized in concrete levelling, concrete finishing, drainage and waterproofing. The Company struggled since 2019 when it changed its business model to drop its commercial customers and focus on residential. At the time a new project estimator was hired who misquoted several jobs, resulting in losses. There were many job delays at the ousted of the Covid-19 pandemic which...

10643513 Canada Inc. filed an assignment in bankruptcy on April 21, 2022 and MNP Ltd. was named as Trustee to the file.

Effective April 7, 2022, the Court of Queen’s Bench of Alberta appointed MNP Ltd. as Receiver of the current and future assets, undertakings and properties of Symphony Condominium Ltd. Publicly available information regarding the Receivership proceedings is available below.

Quality Fertilizers Inc. (the “Company”) was a producer of agricultural fertilizer. It dealt in various products including organic fertilizer, grass seeds and soil amendments. In 2019 it was uncovered that several hundred thousand dollars were stolen in an employee fraud. The fraud resulted in significant arrears owing to suppliers and the Canada Revenue Agency for unremitted HST and source deductions. The business was shut down in...

Effenco Development Inc. filed an assignment in bankruptcy on April 6, 2022 and MNP Ltd. was named as Trustee to the file.

CLL Capital Corp., 3MK Energy Services Inc., and Last Chance Trucking Ltd. (the “Companies”) filed a Notice of Intention to Make a Proposal on April 21, 2022 and MNP Ltd. was appointed as Trustee of the Companies’ proposal proceedings. The Companies provided heavy equipment rentals, trucking services, general oilfield construction and temporary portable water storage tanks to companies in the oil and gas and forestry industries. ...

As a result of the restrictions place on restaurants due to COVID-19 and the sister location which operated in the Ottawa downtown core, 997177 Canada Inc. O/A Fusion Yunnan Inc., ceased operations in 2021 with no plans to resume operations. The assets of the company were sold and used to satisfy the majority of the creditors including federal financial assistance provided to businesses during COVID restrictions.

9261-5319 Québec Inc. (Quartier Victoria) filed a Notice of Intention to File a Proposal on April 12, 2022 and MNP Ltd. has consented to act as Trustee under the proposal.

Tri-S Industries (the “Company”) manufactured, installed, and serviced custom gates and partitions for retail store fronts, building perimeter doors, internal doors and traffic openings. The Company was not been profitable for several years due to increased competition across the country. The Covid related lockdowns resulted in further sales decline and financial hardship as traditional customers had to shut their stores. Management...

Overview On April 1, 2022, 0989705 B.C. Ltd., Alderbridge Way GP Ltd., and Alderbridge Way Limited Partnership (collectively, “Alderbridge”), were granted an initial order (the “Initial Order”) to commence proceedings (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). Pursuant to the Initial Order, Alvarez & Marsal Canada...