2164705 Ontario Inc. o/a Sitescape, NOI

2164705 Ontario Inc. o/a Sitescape, a Beeton, Ontario-based construction landscaping company specializing in the industry/commercial/institutional sector, filed an NOI on September 8, listing $8.8 million in liabilities, including over $1.6 million to the former owner and founder of the company, Rick Szolopiak (and Cheryl Szolopiak), and over $1.3 million to Desjardins Credit Union. The company’s operations were adversely affected by increasing expenses, fixed-price contracts that were no longer financially viable, and an outstanding payment owing to the company on its largest project. Fuller Landau is the proposal trustee. Counsel is Reconstruct for the proposal trustee, Torkin Manes for the company and Harrison Pensa for Desjardins.

By: Dina Milivojevic