Home Solutions Corporation

Home Solutions Corporation, a Calgary, Alberta based manufacturer of materials for closets and glassware for commercial and residential clients in the construction industry, filed an assignment in bankruptcy on May 20, listing approximately $16.1 million in liabilities, including approximately $9.2 million to Private Debt Partners Senior Opportunities Fund and approximately $2.2 million to TD Bank. Private Debt Partners issued a section 244 notice on May 5, followed by TD Bank on May 6. Prior to that time, the company was experience significant cash flow restraints and was unable to meet its obligations generally. MNP is the bankruptcy trustee. Counsel is McMillan for the bankruptcy trustee.