24 September 2013
NS Studios goes defunct
TORONTO—NS Studios declared bankruptcy Aug. 30 and entered receivership. Duff & Phelps Canada Restructuring is the appointed trustee.

Creditors had their first meeting Sept. 23. According to information from the Office of the Superintendent of Bankruptcy Canada, declared liabilities total $1,413,334 while assets are valued at $510,000.

The NS Studios facility at 1160 Bellamy Road North in Toronto

A Duff & Phelps document lists more than 40 unsecured creditors with combined claims totalling $131,467.90. A sole secured creditor is also listed, with a claim of $510,000.

NS Studios began business in 1972 and specialized in POP print, display and fixture manufacturing. Its offerings included in-house screen printing, digital printing and lamination, as well as litho prepared by NS and outsourced to alliance partners. Phone calls and emails to the company were not returned.
1. Lithos says:
27 September 2013 at 10:57 AM
Another bites the dust. I guess the alliance partners get stuck.
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