TORONTO—  Trade Secret Web Printing Inc. has  filed a notice of intention to make a Proposal to Creditors under the Bankruptcy and Insolvency Act. The Notice was filed by their Trustee on November 22nd . Over 70 creditors claim debts owing of over $11 million. One of the principals is listed for almost $3 million. The CRA is down for about $1.25 million. Trade Secrets has 30 days from date of notice to make a proposal to creditors. A majority of creditors attending the meeting and creditors representing two thirds of the debt have to agree to the proposal. Related creditors are not allowed to vote. Trade Secrets has both sheet fed and heat set web equipment. Trade Secrets was not available for comment.  A string of web printers in Ontario have either  closed or been sold in recent years. Including Web Offset, Ricter Web, Commercial Print-craft, Dollco Printing sale and Transcontinental's closure of the Brampton web plant.