1057902 Alberta Inc. o/a Paramount Builders & Design
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 24-2901777
1057902 Alberta Inc., which carried on business as Paramount Builders & Design, entered bankruptcy on January 17, 2023 under the Bankruptcy and Insolvency Act. The estate is administered in Alberta under court file number 24-2901777, and the proceeding remains active.
A claims procedure has been established — see the order for deadlines.
A claims process was approved, establishing the mechanism for creditors to assert claims; it is dated to the January 17, 2023 commencement of the proceedings.
Source: Blank Proof of Claim
The court officer filed a report fixing the commencement of the proceedings precisely at 08:32 on January 17, 2023.
Source: Certificate of Appointment
Debtor
1057902 Alberta Inc. o/a Paramount Builders & Design
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies (Canada Revenue Agency) · in 86 casesList 'D' contingent/trust liability, nature of liability stated as 'DEEMED TRUST CLAIM'; amount expected to rank for dividend $0.00. Deemed-trust class ranks ahead of ordinary security. CRA also has a separate unsecured claim of $211,299.00 in List 'A' (entry #4) - do not double-count. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $388K | Creditor Notice Package |
| 4 | Secured | Summit Credit Corporation · in 2 casesMotor Vehicles - Automobile - 2020 - Skid Steer 324G; Other - Kage 8' Plow Blade; Other - 84" Snow Bucket. Estimated value of security $3.00 ($1.00 each item). — List 'B' secured creditor (Form 78). Unsecured shortfall (balance of claim) of $89,880.49 is separately listed in List 'A' as entry #5 (Summit Credit Corporation) - do not double-count. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $89.9K | Creditor Notice Package |
| 4 | Secured | TFG Financial Corp.Motor Vehicles - Automobile - 2019 - BES Max - UPD1116, VIN 2BYDP3CB8KR000358 (estimated value $1.00) — List 'B' secured creditor (Form 78). Amount of claim stated as $1.00 (nominal); no unsecured balance of claim. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $1 | Creditor Notice Package |
| 4 | Secured | Admiralty Leasing Inc.Motor Vehicles - Automobile - 2021 - 2.0 Yard Spreader (estimated value $1.00); Motor Vehicles - Automobile - 2021 - Wide Out Plow (estimated value $0.00, estimated surplus $1.00) — List 'B' secured creditor (Form 78). Amount of claim stated as $1.00 (nominal); no unsecured balance of claim. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $1 | Creditor Notice Package |
| 8 | Unsecured | CRA - Tax - Prairies (Canada Revenue Agency) · in 86 casesCRA also has a separate $388,287.00 deemed-trust claim in List 'D' (recorded as a priority/secured entry) - do not double-count. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $211K | Creditor Notice Package |
| 8 | Unsecured | Summit Credit Corporation · in 2 casesUnsecured shortfall (balance of claim) of Summit Credit Corporation's secured claim in List 'B' - do not double-count with the secured entry (total claim $89,883.49). — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $89.9K | Creditor Notice Package |
| 8 | Unsecured | BMO Financial Group c/o BankruptcyHighway.com (Attn: Mike Timko) · in 24 casesCERB Loan. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $60K | Creditor Notice Package |
| 8 | Unsecured | Tax and Revenue Administration (Attn: Colleen Adair, Alberta Finance and Enterprise) · in 10 casesAlberta Tax and Revenue Administration. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $28K | Creditor Notice Package |
| 8 | Unsecured | BMO Mastercard c/o BankruptcyHighway.com (Attn: Mike Timko) · in 9 casesdebtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $6K | Creditor Notice Package |
| 8 | Unsecured | CLE Capital Inc. · in 18 casesListed under 'Balance of claim' column at $1.00 (unsecured shortfall of a secured claim); unsecured claim column $0.00. — debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · as of 10 Jan 2023 | $1 | Creditor Notice Package |
As at 10 Jan 2023 · per Statement of Affairs (Business Bankruptcy), Form 78, as stated and estimated by the officer (sworn) · 1057902 Alberta Inc. o/a Paramount Builders & Design (single entity) — Deficiency $761,966.49; Surplus NIL. Liabilities per cover: unsecured creditors per List A $305,299.00 + balance of secured claims per List B $89,881.49 = total unsecured $395,180.49; secured creditors per List B $5.00; preferred creditors per List C $0.00 (none); contingent/trust claims per List D $388,287.00 (CRA deemed trust). Date/time of bankruptcy per certificate January 17, 2023, 08:32; form states affairs as at January 10, 2023.
| Date | Document | File |
|---|---|---|
Creditor Notice Package
| ||
Blank Proof of Claim
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1057902 Alberta Inc. o/a Paramount Builders & Design” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/1057902-alberta-inc-oa-paramount-builders-and-desigen