1069416 Alberta Ltd. and 715601 Alberta Ltd. were assigned into bankruptcy on July 30, 2021, with Grant Thornton Limited, previously receiver of 1069416 Alberta Ltd., appointed trustee in bankruptcy under section 49 of the Bankruptcy and Insolvency Act. The Statement of Affairs for 1069416 Alberta Ltd., excluding its subsidiaries MVM Machining (Texas) LP, KEI Inc. and Stoney Trail Sports Ltd., which are being wound up separately by management, reported total liabilities of $5,022,559.53 against assets of $849,796.00, a deficiency of $4,172,763.53. BDC Capital Inc. is the primary secured creditor, with a claim of $3,799,652.00 reduced to a balance of $3,020,150.29 after estimated security value; Royal Bank of Canada's indebtedness was settled in full by interim distributions in the prior receivership. Unsecured creditors under List A total $1,152,607.24 across 172 creditors.
The officer filed a report. The company ceased operations and laid off all employees prior to a private receivership appointment; the Receiver liquidated its assets and made interim distributions, and it was subsequently assigned into bankruptcy with the Receiver also acting as Trustee.
1 earlier update, back to 30 July 2021 — subscribers.
Debtor
1069416 Alberta Ltd and 715601 Alberta Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | BDC Capital Inc · in 3 casesDebts Due - Business - Accounts Receivable ($18,017); Debts Due - Business - Intercompany & Investments ($1,000); Cash on Hand - Cash in Bank ($760,484.71) — Balance of claim $3,020,150.29 after estimated value of security applied; described in Trustee's Report as 'primary secured creditor' — debtor: 1069416 Alberta Ltd. · as of 30 Jul 2021 | $3.8M | Tabled Documents |
Unsecured creditors: no distribution. BDC Capital Inc. short.EstimatedTrustee's Preliminary Report · 17 Aug 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredBDC's secured claim | BDC Capital Inc. | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report · 17 Aug 2021 |
| Unsecured | 106's unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 17 Aug 2021 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$831K
As at 17 Aug 2021Trustee's Preliminary Report dated August 17, 2021
| Date | Document | File |
|---|---|---|
Tabled Documents
| PDF · Subscribers | |
Trustee's Preliminary Report dated August 17, 2021
| PDF · Subscribers | |
| Creditor Package dated August 3, 2021 | PDF · Subscribers | |
Certificate of Appointment dated July 30, 2021
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1069416 Alberta Ltd and 715601 Alberta Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/1069416-alberta-ltd-and-715601-alberta-ltd
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/1069416-alberta-ltd-and-715601-alberta-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.