1170689 Alberta Ltd. filed an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on October 26, 2023, at 09:17, with Grant Thornton Limited acting as trustee (court file no. 25-3002216, Alberta). A Statement of Affairs reported total liabilities of $3,720,865.73 against total assets of $2,235,065.00, a deficiency of $1,485,800.73. The Bank of Nova Scotia's claim of $3,422,091.76 is secured against accounts receivable and cash on hand, with a $1,187,027.76 shortfall reported as unsecured; the Canada Revenue Agency is owed $146,056.94 in deemed-trust claims and FIRST Insurance Funding $48,790.75. The matter remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The Company has ceased active operations and has no physical premises; its remaining cash and receivables are being collected and controlled by the Receiver, with no anticipated realizations for the estate as all assets are subject to BNS's security.
Source: Trustee's Preliminary Report to Creditors dated November 14, 2023
Certificate of Appointment dated October 26, 2023.pdf was filed. Court file 25-3002216.
Source: Certificate of Appointment dated October 26, 2023.pdf
Debtor
1170689 Alberta Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies (832119143RP0001) · in 87 casesCash on Hand - Cash in Bank - Cash — Deemed trust class — debtor: 1170689 Alberta Ltd. · as of 24 Oct 2023 | $1 | Creditors Package dated October 26, 2023.pdf |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
39 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansAs at ·
Cash on hand
$1.55M
As at 26 Oct 2023Trustee's Preliminary Report to Creditors dated November 14, 2023
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors dated November 14, 2023
| PDF · Subscribers | |
Certificate of Appointment dated October 26, 2023.pdf
| PDF · Subscribers | |
Creditors Package dated October 26, 2023.pdf
| PDF · Subscribers | |
Proof of Claim Form.pdf
| 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., “1170689 Alberta Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/1170689-alberta-ltd
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/1170689-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.