11959093 Canada Inc.
Follow- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 31-3373757
11959093 Canada Inc. has filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act, and the proceeding remains active. The Form 33 list of creditors filed with the notice, stated as of May 15, 2026, records unsecured claims of $250 or more. The largest are two separate entries for DUCA Financial Services Credit Union Ltd. of $997,000 and $40,000, neither shown as secured in the document, and $450,000 owed to Sharon Narainie. Three further claims are flagged as possible related-party debts: $237,500 to Elise Riley, $230,700 to Brendan Riley, who signed the notice of intention for the debtor, and $204,219 to Riley Real Estate Ventures, listed at Brendan Riley's personal address.
A claims procedure has been established — see the order for deadlines.
Certificate of Filing of a Notice of Intention to Make a Proposal – Dated May 15, 2026 was filed. Court file 31-3373757.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal – Dated May 15, 2026
2 earlier updates, back to 15 May 2026 — subscribers.
Debtor
11959093 Canada Inc.
Proposal trustee
Bricks Damiani
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | DUCA Financial Services Credit Union Ltd. · in 17 casesas of May 15, 2026 — Second, separate claim from same creditor; document does not indicate security — debtor: 11959093 Canada Inc. | $997K | NOI Notice to Creditors – Dated May 19, 2026 |
Unsecured creditors: a distribution.Under the planNotice of Proposal to Creditors Package · 26 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planper the proposal trustee | Notice of Proposal to Creditors Package · 26 May 2026 |
| Unsecured | — | — | a distribution | Under the planper the proposal trustee | Notice of Proposal to Creditors Package · 26 May 2026 |
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
| Date | Document | File |
|---|---|---|
Notice of Proposal to Creditors Package – Dated May 26, 2026
| PDF · Subscribers | |
NOI Notice to Creditors – Dated May 19, 2026
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal – Dated May 15, 2026
| PDF · Subscribers | |
Proof of Claim Form
| PDF · Subscribers | |
Voting Letter Form
| 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., “11959093 Canada Inc.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/11959093-canada-inc