Proceedings.

11959093 Canada Inc.

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Proceeding
NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
File
31-3373757
Filings held5
Last activity26 May 2026
On the record174 days
OverviewSummary updated

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.

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Case updates5 dated entries
Parties

Debtor

11959093 Canada Inc.

Proposal trustee

Bricks Damiani

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredDUCA Financial Services Credit Union Ltd. · in 19 casesas of May 15, 2026 — Second, separate claim from same creditor; document does not indicate security — debtor: 11959093 Canada Inc.$997KNOI Notice to Creditors – Dated May 19, 2026
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

13 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: a distribution.Under the planNotice of Proposal to Creditors Package · 26 May 2026

ClassCreditorClaimsRecoveryBasisSource
Preferred——paid in fullUnder the planper the proposal trusteeNotice of Proposal to Creditors Package · 26 May 2026
Unsecured——vs. in a bankruptcyUnder the planper the proposal trusteeNotice 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.

2 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents5 filings
DateDocumentFile
Notice of Proposal to Creditors Package – Dated May 26, 2026
  • Recovery outcome Entries: per plan; per liquidation_alternative; per plan; per plan · Stated on: 2026-05-26 · Table missing:
  • Financial position Subscribers
PDF · Subscribers
NOI Notice to Creditors – Dated May 19, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Filing of a Notice of Intention to Make a Proposal – Dated May 15, 2026
  • Appointee Bricks Damiani Inc.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 15 May 2026
  • Court file no 31-3373757
  • + 1 more extracted fact
PDF · Subscribers
Proof of Claim Form
  • Appointee Bricks Damiani Inc.
  • Appointee role trustee
  • Commencement date 15 May 2026
  • Court file no 31-3373757
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 4 November 2026, https://proceedings.ca/case/11959093-canada-inc

Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/11959093-canada-inc

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.