Proceedings.

1375506 Alberta Ltd.

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Proceeding
NOIBankruptcy and Insolvency Act, RSC 1985, C B-3 AS AMENDED
File
24-3232284
Filings held33
Last activity8 Jun 2026
On the record518 days
OverviewSummary updated

1375506 Alberta Ltd. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, carried on court file B303-232284. The proceeding commenced on June 8, 2026, the same day an interim order was pronounced in the matter. No judicial centre is identified on the record, and no further steps have been recorded since commencement. The proceeding remains active.

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Case updates33 dated entries
#Report

The officer filed report no. First Report. The Company sold substantially all of its assets through the court-approved SAVO transaction in October 2025, failed to file a proposal and was deemed bankrupt; it now has no ongoing operations, with the Trustee winding up the estate and proposing a distribution to creditors.

Source: First Report to Court of MNP Ltd.

#Report

The officer filed a report. The company ceased operations after selling substantially all assets to a related stalking-horse bidder (closed October 29, 2025) and was deemed bankrupt on October 30, 2025; employee obligations were assumed by the purchaser and the company had no directors at bankruptcy.

Source: Trustee's First Report to Creditors

#Sale

The court granted an approval and vesting order for the sale to Edge Innovates Inc. Closing terms, as extracted: Vesting occurs upon delivery of a Proposal Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.

Source: Order - Approval and Vesting Order

Parties

Debtor

1375506 Alberta Ltd.

Proposal trustee

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice LittleCourt of King's Bench of Alberta2 orders, Jun 202659 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeMNPMcLennan Ross LLP12 Sep 2025Application · 1 Jun 2026
Applicant1375506 Alberta Ltd.Field Law24 Jun 2025Service list · 6 Aug 2025
CreditorCorra Development and Construction IncPushor Mitchell LLP1 Jun 2026Application · 1 Jun 2026
CreditorEdge Innovations IncDolden Wallace Folick LLP1 Jun 2026Application · 1 Jun 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredSublime Stables Inc., Bill Dory, and Sandy Doryas of NOI filing date — Individuals named are personal guarantors/co-claimants alongside corporate entity — debtor: Edge Innovations Inc.$1.42MCreditor Package - Notice of Intention to Make a Proposal
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

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

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

3 transactions · 2 closed · 1 proposed — The SAVO transaction closed on October 29, 2025.First Report to Court of MNP Ltd. · 1 Jun 2026

PurchaserPriceStatusSource
Stalking Horse LOI bidder, unnamedthe assets of Edge Innovations Inc. · asset saleSubscribersProposedSupplemental Report of the Proposal Trustee
unnamedthe Stalking Horse LOI depositnot statedCloseddate not statedSupplemental Report of the Proposal Trustee
Edge Innovates Inc.Related partythe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · agreement 6 Aug 2025SubscribersClosed29 Oct 2025First Report to Court of MNP Ltd.
Closing termsVesting occurs upon delivery of a Proposal Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.Order - Approval and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: a distribution.First Report to Court of MNP Ltd. · 1 Jun 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured—provenper the trusteeFirst Report to Court of MNP Ltd. · 1 Jun 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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Fees and ratesAs stated in the filings

12 engagements · 3 firms — latest: Field LLP, 6 Aug 2025 – 6 Jun 2026, soughtAffidavit of Abiola Lamina · 5 Jun 2026

FirmPeriodHoursFeesRatesSource
Field LLPCounsel to the applicantperiod 5 of 56 Aug 2025 – 6 Jun 2026Sought—not statedAffidavit of Abiola Lamina · 5 Jun 2026
Field LLPCounsel to the applicantperiod 1 of 51 Jun – 6 Aug 2025—not statedFee Affidavit of Abiola Lamina · 6 Aug 2025
Field LLPCounsel to the applicantperiod 3 of 5——1 personAffidavit of Abiola Lamina · 5 Jun 2026
1 person — Field LLP · 3 blurred figures
NameTitleHoursRateFees
Douglas NishimuraPartner
Field LLPCounsel to the applicantperiod 3 of 5——not statedAffidavit of Abiola Lamina · 5 Jun 2026
Field LLPCounsel to the applicantperiod 3 of 5——2 peopleAffidavit of Abiola Lamina · 5 Jun 2026
2 people — Field LLP · 6 blurred figures
NameTitleHoursRateFees
Douglas NishimuraPartner
Amanda HiscockParalegal
MNP Ltd.Proposal trusteeperiod 5 of 51 Aug 2025 – 30 Apr 202612 peopleFirst Report to Court of MNP Ltd. · 1 Jun 2026
12 people — MNP Ltd., 1 Aug 2025 – 30 Apr 2026 · 24 blurred figures
NameTitleHoursRateFees
Kristin GraySenior Vice President—
Carolina BautistaSenior Consultant—
Mark ShtayManager—
Brandon BruceConsultant—
Ryan GnenzConsultant—
Comfort UcheSenior Analyst—
Isobel SmithSenior Administration—
Noah JiwaAnalyst—
Shannon M. MassaAdministration—
Melora WestmanAdministration—
Jheanel MontgomeryAdministration—
Sami HealeyAdministration—
MNP Ltd.Proposal trusteeperiod 5 of 521 Oct 2025 – 30 Apr 202611 peopleFirst Report to Court of MNP Ltd. · 1 Jun 2026
11 people — MNP Ltd., 21 Oct 2025 – 30 Apr 2026 · 33 blurred figures
NameTitleHoursRateFees
Kristin GraySenior Vice President
Carolina BautistaSenior Consultant
Mark ShtayManager
Brandon BruceConsultant
Comfort UcheSenior Analyst
Isobel SmithSenior Administration
Noah JiwaAnalyst
Shannon M. MassaSenior Administrator
Melora WestmanAdministration
Jheanel MontgomeryAdministration
Sami HealeyAdministration
MNP Ltd.Proposal trusteeperiod 3 of 51 Oct – 30 Oct 20252 peopleFirst Report to Court of MNP Ltd. · 1 Jun 2026
2 people — MNP Ltd., 1 Oct – 30 Oct 2025 · 6 blurred figures
NameTitleHoursRateFees
Kristin GraySenior Vice President
Isobel SmithExecutive Administrator
MNP Ltd.Proposal trusteeperiod 2 of 51 Aug – 31 Aug 20255 peopleFirst Report to Court of MNP Ltd. · 1 Jun 2026
5 people — MNP Ltd., 1 Aug – 31 Aug 2025 · 15 blurred figures
NameTitleHoursRateFees
Kristin GraySenior Vice President
Carolina BautistaSenior Consultant
Mark ShtayManager
Ryan GnenzConsultant
Isobel SmithExecutive Administrator
MNP Ltd.Proposal trusteeperiod 1 of 51 Jun – 30 Jun 20253 peopleSecond Report of the Proposal Trustee · 6 Aug 2025
3 people — MNP Ltd., 1 Jun – 30 Jun 2025 · 12 blurred figures
NameTitleHoursRateFees
Kristin GraySenior Vice President
Ryan GnenzConsultant
Isobel SmithSenior Administration
Time Billed—stated average
McLennan Ross LLPCounselperiod 2 of 217 Jul 2025 – 4 May 2026—not statedFirst Report to Court of MNP Ltd. · 1 Jun 2026
McLennan Ross LLPCounselperiod 1 of 29 Jun – 22 Jul 2025—not statedSecond Report of the Proposal Trustee · 6 Aug 2025

123 blurred figures above

What each firm billed, and each person’s hours and rate — 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 ·

Cumulative receipts

$366K

As at 27 May 2026First Report to Court of MNP Ltd.

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the 2 totals the debtor stated at filing

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

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Documents
33 filings
DateDocumentFile
WebEx ConfirmationPDF · Subscribers
Affidavit of Abiola Lamina
PDF · Subscribers
Affidavit of Service
  • Counsel How: operator-correction · Firm: McLennan Ross LLP · Firm party id: 137901f0-55b7-4090-84f2-c55308c36bed
PDF · Subscribers
Revised - Order (Advice and Direction and Approval of Fees and Conduct)
  • Commencement date 8 June 2026
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no B303-232284
  • Presiding officer Justice Little
PDF · Subscribers
Application (Advice and Direction and Approval of Fees and Conduct)
  • Counsel Field LLP
PDF · Subscribers
First Report to Court of MNP Ltd.
  • Closing confirmed Closed · 29 Oct 2025 · Edge Innovates Inc.
  • Cash on hand · Disbursements · Fee schedule Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Letter to Service List
  • Counsel Dolden Wallace Folick LLP
PDF · Subscribers
Order (Advice and Direction and Approval of Fees and Conduct)
  • Presiding officer Justice Little
PDF · Subscribers
Service Letter to Commercial CoordinatorPDF · Subscribers
Trustee's First Report to Creditors
  • Closing confirmed Closed · 29 Oct 2025 · Edge Innovates Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
First Meeting of Creditors Notice Package
PDF · Subscribers
Certificate of BankruptcyPDF · Subscribers
Order - Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of a Proposal Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
  • Counsel McLennan Ross LLP
  • Order date 12 September 2025
  • Purchaser Edge Innovates Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Application - Sale Approval and Various ReliefPDF · Subscribers
Order
  • Order date 11 August 2025
  • Presiding officer Justice Dunlop
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Russell DevenishPDF · Subscribers
Bench BriefPDF · Subscribers
Fee Affidavit of Abiola Lamina
PDF · Subscribers
Fee Affidavit of Kristin Gray
PDF · Subscribers
Second Report of the Proposal Trustee
  • Process results 12 solicited · 4 NDAs · 0 qualified bids · 0 bids · as of 21 Jul 2025
  • Purchaser Edge Innovates Inc. (stalking horse) · the Company's assets · asset sale · approved
  • Sale outcome Sale approved — The Stalking Horse Bid was declared the Successful Bid and the Proposal Trustee recommends Court approve the Stalking Horse Agreement
  • Fee schedule Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Service List
  • Counsel Field LLP
PDF · Subscribers
Order: Approval of Priority Charge, Stalking Horse SISP, and Stay Extension
  • Counsel Field LLP
  • Order date 24 June 2025
  • Sale outcome Sale process approved — SISP approved; stalking horse term sheet approved as stalking horse bid, subject to further Court approval if successful
  • Stalking horse Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Supplemental Report of the Proposal Trustee
  • Closing confirmed Closed · date not stated
  • Purchaser Stalking Horse LOI bidder, unnamed · the assets of Edge Innovations Inc. · asset sale · proposed
  • Sale outcome Approval pending — Proposal Trustee recommends approval of the SISP and Stalking Horse LOI as initial process
  • Stalking horse Subscribers
PDF · Subscribers
Application
  • Applicant EDGE INNOVATIONS INC.
  • Commencement date 5 June 2025
  • Court COURT OF KING’S BENCH OF ALBERTA, IN BANKRUPTCY AND INSOLVENCY
  • Court file no 24-3232284
  • + 1 more extracted fact
PDF · Subscribers
Proposal Trustee’s First Report to Court
PDF · Subscribers
Affidavit of Russell Devenish sworn
PDF · Subscribers
Brief
  • Applicant Edge Innovations Inc.
  • Appointee MNP Ltd.
  • Appointee role proposal trustee
  • Commencement date 3 June 2025
  • + 4 more extracted facts
PDF · Subscribers
Cash Flow Forecast with Schedule APDF · Subscribers
Form 29 - Trustee's Report on Cash Flow Statement
PDF · Subscribers
Form 30 - Report on Cash Flow Statement by the Person Making the ProposalPDF · Subscribers
Creditor Package - Notice of Intention to Make a Proposal
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Amended Certificate of the Notice of IntentionPDF · Subscribers
Certificate of the Notice of IntentionPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1375506 Alberta Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1375506-alberta-ltd

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/1375506-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.