1492236 Alberta Corp.

1492236 Alberta Corp. has been in bankruptcy under the Bankruptcy and Insolvency Act in Alberta since 25 June 2012, with MNP Ltd. as trustee under court file 24-1639187. The Statement of Affairs (Form 78) sworn as at the date of bankruptcy shows total assets of $2,558.79 against total liabilities of $179,580.58, for a reported deficiency of $177,021.79 — comprising unsecured claims of $75,251.95, the balance of secured claims at $88,185.26, preferred claims of $13,584.58 and no contingent liabilities. Cara Operations Limited claims $65,111.55 as at 22 June 2012, secured against small wares, a panini press, the franchise agreement and debts due, with security estimated at $2,558.79 and $62,552.76 unsecured. Scotiabank claims $25,632.50 on security valued at nil. The largest ordinary unsecured claims are Canada Revenue Agency at $26,000.00, Maple Leaf Foods Inc. at $13,976.11 and Access Gas at $10,406.26, alongside dozens of employee wage claims ranked as preferred. The matter remains active.