1499520 Alberta Ltd.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 25-2847035
- Industry
- Retail · Vehicle dealers
1499520 Alberta Ltd. is subject to insolvency proceedings in which the trustee's Estimated Realization (Schedule A) and the debtor's Statement of Affairs, both dated July 13, 2022, report differing asset values for the same date: $15,501.00 per the debtor against $6,500.00 per the trustee. Liabilities are reported consistently at $85,040.00 in both accounts, matching the aggregate unsecured creditor figure. Two secured creditors, Automotive Finance Canada Inc. and Nextgear Capital Corporation, each hold a General Security Agreement over company assets but are listed at a nominal $1.00; the director has stated both have been paid in full, and the trustee had received no claim from either as of the report date.
Debtor
1499520 Alberta Ltd.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Nextgear Capital Corporation · in 4 casesGeneral Security Agreement (GSA) registered over Company assets — Director disclosed this creditor has been paid in full and no amount remains outstanding; listed at nominal $1.00 on Statement of Affairs; no claim received by Trustee as of report date — security effectively discharged/satisfied. — debtor: 1499520 Alberta Ltd. · as of 13 Jul 2022 | $0 | Trustee's Report on Preliminary Administration |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report on Preliminary Administration
| PDF · Subscribers | |
Creditor Package
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1499520 Alberta Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/1499520-alberta-ltd