1606602 Alberta Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-3394353
Filings held3
Last activity7 Jul 2026
On the record80 days
Secured debt$872K
OverviewSummary updated
1606602 Alberta Ltd. made a voluntary assignment into bankruptcy on July 3, 2026, under the BIA, in the Court of King's Bench of Alberta under court file 24-3394353. Externally compiled financial statements as at April 30, 2025 show total assets of $6,018,000 against total liabilities of $6,439,000 and a shareholder's equity deficit of $(421,000); no statements were prepared for FY2026 or the stub period to the date of bankruptcy. Secured claims include $2,143,000 owed to nine PPSA equipment financiers holding serial-number registrations, $984,000 to Synergy Credit Union, $373,000 to the Canada Revenue Agency as a deemed trust for payroll source deductions, and $236,000 to Merchant Opportunities Canada Ltd. Synergy Credit Union completed a stationary seizure of certain equipment before the bankruptcy and has given a limited guarantee of the Trustee's fees.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Report recorded the Company's voluntary assignment into bankruptcy, itemised secured claims, noted CRA had filed no proof of claim, and flagged the Merchant Opportunities receivables claim as under Trustee review.
Source: Trustee's Report to Creditors
Parties
Debtor
1606602 Alberta Ltd.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Receiver General - Canada Revenue Agency · in 13 casesDeemed trust class (CRA). Listed as secured claim in Creditor Mailing List. — debtor: 1606602 Alberta Ltd. | $782K | First Meeting of Creditor Package |
| 4 | Secured | Synergy Credit UnionListed as secured claim in Creditor Mailing List. — debtor: 1606602 Alberta Ltd. | $872K | First Meeting of Creditor Package |
| 4 | Secured | Daimler Trucker FinancialListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | CWB National Leasing · in 21 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Current Financial Corp · in 2 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | RCAP · in 2 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | National Bank Equipment Finance · in 2 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Coast Capital Equipment FinancingListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Canadian Western Bank · in 80 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | BMO Transportation Finance · in 3 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Arundel Capital Corporation · in 8 casesListed as secured creditor in Creditor Mailing List; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Wells Fargo · in 14 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | Merchant Growth · in 4 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 4 | Secured | De Lage Landen Financial Services Canada Inc. · in 73 casesListed as secured creditor; no claim amount stated for secured claim. — debtor: 1606602 Alberta Ltd. | — | First Meeting of Creditor Package |
| 8 | Unsecured | National Bank Equipment Finance · in 2 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $871K | First Meeting of Creditor Package |
| 8 | Unsecured | Daimler Trucker FinancialAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $597K | First Meeting of Creditor Package |
| 8 | Unsecured | Coast Capital Equipment FinancingAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $415K | First Meeting of Creditor Package |
| 8 | Unsecured | Pierre G Asselin Professional Corporation c/o Max Fueldebtor: 1606602 Alberta Ltd. | $400K | First Meeting of Creditor Package |
| 8 | Unsecured | Current Financial Corp · in 2 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $287K | First Meeting of Creditor Package |
| 8 | Unsecured | Synergy Credit UnionAlso appears as secured creditor with stated secured claim of $872,224.36. — debtor: 1606602 Alberta Ltd. | $194K | First Meeting of Creditor Package |
| 8 | Unsecured | Arundel Capital Corporation · in 8 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $140K | First Meeting of Creditor Package |
| 8 | Unsecured | BMO Transportation Finance · in 3 casesdebtor: 1606602 Alberta Ltd. | $134K | First Meeting of Creditor Package |
| 8 | Unsecured | Merchant Growth · in 4 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $107K | First Meeting of Creditor Package |
| 8 | Unsecured | UFA · in 6 casesdebtor: 1606602 Alberta Ltd. | $90K | First Meeting of Creditor Package |
| 8 | Unsecured | RCAP · in 2 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $73.2K | First Meeting of Creditor Package |
| 8 | Unsecured | De Lage Landen Financial Services Canada Inc. · in 73 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $61.8K | First Meeting of Creditor Package |
| 8 | Unsecured | Chrome Industrial Productsdebtor: 1606602 Alberta Ltd. | $60K | First Meeting of Creditor Package |
| 8 | Unsecured | Slave Lake Communications Ltd.debtor: 1606602 Alberta Ltd. | $46.6K | First Meeting of Creditor Package |
| 8 | Unsecured | Wells Fargo · in 14 casesAlso appears as secured creditor with no stated secured amount. — debtor: 1606602 Alberta Ltd. | $40.8K | First Meeting of Creditor Package |
| 8 | Unsecured | North Country Co-opdebtor: 1606602 Alberta Ltd. | $23.1K | First Meeting of Creditor Package |
| 8 | Unsecured | MDIdebtor: 1606602 Alberta Ltd. | $20K | First Meeting of Creditor Package |
| 8 | Unsecured | Enmax · in 61 casesdebtor: 1606602 Alberta Ltd. | $14.7K | First Meeting of Creditor Package |
| 8 | Unsecured | JMD Group LLPdebtor: 1606602 Alberta Ltd. | $13K | First Meeting of Creditor Package |
| 8 | Unsecured | Evergreen Solutions Corp.debtor: 1606602 Alberta Ltd. | $10K | First Meeting of Creditor Package |
| 8 | Unsecured | Triumph Industrial Products Inc.debtor: 1606602 Alberta Ltd. | $10K | First Meeting of Creditor Package |
| 8 | Unsecured | Emery Jamieson LLP · in 3 casesdebtor: 1606602 Alberta Ltd. | $5.37K | First Meeting of Creditor Package |
| 8 | Unsecured | Cornerstone Co-operative · in 2 casesdebtor: 1606602 Alberta Ltd. | $4.91K | First Meeting of Creditor Package |
| 8 | Unsecured | Index NDT Inspection Ltd.debtor: 1606602 Alberta Ltd. | $2.76K | First Meeting of Creditor Package |
| 8 | Unsecured | Charge On Internationaldebtor: 1606602 Alberta Ltd. | $1.89K | First Meeting of Creditor Package |
| 8 | Unsecured | McKercher LLP · in 3 casesdebtor: 1606602 Alberta Ltd. | $825 | First Meeting of Creditor Package |
| 8 | Unsecured | Scope PrintingNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Shellshock Oilfield ServicesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Control DrillingNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | SLHNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Spilak's Tank Truck Service Ltd.Nominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Spring Fresh Mat & Linen Rental Ltd.Nominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Canadian Western Bank · in 80 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | CEBA Loan Collections · in 11 casesNominal $1.00 listing amount; CEBA loan program. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Velocity Truck Centres · in 2 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Green Leaf Fuel Inc.Nominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Sysco · in 18 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | GFL · in 5 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Hutten Safety GroupNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Hydraulic WorksNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Lash Enterprises · in 3 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Ducky Oilfield ServicesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Direct Energy · in 38 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | Paul NiwranskiNominal $1.00 listing amount; individual creditor. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
| 8 | Unsecured | CWB National Leasing · in 21 casesNominal $1.00 listing amount. — debtor: 1606602 Alberta Ltd. | $1 | First Meeting of Creditor Package |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution. Synergy Credit Union Ltd. short.EstimatedTrustee's Report to Creditors · 24 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Synergy Credit Union Ltd. | — | shortfall | Estimatedper the trustee | Trustee's Report to Creditors · 24 Jul 2026 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report to Creditors · 24 Jul 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.
Estate financialsReported figures — never derived
Total assets at filing$1.65M
Total liabilities at filing$5.28M
As at 3 Jul 2026 · per Statement of Affairs (Corporate Bankruptcy), Form 78, as stated and estimated by bankrupt/debtor · entity - 1606602 Alberta Ltd. — Components: secured creditors $1,654,496.12; preferred creditors $0.00; unsecured creditors $3,624,284.00; contingent/trust claims $0.00. Deficiency of $3,624,284.00 stated on the form (liabilities exceed assets).
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| ||
Certificate of Appointment
| ||
First Meeting of Creditor Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1606602 Alberta Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/1606602-alberta-ltd