1606602 Alberta Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-3394353
- Industry
- Energy · Oilfield services
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.
Certificate of Appointment was filed. Court file 24-3394353.
Source: Certificate of Appointment
Debtor
1606602 Alberta Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Receiver General - Canada Revenue Agency · in 14 casesDeemed trust class (CRA). Listed as secured claim in Creditor Mailing List. — debtor: 1606602 Alberta Ltd. | $782K | First Meeting of Creditor Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
58 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
First Meeting of Creditor Package
| 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., “1606602 Alberta Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1606602-alberta-ltd