Proceedings.

1616533 Alberta Ltd.

ActiveFollow
Proceeding
BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3
File
25-2699691
Filings held2
Last activity13 Jan 2021
On the record2,151 days
OverviewSummary updated

1616533 Alberta Ltd. was placed into bankruptcy in Alberta when the Court of Queen's Bench of Alberta made a bankruptcy order against the company on December 15, 2020 (court file nos. 2001-11630 and 25-2699691), on the application of Royal Bank of Canada. Grant Thornton Limited acts as trustee. A Statement of Affairs reported total liabilities of $321,533.50 against total assets of $11,515.00, a deficiency of $310,018.50. Royal Bank of Canada's claim, secured against fixtures and equipment valued at $11,515.00, left a $150,209.56 unsecured balance; other unsecured creditors include UMI Sushi Express Inc. ($47,500.00), RBC Visa ($47,158.86), Conexus Credit Union ($40,400.00) and the Canada Revenue Agency ($23,937.08). The matter remains active.

Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates2 dated entries
Parties

Debtor

1616533 Alberta Ltd.

Trustee in bankruptcy

Doane Grant Thornton

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency (811210517RP0001) · in 985 casesCRA Deemed Trust class; contingent liability, amount expected to rank for dividend is $0.00 — debtor: 1616533 Alberta Ltd. · as of 15 Dec 2020$1Creditor Package - December 22, 2020.pdf
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

19 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.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report to Creditors - January 13, 2021.pdf · 13 Jan 2021

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the trusteeTrustee's Preliminary Report to Creditors - January 13, 2021.pdf · 13 Jan 2021

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
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

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

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents2 filings
DateDocumentFile
Trustee's Preliminary Report to Creditors - January 13, 2021.pdf
  • Appointee GRANT THORNTON LIMITED
  • Appointee role Trustee
  • Commencement date 15 December 2020
  • Court file no 25-2699691
  • + 4 more extracted facts
PDF · Subscribers
Creditor Package - December 22, 2020.pdf
  • Applicant ROYAL BANK OF CANADA
  • Commencement date 15 December 2020
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • Court file no 2001 - 11630
  • + 5 more extracted facts
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., “1616533 Alberta Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1616533-alberta-ltd

Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/1616533-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.