1616533 Alberta Ltd.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 25-2699691
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.
A bankruptcy order was made against 1616533 Alberta Ltd. on December 15, 2020, on the application of Royal Bank of Canada.
Source: Trustee's Preliminary Report to Creditors - January 13, 2021.pdf
Debtor
1616533 Alberta Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesOther - Fixtures and equipment; amount of claim $161,724.56 with estimated value of security $11,515.00 — Balance of claim per List B (Secured Creditors) in Statement of Affairs; also listed on List A with unsecured balance of $150,209.56 (bifurcated secured/unsecured by security valuation) — debtor: 1616533 Alberta Ltd. · as of 15 Dec 2020 | $150K | Creditor Package - December 22, 2020.pdf |
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report to Creditors - January 13, 2021.pdf · 13 Jan 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee'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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors - January 13, 2021.pdf
| PDF · Subscribers | |
Creditor Package - December 22, 2020.pdf
| 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 20 September 2026, https://proceedings.ca/case/1616533-alberta-ltd