16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)
- Proceeding
- BankruptcySubsection 102(1) of the Act
16483640 Canada Ltd. is the entity into which certain debts and liabilities of Loop Energy Inc. were vested by a reverse vesting order, and it has been in insolvency proceedings in British Columbia since November 7, 2024, with Crowe MacKay & Company Ltd. as trustee under subsection 102(1) of the Act. Its statement of affairs as at November 6, 2024 reports no assets against liabilities of $12,917,417.82, all unsecured, and a deficiency of $12,917,417.82. Pacific Economic Development Canada holds the largest claim at $8,929,919.00, followed by R&D Dynamics Corporation at $604,739.85 and the related party Loop Energy Technologies (Shanghai) Co. Ltd. at $530,000.00. Osler, Hoskin & Harcourt LLP is listed at $295,402.03 and Shenzhen Foripower Electric Co., Ltd at $288,100.00.
Debtor
16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)
Trustee in bankruptcy
Crowe MacKay
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Pacific Economic Development Canada · in 2 casesfederal economic development agency; largest unsecured claim listed — debtor: 16483640 Canada Ltd. · as of 6 Nov 2024 | $8.93M | Notice of Bankruptcy |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
67 more claims in 1 class The stack holds Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| PDF · Subscribers | |
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CiteProceedings., “16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/16483640-canada-ltd-loop-energy-inc-residualco