Proceedings.

16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)

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Proceeding
BankruptcySubsection 102(1) of the Act
Filings held1
Last activity7 Nov 2024
On the record683 days
OverviewSummary updated

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.

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Case updates1 dated entry
#Claims

Approved the claims process for 16483640 Canada Ltd., the entity holding liabilities of $12,917,417.82 vested out of Loop Energy Inc., with Crowe MacKay & Company Ltd. as trustee.

Source: Notice of Bankruptcy

Parties

Debtor

16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)

Trustee in bankruptcy

Crowe MacKay

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
UnsecuredPacific Economic Development Canada · in 2 casesfederal economic development agency; largest unsecured claim listed — debtor: 16483640 Canada Ltd. · as of 6 Nov 2024$8.93MNotice of Bankruptcy
67 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents1 filing
DateDocumentFile
Notice of Bankruptcy
  • Appointee Crowe MacKay & Company Ltd.
  • Appointee role trustee
  • Commencement date 7 November 2024
  • Financial position Subscribers
  • + 5 more extracted facts
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/16483640-canada-ltd-loop-energy-inc-residualco

Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/16483640-canada-ltd-loop-energy-inc-residualco

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.