#Filing
Application by Insurance Claimant to Annul the Proposal (returnable January 25, 2016) — Application / notice of application
1749049 Alberta Ltd
FollowActive
- Proceeding
- NOISections 13.4 and 50.4(9) of the Bankruptcy and Insolvency Act.
- File
- 24-1957048
OverviewSummary updated
1749049 Alberta Ltd., an Alberta company, remains in active insolvency proceedings. A Statement of Affairs prepared as at 3 February 2015, stated and estimated by the officer, puts the company's total assets at CAD 1,646,598.26 against total liabilities of CAD 2,176,046.92, a stated deficiency of CAD 529,448.66. Liabilities as of that date comprise CAD 647,691.78 owed to secured creditors, listed in aggregate under list "B", and CAD 1,922,459.26 owed to unsecured creditors under list "A"; neither list names individual creditors on the face of the statement. The statement carries a sworn or declared date of 16 April 2015, differing from the 3 February 2015 date of the statement of affairs itself.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates18 dated entries
#Filing
Application by Trustee to Annul the Proposal (returnable January 25, 2016) — Application / notice of application
#Report
The officer filed report no. Fourth Report. The MCW asset sale has closed and the business continues as a going concern under MCW, but the Trustee reports that unresolved professional liability (Insurance Claimant) claims complicate the Proposal, and it now proposes annulling the Proposal, bankrupting the Company, and having the Trustee act as receiver to collect and distribute remaining accounts receivable to unsecured creditors.
15 earlier updates, back to 26 February 2015 — subscribers.
Parties
Debtor
1749049 Alberta Ltd
Proposal trustee
PwC
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Secured creditors as per list "B" · in 7 casesAggregate figure per Statement of Affairs list 'B'; individual secured creditors not named on this page. — debtor: 1749049 Alberta Ltd. · as of 3 Feb 2015 | $648K | Statement of Assets & Liabilities |
1 more claim across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
Sale closed — The sale of the assets to MCW has closedFourth Report of the Proposal Trustee · 14 Jan 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| MCW Hemisphere Ltd.the physical assets of Vendors ... All contracts, goodwill, etc. · asset sale · agreement 11 Feb 2015 | Subscribers | Closed1 Jan 2015 | Fourth Report of the Proposal Trustee |
RecoveriesAs declared or paid
Unsecured creditors: no distribution. Canada Revenue Agency paid in full.Fourth Report of the Proposal Trustee · 14 Jan 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustCRA's deemed trust claim for source deductions | Canada Revenue Agency | — | paid in full | Finalper the proposal trustee | Fourth Report of the Proposal Trustee · 14 Jan 2016 |
| Preferred | employee claims (as defined in Article 7.4) | — | paid in full | Under the planvote pendingper the debtor | Trustee's Third Report · 11 May 2015 |
| Unsecured | Insurance Claimants | — | no distributionconditional | per the proposal trustee | Fourth Report of the Proposal Trustee · 14 Jan 2016 |
| Equity | — | — | a distributionconditional | Under the planvote pendingper the debtor | Trustee's Third Report · 11 May 2015 |
| class not placed | claims in respect of goods supplied, services rendered and other consideration given to the Company after December 31, 2014 | — | paid in full | Under the planvote pendingper the proposal trustee | Trustee's Third Report · 11 May 2015 |
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
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$731K
As at 14 Jan 2016Fourth Report of the Proposal Trustee
Documents
18 filings
| Date | Document | File |
|---|---|---|
| Application by Insurance Claimant to Annul the Proposal (returnable January 25, 2016) | PDF · Subscribers | |
Application by Trustee to Annul the Proposal (returnable January 25, 2016)
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee
| PDF · Subscribers | |
Trustee's Third Report
| PDF · Subscribers | |
| Notice of Intended Amendment to Proposal | PDF · Subscribers | |
| List of Creditors | PDF · Subscribers | |
| Notice of Proposal to Creditors | PDF · Subscribers | |
| Proof of Claim & General Proxy form | PDF · Subscribers | |
| Proposal | PDF · Subscribers | |
Statement of Assets & Liabilities
| PDF · Subscribers | |
Trustee's Report on Proposal
| PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
Application for Extension (returnable March 4, 2015)
| PDF · Subscribers | |
| Extension Order dated March 4, 2015 | PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| PDF · Subscribers | |
| Sale Approval and Vesting Order | PDF · Subscribers | |
First Report of the Proposal Trustee
| 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., “1749049 Alberta Ltd” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/1749049-alberta-ltd