2173381 Alberta Ltd.

2173381 Alberta Ltd., operating as Fatburger, reports total liabilities of $419,163.32 against estimated realizable assets of $77,000 per the Trustee's Schedule "A" Estimated Realization, yielding a deficit of $342,163.32 (Trustee estimate) versus $362,160.32 (Debtor's Statement of Affairs). Secured claims total $298,357.38: Royal Bank of Canada holds a general security agreement over all company property, and BMW Canada Inc. claims security in a 2020 BMW 330i, a claim under Trustee review after the director stated he personally purchased and registered the vehicle. CRA has an expected deemed trust claim of approximately $75,000 for unremitted source deductions, which would rank ahead of other claims if confirmed. Unsecured creditors total $120,805.94 per the Statement of Affairs, though proofs of claim received to date total only $23,367.79; former employees hold preferred claims of $11,425.00 under the WEPPA program.