797237 Alberta Ltd. o/a Paradigm Ventures
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-3180017
797237 Alberta Ltd., operating as Paradigm Ventures, entered bankruptcy under the Bankruptcy and Insolvency Act on January 29, 2025, with the date and time of bankruptcy recorded as 12:40 that day. The proceeding carries court file number 24-3180017 and remains active. The record contains a single milestone, the January 29 filing that commenced the bankruptcy; no later steps have been entered against the file. Creditors and counsel tracking this estate should note that nothing beyond the commencement of the bankruptcy is presently on the record.
Filing that commenced the bankruptcy of 797237 Alberta Ltd. under the BIA, with the date and time of bankruptcy recorded as January 29, 2025 at 12:40.
Source: Certificate of Assignment
Debtor
797237 Alberta Ltd. o/a Paradigm Ventures
Trustee in bankruptcy
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust over specified assets (asset nos. 1301,1101,201,601,802,803,804,601,501) — Deemed trust in favour of the Crown (ground for priority stated in Statement of Affairs); ranks ahead of ordinary secured creditors. Trustee's Preliminary Report (p.5) notes CRA has yet to perform a trust exam and expects additional amounts owing that could be deemed priority claims. — debtor: 797237 Alberta Ltd. · as of 28 Jan 2025 | $20.7K | Notice of Bankruptcy - Creditor Package |
| 4 | Secured | ABCU Credit Union Ltd. (Beaumont Branch)All present and after-acquired personal property (blanket PPSA registration) per Trustee's Preliminary Report — Preliminary Report (p.4) lists this creditor as secured; the sworn Statement of Affairs (p.9) reports $0.00 in the 'Secured' column and the full $1,368.09 claim as unsecured — claim appears bifurcated secured/unsecured by security valuation (security valued at nil). See corresponding unsecured entry. — debtor: 797237 Alberta Ltd. | — | Notice of Bankruptcy - Creditor Package |
| 4 | Secured | Merchant Growth Ltd. · in 3 casesAll present and after-acquired personal property (blanket PPSA registration) — Listed as known/anticipated secured creditor in Trustee's Preliminary Report; no individual balance stated; not identified in the itemized Statement of Affairs creditor list on reviewed pages. — debtor: 797237 Alberta Ltd. | — | Notice of Bankruptcy - Creditor Package |
| 4 | Secured | Caray Holdings Ltd.All present and after-acquired personal property (blanket PPSA registration) per Trustee's Preliminary Report — Preliminary Report (p.4) lists this creditor as secured; the sworn Statement of Affairs (p.9) reports $0.00 in the 'Secured' column and the $1.00 claim (a shareholder loan dated 30-Aug-2016) as unsecured — bifurcated by security valuation. Likely related party (shareholder loan). See corresponding unsecured entry. — debtor: 797237 Alberta Ltd. | — | Notice of Bankruptcy - Creditor Package |
| 4 | Secured | M.A.R.R. Holdings Inc.All present and after-acquired personal property (blanket PPSA registration) — Listed as known/anticipated secured creditor in Trustee's Preliminary Report; no individual balance stated; not identified in the itemized Statement of Affairs creditor list on reviewed pages. — debtor: 797237 Alberta Ltd. | — | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Business Development Bank of Canada · in 241 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $85K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Convoy Supply Ltd.Nature: accounts payable. — debtor: 797237 Alberta Ltd. | $37.6K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | FlowmastersNature: accounts payable. — debtor: 797237 Alberta Ltd. | $23.2K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | 1389153 Alberta LTDPossible related party — similarly numbered to shareholder '1389157 Alberta Ltd.' (per Preliminary Report, p.4); relationship not explicitly confirmed in document. Nature: accounts payable. — debtor: 797237 Alberta Ltd. | $13.2K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | BriseboisNature: accounts payable. — debtor: 797237 Alberta Ltd. | $12K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Gary Brewer c/o Taylor Janis LLPNature: accounts payable. — debtor: 797237 Alberta Ltd. | $11.8K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Gentek Building Products · in 3 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $9.48K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Jay KalynNature: accounts payable. — debtor: 797237 Alberta Ltd. | $9K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Evan CameronNature: accounts payable. — debtor: 797237 Alberta Ltd. | $6K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | DBL Exteriors 24 Inc.Nature: accounts payable. — debtor: 797237 Alberta Ltd. | $4.04K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Customtec Metals Inc.Nature: accounts payable. — debtor: 797237 Alberta Ltd. | $3.44K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | LSLNature: accounts payable. — debtor: 797237 Alberta Ltd. | $2.85K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | KayCan · in 2 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $2.78K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | ABCU Credit Union Ltd. (Beaumont Branch)Reported as secured (blanket PPSA) in Trustee's Preliminary Report, but Statement of Affairs shows $0.00 secured and reports full claim as unsecured — bifurcated by security valuation. — debtor: 797237 Alberta Ltd. · as of 28 Jan 2025 | $1.37K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | GFL · in 5 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $1.36K | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Direct Energy · in 38 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $960 | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | De Lage Landen · in 16 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $699 | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | EPCOR · in 49 casesNature: accounts payable. — debtor: 797237 Alberta Ltd. | $484 | Notice of Bankruptcy - Creditor Package |
| 8 | Unsecured | Caray Holdings Ltd.Nature: shareholder loans — related party. Also listed as secured (blanket PPSA) in Trustee's Preliminary Report, but SOA shows $0.00 secured — bifurcated by security valuation. — debtor: 797237 Alberta Ltd. · as of 30 Aug 2016 | $1 | Notice of Bankruptcy - Creditor Package |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: not yet estimated.Notice of Bankruptcy - Creditor Package · 4 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Notice of Bankruptcy - Creditor Package · 4 Feb 2025 |
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.
As at 27 Jan 2025 · per Statement of Affairs (Form 78) — amounts as stated and estimated by bankrupt/debtor, sworn by director Richard Chamberland on 29-Jan-2025 · Entity-level — 797237 Alberta Ltd. (non-consolidated) — Total liabilities comprise Secured $46,005.27 + Preferred/priority $0.00 + Unsecured $483,366.69 + Contingent $0.00 = $529,371.96, against total assets of $46,005.27, producing a stated deficiency of $483,366.69. The itemized unsecured creditor entries visible on reviewed pages (Form 78 pp.3-4, cited above) sum to approximately $225,222.82, well below the $483,366.69 unsecured total reported in the summary — additional itemized creditors evidently appear on Form 78 pages not included in this excerpt (Form 78 pages 5-6). CRA has not yet performed a trust exam; Trustee expects further priority a
| Date | Document | File |
|---|---|---|
| Trustee Discharge Order | ||
Notice of Bankruptcy - Creditor Package
| ||
Certificate of Assignment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “797237 Alberta Ltd. o/a Paradigm Ventures” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/797237-alberta-ltd-o-a-paradigm-ventures