Proceedings.

984646 Alberta Ltd. oa Dragster Directional Drilling & Hyrdrovac

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Proceeding
Bankruptcysection 49 of the Bankruptcy and Insolvency Act
Filings held3
Last activity19 Feb 2025
On the record2,091 days
OverviewSummary updated

984646 Alberta Ltd., operating as Dragster Directional Drilling & Hydrovac, is a closed bankruptcy administration. The Statement of Affairs (Form 78), as at February 12, 2021, put assets at CAD 522,330.30 against liabilities of CAD 1,348,933.37, with unsecured claims on list A of CAD 826,603.07, secured claims on list B of CAD 522,330.30, and a stated deficiency of CAD 826,603.07 and no surplus. The secured list, as of February 14, 2021, is led by the Canada Revenue Agency at CAD 248,694.51 on payroll account 860973114RP0001, followed by RCAP Leasing at CAD 75,004.77, a TD Canada Trust Visa balance of CAD 62,000.00, and several equipment lease financiers. Larger unsecured claims include CRA GST of CAD 69,359.87, Brandt Tractor at CAD 52,472.69 and Edgewise Underground at CAD 51,592.00. None of the listed claims were proved.

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Case updates3 dated entries
Parties

Debtor

984646 Alberta Ltd. oa Dragster Directional Drilling & Hyrdrovac

Trustee in bankruptcy

Doane Grant Thornton

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesAccount 860973114RP0001 — deemed trust class; SOA amount, claim status: not proved — debtor: 984646 Alberta Ltd. o/a Dragster Directional Drilling & Hydrovac · as of 14 Feb 2021$249KCreditors Package - February 16, 2021.pdf
3Deemed trusts (CRA and other)
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

86 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents3 filings
DateDocumentFile
Order Discharging Trustee pronounced February 19, 2025PDF · Subscribers
Creditors Package - February 16, 2021.pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment - February 14, 2021.pdf
  • Proceeding type bia_bankruptcy
  • Statutory basis section 49 of the Bankruptcy and Insolvency Act
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., “984646 Alberta Ltd. oa Dragster Directional Drilling & Hyrdrovac” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/984646-alberta-ltd-oa-dragster-directional-drilling-hyrdrovac

Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/984646-alberta-ltd-oa-dragster-directional-drilling-hyrdrovac

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.

984646 Alberta Ltd. oa Dragster Directional Drilling & Hyrdrovac — Bankruptcy | Proceedings.