AAA Windows Ltd. and AAA Holdings Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act, and 65(7) of the Personal Property Security Act
- File
- 1901-05545
- Industry
- Manufacturing · Building products
AAA Windows Ltd. and AAA Holdings Ltd. have been under the court-appointed receivership of Hardie & Kelly Inc., which was named receiver and manager on January 27, 2020 in the Court of King's Bench of Alberta under section 243(1) of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act and 65(7) of the Personal Property Security Act. The applicant, Canadian Western Bank, was owed approximately $4.2 million by AAA Holdings as at February 14, 2020, secured by interests over Holdings' assets that an independent legal opinion confirmed valid and enforceable. The receiver has proposed a partial interim distribution of $3,996,865.22 to the bank and payment in full of the City of Calgary's $166,436.60 priority charge for property tax arrears against the Property. A Canada Revenue Agency deemed trust claim against AAA Windows for unremitted source deductions is estimated at at least $235,000. The proceeding is active under court file 1901-05545.
The court granted an approval and vesting order for the sale to 2214308 Alberta Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of Article 5 closing conditions.
The court granted an approval and vesting order for the sale to A-Apollo Windows & Doors Ltd. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate confirming payment of Purchase Price and satisfaction of conditions to Closing under Article 6 of the Sale Agreement.
Order granted January 27, 2020 placed both AAA Windows Ltd. and AAA Holdings Ltd. into court-appointed receivership, commencing the Alberta proceeding under file 1901-05545.
Source: Receivership Order
Canadian Western Bank filed its application in the Alberta court, file 1901-05545, seeking appointment of a receiver and manager over the two AAA companies.
Debtor
AAA Windows Ltd. and AAA Holdings Ltd.
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust claim (quasi-governmental); amount described as 'estimated to be at least $235,000' - stated as a floor — debtor: AAA Windows Ltd. | $235K | First Report of Receiver – filed Feb 18, 2020 |
| 4 | Secured | |||
| 4 | Secured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
3 transactions · 2 closed · 1 approved — The sales to 221 Alberta and A-Apollo have closed, with post-closing matters outstandingFirst Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2214308 Alberta Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 12 Dec 2019 | Sealed | Closed27 Jan 2020 | First Report of Receiver – filed Feb 18, 2020 |
| A-Apollo Windows & Doors Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 12 Dec 2019 | not stated | Approved27 Jan 2020 | Approval and Vesting Order (AAA Windows) |
| A-Apollo Windows and Doors Ltd.Windows' physical assets consisting of inventory, work-in-process, machinery, office equipment and furniture and two vehicles as well as the books and records of Windows and any assignable intellectual property (telephone numbers, website domain and trade name) · asset sale | Sealed | Closed27 Jan 2020 | First Report of Receiver – filed Feb 18, 2020 |
Unsecured creditors: not yet estimated. CRA a distribution · CWB a distribution · The City of Calgary paid in full.First Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | estimated | a distributionconditional | Estimatedper the receiver | First Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020 |
| Secured | CWB | — | interim | Estimatedper the receiver | First Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020 |
| Secured | The City of Calgary | — | paid in full | Estimatedper the receiver | First Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020 |
| Unsecured | AAA Windows Ltd. creditors | — | not yet estimatedconditional | per the receiver | First Report of Receiver – filed Feb 18, 2020 · 14 Feb 2020 |
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.
3 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order re: Distribution of Sales Proceeds
| PDF · Subscribers | |
First Report of Receiver – filed Feb 18, 2020
| PDF · Subscribers | |
Approval and Vesting Order (AAA Holdings)
| PDF · Subscribers | |
Approval and Vesting Order (AAA Windows)
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Applicants’ Bench Brief & Authorities | PDF · Subscribers | |
| Affidavit of Tyson Hartwell | PDF · Subscribers | |
Application re: Receivership, AVO and Sealing Order
| PDF · Subscribers | |
Proposed Receiver’s Report
| PDF · Subscribers | |
| Affidavit of Default of T. Hartwell | 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., “AAA Windows Ltd. and AAA Holdings Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/aaa-windows-ltd-and-aaa-holdings-ltd