ADL Projects Ltd.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- BK03 115921
ADL Projects Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act, commenced July 18, 2018, with Grant Thornton Limited acting as trustee of the bankrupt estate before the Court of Queen's Bench of Alberta. The company's Statement of Affairs, filed the same day, reported total assets of $2,336,910.00 against total liabilities of $3,392,014.70, a stated deficiency of $1,055,104.70. ATB Financial - Asset Management holds the largest secured position, two claims totalling $3,222,301.70 against real property at 7241 Girard Road, Edmonton and equipment, with $948,295.70 of that carried to the unsecured creditors list; Ford Credit Canada Limited holds a fully secured claim of $18,775.00 against a 2014 Ford F150. Unsecured creditors include Luigi Naccarato at $150,000 and Telus Communications - Corporate at $935.00.
The officer filed report no. Trustee's First Report. The Trustee is taking possession of the bankrupt's real property and equipment, and is seeking court approval to sell four vehicles to related parties of the former principal. Court file 24-115919.
Debtor
ADL Projects Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | ATB Financial - Asset Management · in 14 casesReal Property/Building and Land - 7241 Girard Road, Edmonton (claim no.1, amount of claim $1,298,642.40 also secured against equipment items valued at $0.00) plus claim no.2 amount of claim $1,923,659.30 secured against equipment (mostly $0.00-$1,500 items) and same real property (estimated value of security $961,357.60) — Two claims listed against same real property/collateral (List B claim nos. 1 and 2, combined amount of claim $3,222,301.70); balance of claim after applying estimated security value shown as $948,295.70 on claim no.2; claim no.1 shows no balance (fully secured, surplus not s · as of 18 Jul 2018 | $948K | Creditor's Package.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
| Affidavit of Service - Filed November 1, 2018.PDF | PDF · Subscribers | |
Trustee's First Report - Filed October 22, 2018.pdf
| PDF · Subscribers | |
Creditor's Package.pdf
| PDF · Subscribers | |
Commercial Hearing Confirmation.pdf
| 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., “ADL Projects Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/adl-projects-ltd