ADL Projects Ltd.
Follow- 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.
A meeting of creditors was held in the bankruptcy of ADL Projects Ltd. on July 18, 2018.
Source: Creditor's Package.pdf
1 earlier update, back to 18 July 2018 — subscribers.
Debtor
ADL Projects Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | ATB Financial - Asset Management · in 13 casesEquipment (2007 Genie scissorlift, 2008 Case skid steer, 2008 Skytrak forklift, 2009 JLG scissor lift, speader bar, Cat telehandler, miscellaneous inventory, four Seacans) - amount of claim $1,298,642.40 (list B claim no.1) — See consolidated ATB entry above; this row duplicated in source as claim no.1 of List B, amount of claim $1,298,642.40, estimated value of security equals amount of claim ($1,298,642.40 real property component); no separate balance stated for this claim. — debtor: ADL Projects Ltd. · as of 18 Jul 2018 | — | Creditor's Package.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| 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 20 September 2026, https://proceedings.ca/case/adl-projects-ltd