AdvEn Inc. & AdvEn Industries Inc.
Follow- Proceeding
- NOIsection 50.4(9) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 24-3400057
AdvEn Inc. and AdvEn Industries Inc. filed a notice of intention on July 20, 2026 under subsection 50.4(1) of the Bankruptcy and Insolvency Act, with Alvarez & Marsal Canada Inc., a licensed insolvency trustee, acting under estate number 24-3400057 in Alberta. The creditor list filed with the notice shows Secure Property Development and Investment PLC as the largest listed unsecured creditor at $844,173.02, followed by PA Consulting Services Ltd at $376,023.63, Weixing Chen at $263,600.00, Edmonton Electric at $242,052.04 and Monarch Equities Inc at $197,291.42. The list also carries many individual creditors and trade suppliers, and the Workers' Compensation Board-Alberta at $1,434.55.
18 earlier updates, back to 20 July 2026 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Case update
AdvEn: a priming interim facility, and the rival lender's appeal
On August 19, Justice Dunlop approved a US$650,000 interim facility for AdvEn Inc. and AdvEn Industries Inc. from 2841034 Alberta Ltd., a company incorporated on August 5 whose two directors had been directors of secured creditor 2815793 Alberta Ltd., and ranked its charge ahead of that creditor's security; 2815793 Alberta Ltd., which had offered US$800,000 at 7.5%, has appealed with Secure Property Development & Investment PLC.
Debtor
AdvEn Inc. & AdvEn Industries Inc.
Proposal trustee
Alvarez & Marsal
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Convertible Noteholders (various investors, 10% senior secured convertible promissory notes)Series of 10% senior secured convertible promissory notes; approximately US$4 million raised between December 2021 and September 2022; any security pledged is subject to Proposal Trustee's security review — All Convertible Notes have matured and AdvEn is in default; certain noteholders entered extension/amendment agreements in 2025 which have also matured; amount is aggregate outstanding including accrued interest and penalties as of April 30, 2026 — debtor: AdvEn Inc. (including through predecessor Nano Innovations Inc.) · as of 30 Apr 2026 | $10.5M | First Report of the Proposal Trustee |
Sale process approved — SISP approved to solicit interest in acquisition of or investment in the Property/BusinessOrder (SISP & Stay Extension) · 19 Aug 2026
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
| Report of the Proposal Trustee | PDF · Subscribers | |
| Affidavit of Brenda Lewis-Besler - Affidavit | PDF · Subscribers | |
| Application (September 14, 2026) | PDF · Subscribers | |
| Memorandum of Argument (September 14, 2026) | PDF · Subscribers | |
| Affidavit of Brenda Lewis-Besler - Exhibits A-M | PDF · Subscribers | |
| Affidavit of Jacques Demer | PDF · Subscribers | |
| Affidavit of Kary Heikoop | PDF · Subscribers | |
| Affidavit of Service | PDF · Subscribers | |
Application (August 19, 2026)
| PDF · Subscribers | |
| Civil Notice of Appeal (SPDI & 2815793 Alberta Ltd.) | PDF · Subscribers | |
| Memorandum of Argument(Leave Application) | PDF · Subscribers | |
Order (SISP & Stay Extension)
| PDF · Subscribers | |
| Affidavit of Amanda Urban | PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidavit of Brenda Lewis-Besler - Exhibits N-J | PDF · Subscribers | |
| Transcript (Ingo Mueller Cross) | PDF · Subscribers | |
| Notice to Creditors – AdvEn Inc. | PDF · Subscribers | |
Notice to Creditors – AdvEn Industries Inc.
| PDF · Subscribers | |
Certificate for the Notice of Intention – AdvEn Inc.
| PDF · Subscribers | |
Certificate for the Notice of Intention – AdvEn Industries Inc.
| PDF · Subscribers | |
| Affidavit of Ingo Mueller | PDF · Subscribers | |
| Application (Leave Declaration) | PDF · Subscribers | |
| Bench Brief of the Applicants | PDF · Subscribers | |
| Book of Authorities | 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., “AdvEn Inc. & AdvEn Industries Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/adven-inc-adven-industries-inc