Interim receivershipsection 47(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 (the "BIA") and s. 13(2) of the Judicature Act, RSA 2000, c J-2
Allstar Trenching & Excavating Inc. has been the subject of court-supervised insolvency proceedings in Alberta since November 13, 2025, the date on which the Court of King's Bench of Alberta pronounced a receivership order. The matter proceeds under the Bankruptcy and Insolvency Act in Court File No. 2503 22525 and remains active. No further steps have been entered on the record to date: no subsequent orders, reports or hearing dates form part of it.
Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
The officer filed a report. The Company ceased operations in 2025 and its assets are now under the control of the Receiver, who is realizing on the Company's heavy equipment, vehicles, accounts receivable and cash through a public auction process, with no recovery expected for unsecured creditors.
The court granted an approval and vesting order for the sale to Allstar's personal property (the 'Purchased Assets'). Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
stated amounts, drawn to scale · 4 named without a figure
#
Priority class
Creditor
Amount
Source
4
Secured
Servus Credit Union Ltd. · in 23 casesGeneral security interest in all present and after-acquired personal property and proceeds thereof (both debtors); also holds a registered Land Charge (Reg. No. 25103124897, registered 2025-10-31) against real property, and PPSA registrations covering the debtor's motor vehicles/equipment — Stated as 'in excess of $3,700,000' plus interest and costs continuing to accrue - floor amount. Demand for payment made on/around October 31, 2025. Indebtedness further secured by personal guarantee(s) of a company director (Sajid Mohamad Ali). — debtor: Allstar Trenching & Excavating Inc. and 2390850 Albe · as of 29 Oct 2025
$3.7M
Interim Receiver's First Report to Court
4
Secured
Challenger Fleet Management Services Ltd. and Budgetcar Inc.Writ of Enforcement (Reg. No. 25110629843) registered against the debtor's personal property; Edmonton Judicial Centre Court File No. 2503-22641 — Judgment/execution creditors; current amount owing stated as $4,522.84 — debtor: Allstar Trenching & Excavating Inc. · as of 17 Oct 2025
$4.52K
Interim Receiver's First Report to Court
4
Secured
Sidhu and Sons Trucking Ltd.PPSA security agreements (Reg. Nos. 25100628843 and 25100635100, both dated 2025-10-06) over specified trucks and trailers (2019 Peterbilt, 2019 International, 2025 Kenworth, 2015 Kenworth, 2020/2021 Ford F550 flat decks, 2011 F350/XL, BWS low-bed trailer, Trail Tech tilt trailer, 2014 Toyota Tundra, EZ-Z load trailer) — Distinct capacity from its judgment/execution creditor claim (see separate writ of enforcement entry); no balance stated — debtor: Allstar Trenching & Excavating Inc.
—
Interim Receiver's First Report to Court
4
Secured
Keith Tisnic and Roberta TisnicPPSA registration (Reg. No. 24060424967, dated 2024-06-04); collateral description not included in the excerpted pages — Individuals registered as secured parties at the same address as AJ Tisnic Holdings Corp.; possible related party — debtor: Allstar Trenching & Excavating Inc.
—
Interim Receiver's First Report to Court
4
Secured
AJ Tisnic Holdings Corp.PPSA registration (Reg. No. 24060424709, dated 2024-06-04) - security interest limited to accounts receivable rendered on or before May 1, 2024 — Specific collateral only (accounts receivable); no balance stated — debtor: Allstar Trenching & Excavating Inc.
—
Interim Receiver's First Report to Court
5
PMSI / lessors
PPSA equipment financiers (PMSI class) · in 183 casesSerialized-equipment purchase-money/lease security registrations: CNH Industrial Capital Canada Ltd. (2023 Case 580SV backhoe - Reg 24080123901; 2023 Kobelco SK210LC-11 excavator + Craig attachments, asserted first-priority PMSI - Reg 24080124928); PACCAR Financial Ltd./PACCAR Financial Services Ltd. (2025 Kenworth T880 & T480 - Reg 24081328007); Meridian OneCap Credit Corp. (ASV RT25 track loader - Reg 24082734384); Ford Credit Canada Company (2024 Ford F-150 x2 - Regs 24090406370, 24091304474); Mitsubishi HC Capital Canada Leasing, Inc. (2024 ASV RT-25 - Reg 24092708979); Toyota Credit Canad
—
Interim Receiver's First Report to Court
scroll →
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
Liquidation in progress — the Receiver has engaged GD Auctions & Appraisals Inc. to market and sell the Company's capital assets by way of public auctionTrustee's Report to Creditors · 12 Feb 2026
Purchaser
Price
Status
Source
end purchasers at auction, unnamedAllstar's personal property (the 'Purchased Assets') · auction · nominee/assignee: their nominee
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.Approval and Vesting Order
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.
Estate financialsReported figures — never derived
Total assets at filing$4.51M
Total liabilities at filing$2.16M
As at 14 Jan 2026 · per Retrieved from the Company's limited books and records; not reviewed by an independent, external accountant · Entity-level – Allstar Trenching & Excavating Inc. only — Balance sheet also shows figures as at April 30, 2025 (assets 6,230,000; liabilities 3,400,000; equity 2,830,000, in CAD). Figures are in $000's per table header. Shareholder's equity of 2,346,000 reported separately; no stub-period financials prepared after the bankruptcy date of January 22, 2026.
Documents
22 filings
Date
Document
File
Trustee's Report to Creditors
Financial positionAssets $4.51M · Liabilities $2.16M · as at 14 Jan 2026 · per Retrieved from the Company's limited books and records; not reviewed by an independent, external accountant · Entity-level – Allstar Trenching & Excavating Inc. only — Balance sheet also shows figures as at April 30, 2025 (assets 6,230,000; liabilities 3,400,000; equity 2,830,000, in CAD). Figures are in $000's per table header. Shareholder's equity of 2,346,000 reported separately; no stub-period financials prepared after the bankruptcy date of January 22, 2026.
Operational summaryThe Company ceased operations in 2025 and its assets are now under the control of the Receiver, who is realizing on the Company's heavy equipment, vehicles, accounts receivable and cash through a public auction process, with no recovery expected for unsecured creditors.
Recovery outcomeEntries: per estimated; per estimated · Stated on: 2026-02-12 · Table missing:
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
Order date12 January 2026
Purchaserend purchasers at auction, unnamed · nominee/assignee their nominee · Allstar's personal property (the 'Purchased Assets') · auction · approved
Sale advisorGD Auctions & Appraisals Inc. (auctioneer)
Secured creditorsNote: Individuals registered as secured parties at the same address as AJ Tisnic Holdings Corp.; possible related party · Page: 28 · Debtor: Allstar Trenching & Excavating Inc. · Creditor: Keith Tisnic and Roberta Tisnic · Currency: CAD · Security: PPSA registration (Reg. No. 24060424967, dated 2024-06-04); collateral description not included in the excerpted pages
Secured creditors$1.63M · Note: Indebtedness under Credit Facility Letter dated November 16, 2023 and amending letters (July 3, 2024; September 25, 2024; June 3, 2025), Authorized Overdraft Agreement ($1,000,000.00 dated July 3, 2024), and Evergreen Line of Credit Draw Letter (November 8, 2024); demand and s.244 BIA notice of intention to enforce security issued October 31, 2025 · Page: 2 · As of: 2025-10-29 · Debtor: Allstar Trenching & Excavating Inc. · Creditor: Servus Credit Union Ltd. · Security: Security interest in all present and after-acquired personal property; PPSA registrations in Alberta Personal Property Registry
Secured creditors$1.63M · Note: Same total ($1,633,163.48) also confirmed in Servus Statement of Indebtedness as of November 4, 2025 (payout amount). Debt is guaranteed by related party 2390850 Alberta Inc. (Guarantee dated March 22, 2024, limited to $1,350,000) and personally by director/sole shareholder-controller Sajid Mohamad Ali (Unlimited Guarantee dated July 3, 2024). NOI to enforce security served October 31, 2025; demand made October 31, 2025. · Page: 168 · As of: 2025-10-29 · Debtor: Allstar Trenching & Excavating Inc. · Creditor: Servus Credit Union Ltd. (formerly Connect First and Servus Credit Union Ltd.) · Security: General Security Agreement dated May 1, 2024 over all present and after-acquired personal (and real) property of Allstar, registered at Alberta PPR as 24042931127 (Allstar GSA); comprised of Authorized Overdraft $1,247,557.78, three Term Loans ($41,718.27; $20,823.45; $155,917.30), Term Loan $60,718.15, and Business Mastercard $106,428.53 (facility limits: Authorized Overdraft current limit $500,000 with temporary limit $1,200,000 to Sept 1, 2025)
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/allstar-trenching-and-excavating-inc
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.