Bayer Systems Ltd.
Follow- Proceeding
- ProposalSections 58(d) and 59(1) of the BIA
- File
- 24-3244368
Bayer Systems Ltd. remains in active insolvency proceedings, with liabilities reported at $1,680,605 against estimated assets of $444,728, both figures drawn from unaudited financial information provided by Company management at the entity level. The asset figure reflects estimated book values as at July 31, 2025, while liabilities are stated as at the Initial Filing Date of August 6, 2025, and comprise a Canada Revenue Agency deemed trust claim of $444,728, ranking ahead of ordinary unsecured claims, and $1,235,878 owing to unsecured creditors. The separate List of Creditors on Form 92, covering claims of $250 or more, totals $1,680,604.25 and includes three CRA Prairies accounts, the largest at $1,088,818.64. The largest trade claims listed are Walectric Industries Inc. at $180,309.87, Westburne West at $123,962.59 and Deep Electrical Supplies Ltd. at $97,023.16.
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 29, 2025 — Meeting materials
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 15, 2025 — Meeting materials
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - September 18, 2025 — Meeting materials
Division I Proposal Certificate from the OSB - Estate #24-3244368 was filed. Court file 24-3244368.
Source: Division I Proposal Certificate from the OSB - Estate #24-3244368
Notice of Intention Certificate from the OSB - Estate #24-3244368 was filed. Court file 24-3244368.
Source: Notice of Intention Certificate from the OSB - Estate #24-3244368
Debtor
Bayer Systems Ltd.
Proposal trustee
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesAggregate figure from trustee's report; itemized listing on the separate List of Creditors ($250+ claims, page 4) totals $1,680,604.25 which includes CRA claims and does not match this unsecured-only figure — debtor: Bayer Systems Ltd. · as of 6 Aug 2025 | $1.24M | Notice to Creditors Package - Division I Proposal |
| Unsecured | CRA - Tax - Prairies (Account 83668 1148 RP0001) · in 86 casesDeemed trust class; one of three CRA line items on this list — debtor: Bayer Systems Ltd. | $1.09M | Notice to Creditors Package - Division I Proposal |
| Unsecured | CRA (Deemed Trust) · in 43 casesDeemed trust class (Certain Crown Claims); ranks ahead of ordinary unsecured per Proposal terms — debtor: Bayer Systems Ltd. · as of 6 Aug 2025 | $445K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Walectric Industries Inc. (Mike K.)debtor: Bayer Systems Ltd. | $180K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Westburne West (Division of Rexel Canada Electrical Inc.) (Mark Isabella)debtor: Bayer Systems Ltd. | $124K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Deep Electrical Supplies Ltd. (Gurpreet Deep)debtor: Bayer Systems Ltd. | $97K | Notice to Creditors Package - Division I Proposal |
| Unsecured | CRA - Tax - Prairies (Account 83668 1148 RT0001) · in 86 casesDeemed trust class; one of three CRA line items on this list — debtor: Bayer Systems Ltd. | $51.4K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Sheaves Capital · in 5 casesdebtor: Bayer Systems Ltd. | $39.6K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Best Electrical Supply (Gurgeet Singh)debtor: Bayer Systems Ltd. | $35.2K | Notice to Creditors Package - Division I Proposal |
| Unsecured | CanaCap · in 13 casesdebtor: Bayer Systems Ltd. | $19.2K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Vista Electrical Products (Jarrod)debtor: Bayer Systems Ltd. | $18K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Merchant Growth · in 4 casesdebtor: Bayer Systems Ltd. | $15.9K | Notice to Creditors Package - Division I Proposal |
| Unsecured | Volt Auto Prodebtor: Bayer Systems Ltd. | $8.31K | Notice to Creditors Package - Division I Proposal |
| Unsecured | CRA - Tax - Prairies (Account 83668 1148 RC0001) · in 86 casesDeemed trust class; one of three CRA line items on this list — debtor: Bayer Systems Ltd. | $2.96K | Notice to Creditors Package - Division I Proposal |
Unsecured creditors: 23 %.Under the plan · sanctionedNotice to Creditors Package - Division I Proposal · 13 Aug 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | 23 % | Under the plansanctionedper the proposal trustee | Notice to Creditors Package - Division I Proposal · 13 Aug 2025 |
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.
per unaudited financial information provided by Company management · Bayer Systems Ltd. (entity level) — Assets estimated book values as at July 31, 2025 (page 19); liabilities as at Initial Filing Date / August 6, 2025 (pages 19-20) - different as-at dates for the two sides. Liabilities comprise CRA (Deemed Trust) $444,728 and Unsecured Creditors $1,235,878.
| Date | Document | File |
|---|---|---|
| Order Approving the Proposal - December 8, 2025 | ||
Report of Trustee on Proposal - Filed December 3, 2025
| ||
| Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 29, 2025 | ||
| Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 15, 2025 | ||
| Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - September 18, 2025 | ||
| Meeting of Creditors - Minutes and Attendance List - August 25, 2025 | ||
Notice to Creditors Package - Division I Proposal
| ||
Division I Proposal Certificate from the OSB - Estate #24-3244368
| ||
| Notice to Creditors Package - NOI | ||
Notice of Intention Certificate from the OSB - Estate #24-3244368
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Bayer Systems Ltd.” (Proposal), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/bayer-systems-ltd