Bayer Systems Ltd.
- Proceeding
- ProposalSections 58(d) and 59(1) of the BIA
- File
- 24-3244368
- Industry
- Construction · Specialty trade contractors
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.
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 |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies (Account 83668 1148 RP0001) · in 87 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 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · sanctionedNotice to Creditors Package - Division I Proposal · 13 Aug 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order Approving the Proposal - December 8, 2025
| PDF · Subscribers | |
Report of Trustee on Proposal - Filed December 3, 2025
| PDF · Subscribers | |
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 29, 2025
| PDF · Subscribers | |
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - October 15, 2025
| PDF · Subscribers | |
Meeting of Creditors - Reconvened Meeting Minutes and Attendance List - September 18, 2025
| PDF · Subscribers | |
Meeting of Creditors - Minutes and Attendance List - August 25, 2025
| PDF · Subscribers | |
Notice to Creditors Package - Division I Proposal
| PDF · Subscribers | |
Division I Proposal Certificate from the OSB - Estate #24-3244368
| PDF · Subscribers | |
Notice to Creditors Package - NOI
| PDF · Subscribers | |
Notice of Intention Certificate from the OSB - Estate #24-3244368
| 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., “Bayer Systems Ltd.” (Proposal), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/bayer-systems-ltd