Proceedings.

BR Capital Inc. et al.

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Proceeding
Proposalsection 59 of the Bankruptcy and Insolvency Act
Court
Court of King's Bench of Alberta
File
2201-11627
Industry
Technology, media & telecom · Software & IT services
Filings held65
Last activity30 Oct 2023
On the record1,102 days
OverviewSummary updated

BR Capital Inc. et al. have no secured lenders, according to the Proposal Trustee's summary of unsecured creditors known as of the July 31, 2022 notice of intention filing. That summary lists a Canada Revenue Agency deemed-trust claim for unpaid payroll source deductions of $179,000, trade creditors totalling $356,000, and a preferred claim of $80,000 owed to current and prior employees for unpaid wages, vacation, and severance. The largest exposure is to noteholders under the BR Notes, owed $9,713,000 in principal and accrued interest against an original aggregate principal of approximately $6.9 million issued to roughly 40 noteholders. A related-party claim for deferred management compensation owed to the Companies' CEO and CFO totals $1,662,000. No consolidated balance sheet is presented in the record.

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Case updates63 dated entries · 2 undated
#Report

The officer filed a report. BR Capital LP's proposal, arising from COVID-19-related contract cancellations and overleverage, would issue units to creditors in exchange for extinguishing unsecured claims, allowing the company to continue operating with potential future distributions; if rejected, the group would become bankrupt with no anticipated recovery for creditors.

Source: Court Filed March 3, 2023 - Form 40 Report of Trustee on Proposal

Undated filings2 — no date appears on the document · show
—
Filing

Affidavit in Support of Application for the Approval of the Proposal part 2 — Application filed

PDF · Subscribers

Parties

Debtor

BR Capital Inc. et al.

Proposal trustee

KPMG

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesDeemed trust class - unpaid payroll source deductions — debtor: BR Capital Group companies · as of 31 Jul 2022$179KFirst Report of the Proposal Trustee
6Landlord preferred
8Unsecured
8Unsecured
8Unsecured

4 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Landlord preferred and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Preferred creditors: paid in full.Under the plan · sanctionedApproval Order filed March 6, 2023 · 3 Mar 2023

ClassCreditorClaimsRecoveryBasisSource
PreferredPriority Governmental Claims, Priority Employee Claims and Preferred Claims—paid in fullUnder the plansanctionedper the proposal trusteeApproval Order filed March 6, 2023 · 3 Mar 2023

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

As at ·

Cash on hand

$25K

As at 27 Feb 2023Court Filed March 3, 2023 - Form 40 Report of Trustee on Proposal

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
65 filings
DateDocumentFile
Trustee's Certificate - 1 filed Oct 30, 2023PDF · Subscribers
Trustee's Certificate - 2 filed Oct 30, 2023PDF · Subscribers
Trustee's Certificate - 3 filed Oct 30, 2023PDF · Subscribers
Approval Order filed March 6, 2023
  • Presiding officer Justice C. Jones
  • Recovery outcome Entries: per plan · Stated on: 2023-03-03 · Table missing:
PDF · Subscribers
Court Filed March 6, 2023 - Order (Approval of Proposal)
  • Presiding officer Justice C. Jones
  • Recovery outcome Entries: per plan · Stated on: 2023-03-03 · Table missing:
PDF · Subscribers
Court Filed March 3, 2023 - Form 40 Report of Trustee on Proposal
  • Operational summary BR Capital LP's proposal, arising from COVID-19-related contract cancellations and overleverage, would issue units to creditors in exchange for extinguishing unsecured claims, allowing the company to continue operating with potential future distributions; if rejected, the group would become bankrupt with no anticipated recovery for creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order (Approval of Proposal)
  • Presiding officer Justice C. Jones
PDF · Subscribers
Fourth Report of the Proposal Trustee
  • Cash on hand · Disbursements · Financial position · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Joint Application for Approval of the Proposal
  • Appointee KPMG Inc.
  • Appointee role proposal trustee
  • Recovery outcome Entries: per liquidation_alternative; per plan · Table missing:
  • Statutory basis section 59 of the Bankruptcy and Insolvency Act
PDF · Subscribers
Affidavit in Support of Application for the Approval of the Proposal part 1PDF · Subscribers
Report of Trustee on Proposal
PDF · Subscribers
Third Report of the Proposal TrusteePDF · Subscribers
Creditors PackagePDF · Subscribers
Certificate of filing - BR Capital LPPDF · Subscribers
Certificate of filing - First Response International GP LPPDF · Subscribers
Certificate of filing - First Response International Inc.PDF · Subscribers
Certificate of filing - First Response International LPPDF · Subscribers
Certificate of filing - HELP Inc.PDF · Subscribers
Certificate of filing - Health Education GP LPPDF · Subscribers
Certificate of filing - Health Education LPPDF · Subscribers
Certificate of filing - ICE Health Systems GP LPPDF · Subscribers
Certificate of filing - ICE Health Systems Inc.PDF · Subscribers
Certificate of filing - ICE Health Systems LPPDF · Subscribers
Certificate of filing - ICE Health Systems Ltd.PDF · Subscribers
Certificate of filing - SESCI Health Services Inc.PDF · Subscribers
Brief of Argument of the Proposal Trustee (Approval of Proposal)PDF · Subscribers
Extension Order 2022-12-01
  • Presiding officer Justice Dunlop
PDF · Subscribers
Affidavit of J. LawsonPDF · Subscribers
Application
  • Applicant BR Capital LP, BR Capital Inc., ICE Health Systems LP, ICE Health Systems GP LP, ICE Health Systems Inc., Health Education LP, Health Education GP LP, Help Inc., First Response International LP, First Response International GP LP, First Response International Inc., ICE Health Systems Ltd. and SESCI
  • Appointee KPMG Inc.
  • Appointee role proposal trustee
  • Court COURT OF KING’S BENCH OF ALBERTA
  • + 1 more extracted fact
PDF · Subscribers
Second Report of the Proposal TrusteePDF · Subscribers
Signed Order 2022-10-25
  • Presiding officer Justice C. Dario
PDF · Subscribers
Application - Procedural Consolidation, BIA Charges, Stay ExtensionPDF · Subscribers
Bench Brief of the Applicants - BR Capital GroupPDF · Subscribers
First Report of the Proposal Trustee
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Supplemental Affidavit M. GeniusPDF · Subscribers
Affidavit M.Genius part 1PDF · Subscribers
Affidavit M.Genius part 2PDF · Subscribers
Affidavit M.Genius part 3PDF · Subscribers
Affidavit M.Genius part 4PDF · Subscribers
Affidavit M.Genius part 5PDF · Subscribers
Affidavit M.Genius part 6PDF · Subscribers
Affidavit M.Genius part 7PDF · Subscribers
Notice of Intention - First Response International GP LPPDF · Subscribers
Notice of Intention - First Response International Inc.PDF · Subscribers
Notice of Intention - First Response International LPPDF · Subscribers
Notice of Intention - Health Education LPPDF · Subscribers
Notice of Intention - ICE Health Systems GP LPPDF · Subscribers
Notice of Intention - ICE Health Systems LtdPDF · Subscribers
Notice of Intention - SESCI Health Services Inc.PDF · Subscribers
Certificate for the Notice of Intention - BR Capital Inc.PDF · Subscribers
Certificate for the Notice of Intention - First Response International Inc.PDF · Subscribers
Certificate for the Notice of Intention - ICE Health Systems LPPDF · Subscribers
Certificate for the Notice of Intention - ICE Health Systems LtdPDF · Subscribers
Certificate for the Notice of Intention - Ice Health Systems GP LPPDF · Subscribers
Certificate for the Notice of Intention - SESCI Health Services Inc.PDF · Subscribers
Certificate for the Notice of Intention- First Response International GP LPPDF · Subscribers
Certificate for the Notice of Intention - BR capital LPPDF · Subscribers
Certificate for the Notice of Intention - First Reponse International LPPDF · Subscribers
Certificate for the Notice of Intention - HELP Inc.PDF · Subscribers
Certificate for the Notice of Intention - Health Education GP LPPDF · Subscribers
Certificate for the Notice of Intention - ICE Health Systems Inc.PDF · Subscribers
Certificate of filing - BR Capital Inc.PDF · Subscribers
Proposal
  • Recovery outcome Entries: per plan · Table missing:
PDF · Subscribers
Affidavit in Support of Application for the Approval of the Proposal part 2PDF · Subscribers
Brief - Acceptance of ProposalPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “BR Capital Inc. et al.” (Proposal), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/br-capital-inc-et-al

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Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/br-capital-inc-et-al

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.