CatalX CTS Ltd. o/a Catalyx and Catalx Management Ltd.
- Proceeding
- Receivership (court-appointed)section 13(2) of the Judicature Act, RSA 2000, c. J-2, section 99(a) of the Business Corporations Act, RSA 2000, c.B-9, and section 39 of the Law and Equity Act, RSBC 1996, c. 253
- File
- 2401-00457
CatalX CTS Ltd., operating as Catalyx, and Catalx Management Ltd. are the subject of bankruptcy proceedings under the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, under court file B301 223290. The proceedings commenced on May 14, 2026, the date on which the Court pronounced an interim order. The matter remains active. That order is the only step recorded on the file to date.
The officer filed report no. Third Report. Catalx has ceased operations following the wind-down of its crypto trading platform; the Proposal has been fully performed and the Proposal Trustee is now seeking its discharge following resolution of a creditor objection and taxation hearing.
The Court pronounced an interim order, the first step on the file, on the same date the bankruptcy proceeding respecting the two Catalyx entities commenced.
Source: Order (Taxation Hearing)
Letter to Commercial Coordinator from Respondents encl decision to be relied on — Stakeholder communication
Application (Approval of Receiver's Activities) - Returnable May 28, 2024 — Application / notice of application
The court appointed Deloitte Restructuring Inc. as receiver-manager, on the application of CatalX CTS Ltd. and Hyuk Jae Park. Court file 2401-00457.
Source: Receivership Order
Guide
What to do when a company that owes you money goes bankrupt in Canada
When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.
Outcome brief
CatalX: the claims came after the vote, and the dividend was 0.30%
The Calgary crypto platform's chief executive funded its receivership and, with other directors, a $210,000 proposal; proven claims grew from about $3.2 million at the creditors' meeting to $23.1 million, the trustee wrote off $235,633 of its fees, an objection was dismissed, and on September 17, 2026, Deloitte was discharged after paying creditors 0.30%.
Debtor
CatalX CTS Ltd. o/a Catalyx and Catalx Management Ltd.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Neufeld | Court of King's Bench of Alberta | 3 orders, Jan 2024 – Jun 2025 | 45 cases on record |
| Justice Simard | Court of King's Bench of Alberta | 2 orders, Jan 2026 – May 2026 | 35 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDeloitte | Burnet Duckworth & Palmer LLP | 17 Jan 2024 | Service list · 17 Jan 2024 |
| Applicant | Miller Thomson LLP | 17 Jan 2024 | Service list · 17 Jan 2024 |
| DebtorCatalX CTS Ltd. o/a Catalyx and Catalx Management Ltd. | Miller Thomson LLP | 17 Jan 2024 | Factum · 17 Jan 2024 |
| CreditorBittrex Global | Stikeman Elliott LLP | 17 Jan 2024 | Service list · 17 Jan 2024 |
| CreditorJae Ho Lee | Jensen Shawa Solomon Duguid Hawkes LLP · Singleton Urquhart Reynolds Vogel LLP | 17 Jan 2024 | Service list · 17 Jan 2024 |
| CreditorRelm Insurance | Kissel Straton & Wilmer LLP | 17 Jan 2024 | Service list · 17 Jan 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust class - unremitted source deductions; approximate figure; CRA will not conduct payroll/GST audits due to lack of books and records but may schedule audits later, which could result in additional tax liabilities — debtor: Catalx CTS Ltd. | $262K | First Report of the Receiver |
| 4 | Secured | |||
| 4 | Secured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Unsecured creditors: a distribution.FinalProposal Trustee's Third and Final Report · 29 Jun 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | proven | of proven claimsconditional | Finalper the proposal trustee | Proposal Trustee's Third and Final Report · 29 Jun 2026 |
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.
3 blurred figures 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 plansCumulative receipts
$321K
As at 29 Jun 2026Proposal Trustee's Third and Final Report
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Order Discharging Trustee | PDF · Subscribers | |
| Order Adjourning Trustee's Discharge Application | PDF · Subscribers | |
Proposal Trustee's Third and Final Report
| PDF · Subscribers | |
Order (Taxation Hearing)
| PDF · Subscribers | |
Proposal Trustee's Second Report
| PDF · Subscribers | |
Letter to Commercial Coordinator encl Service List
| PDF · Subscribers | |
Order (Advice and Directions) granted by Justice Simard
| PDF · Subscribers | |
| Letter to Commercial Coordinator | PDF · Subscribers | |
| Letter to Commercial Coordinator encl ASC Reply Brief | PDF · Subscribers | |
| Letter to Commercial Coordinator encl Appendix A to ASC's Brief | PDF · Subscribers | |
| Letter to Commercial Coordinator from Respondents encl decision to be relied on | PDF · Subscribers | |
| ASC Reply Brief | PDF · Subscribers | |
| Reply Brief | PDF · Subscribers | |
| Respondent Book of Authorities | PDF · Subscribers | |
| Secretarial Affidavit | PDF · Subscribers | |
| Application | PDF · Subscribers | |
Receiver's Discharge Certificate - filed November 7, 2025
| PDF · Subscribers | |
| Proposed Form of Order | PDF · Subscribers | |
| Affidavit of Regie Agcaoili | PDF · Subscribers | |
| Affidavit of Justin Dunphy | PDF · Subscribers | |
| Notice of Hearing | PDF · Subscribers | |
| 30 Day Notice to Unproven Creditors | PDF · Subscribers | |
Discharge Order
| PDF · Subscribers | |
Order (Approval of Proposal)
| PDF · Subscribers | |
| Amended Notice of Hearing of Application for Court approval of Proposal | PDF · Subscribers | |
Second and Final Report of the Receiver
| PDF · Subscribers | |
| N otice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
| Report of Trustee on Proposal (Form 40) | PDF · Subscribers | |
| Certificate of Filing | PDF · Subscribers | |
| Creditors Package | PDF · Subscribers | |
| Proposal Trustee's First Report | PDF · Subscribers | |
| Application (Approval of Receiver's Activities) - Returnable May 28, 2024 | PDF · Subscribers | |
| Order (Approval of Receiver's Fees and activities) | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| ASC Decision | PDF · Subscribers | |
| N otice and Statement of the Receiver | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
Proposed Receiver's Report
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Affidavit of Hyuk Jae Park
| PDF · Subscribers | |
Originating Application
| 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., “CatalX CTS Ltd. o/a Catalyx and Catalx Management Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/catalx-cts-ltd-and-catalx-management-ltd