CLL Capital Corp (Bankruptcy)

CLL Capital Corp. has been in bankruptcy under the Bankruptcy and Insolvency Act since April 21, 2022, in the Court of King's Bench of Alberta under file 24-2823737, and the proceeding remains active. The application was brought by MNP Ltd. in its capacity as former Proposal Trustee of 3MK Energy Services Ltd., CLL Capital Corp. and Last Chance Trucking (1995) Ltd., and as Security Agent for Canadian Western Bank. The Statement of Affairs as at July 11, 2022 puts assets at $1,838,277.25 against liabilities of $3,085,862.18, a deficiency of $1,247,584.93 with no surplus. Canadian Western Bank holds a secured claim of $2,183,195.00, secured chiefly by $1,802,020.00 of cash on deposit with the bank, leaving an unsecured balance of $344,917.75. Preferred claims total $17,596.59; unsecured creditors total $1,229,988.34.