Country Club Casuals Enterprises (1997) Ltd.

Country Club Casuals Enterprises (1997) Ltd. has been in bankruptcy under the BIA in Alberta since August 10, 2011, administered by Grant Thornton Alger Inc. as trustee under court file 25-1527278. The Statement of Affairs lists assets of $205,800: inventory of $200,000, accounts receivable of $5,000, furniture of $500 and equipment of $300. Royal Bank of Canada holds security over all present and after-acquired property, registered under the Alberta PPSA, against $150,000 drawn on a line of credit per the company's records; the bank had filed no proof of claim as of the trustee's report, and the trustee has not yet completed a legal review of that security. Potential priority claims comprise $2,653.32 of employee payroll deductions owing to CRA and a Service Canada WEPPA vacation pay claim of approximately $1,500. The estate remains active.