CRS CraneSystems Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-3065558
CRS CraneSystems Inc. became bankrupt on April 9, 2024 under the Bankruptcy and Insolvency Act, with MNP Ltd. acting as Licensed Insolvency Trustee in the Court of King's Bench of Alberta under court file 24-3065558. The company's externally audited statements as at September 30, 2023 show total assets of $14,616,874, down from $17,502,107 a year earlier, against current liabilities of $10,149,214 and long-term liabilities of $2,172,000. Secured claims as at the date of bankruptcy include approximately $2.0 million to Export Development Canada, approximately $1.1 million to CIBC, approximately $918,000 to Regimen Equity Partners Inc., approximately $27,000 to Jim Pattison Industries Ltd. and approximately $23,000 to Harold Manifold. The Trustee has a written opinion confirming CIBC's security is valid and enforceable and is obtaining opinions on the others. The Trustee identified 148 unsecured creditors owed $5,559,027.
Certificate of Appointment was filed. Court file 24-3065558.
Source: Certificate of Appointment
Debtor
CRS CraneSystems Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of date of bankruptcy — Deemed trust - all present and after-acquired property — Deemed trust claim for source deductions; document states all amounts owing to CRA for source deductions have been paid; CRA has not filed a proof of claim as of date of report — debtor: CRS CraneSystems Inc. | $0 | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
14 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no recovery.EstimatedTrustee's Report to Creditors · 29 Apr 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the trustee | Trustee's Report to Creditors · 29 Apr 2024 |
| Unsecured | — | — | no recovery | Estimatedper the trustee | Trustee's Report to Creditors · 29 Apr 2024 |
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.
As at ·
The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| PDF · Subscribers | |
First Meeting of Creditor's Package
| PDF · Subscribers | |
Certificate of Appointment
| 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., “CRS CraneSystems Inc.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/crs-cranesystems-inc