#Order
The proposal was approved, binding the estate of EmberClear Corp., whose sworn Statement of Affairs had shown unsecured claims of $8,568,074.52 against assets of $1,193,435.00.
EmberClear Corp.
FollowActive
- Proceeding
- ProposalPart III, Division 1 of the Bankruptcy and Insolvency Act
- File
- 25-2119793
Filings held4
Last activity24 Jun 2016
On the record3,741 days
OverviewSummary updated
EmberClear Corp. remains in an active Division I proposal proceeding under Part III, Division 1 of the Bankruptcy and Insolvency Act, with Ernst & Young Inc. as trustee and the matter carried in the Court of King's Bench of Alberta under court file 25-2119793. The Statement of Affairs (Form 78), as stated and estimated by the trustee as at May 5, 2016, put the company's assets at $1,193,435.00 against total liabilities of $9,263,074.52, a deficiency of $8,069,639.52. Unsecured claims made up $8,568,074.52 of that total, with preferred claims of $70,000.00 and contingent or trust claims of $625,000.00; no balance of secured claims was recorded. The proposal was approved on June 24, 2016.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
#Order
The Alberta court granted an interim order, the step the record treats as commencing the Division I proposal proceeding under court file 25-2119793.
2 earlier updates, back to 24 June 2016 — subscribers.
Parties
Debtor
EmberClear Corp.
Proposal trustee
Deloitte
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate total per Statement of Affairs) · in 532 casesTotal unsecured creditors per List A; full itemized list (13 pages) not entirely provided in extracted pages - only page 2 of 13 available, showing entries 1-24. — debtor: EmberClear Corp. · as of 5 May 2016 | $8.57M | Report of the Trustee on Proposal, dated June 14, 2016 |
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · sanctionedOrder - Approving Proposal, filed June 24, 2016 · 24 Jun 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | preferred creditors of EmberClear | — | paid in full | Under the plansanctionedper the trustee | Order - Approving Proposal, filed June 24, 2016 · 24 Jun 2016 |
| Unsecured | proven creditors who elected the Note Option | — | a distribution | Under the plansanctionedper the trustee | Order - Approving Proposal, filed June 24, 2016 · 24 Jun 2016 |
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
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents4 filings
| Date | Document | File |
|---|---|---|
Order - Approving Proposal, filed June 24, 2016
| PDF · Subscribers | |
Report of the Trustee on Proposal, dated June 14, 2016
| PDF · Subscribers | |
Notice of Proposal and First Meeting of Creditors Package
| PDF · Subscribers | |
Proposal, filed May 5, 2016
| 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., “EmberClear Corp.” (Proposal), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/emberclear-corp