Emtech Energy Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-2685734
- Industry
- Construction · Specialty trade contractors
Emtech Energy Ltd. made an assignment into bankruptcy on November 3, 2020, under section 49 of the Bankruptcy and Insolvency Act, with Grant Thornton Limited acting as trustee. A Statement of Affairs as at October 29, 2020 reported total liabilities of $636,547.94 against total assets of $339,439.24, a deficiency of $297,108.70. Secured creditor Servus Credit Union Ltd. held a $216,804.85 claim secured against accounts receivable, with an estimated surplus from security of $122,634.39. Unsecured creditors listed include Nedco - Div. of Rexel Canada Electrical Inc. ($125,154.08), Comtech Communication Technologies ($86,121.08), Cummins Western Canada ($47,391.26) and Graybar Canada ($26,938.20), among others. The matter remains active.
Debtor
Emtech Energy Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (810987230RP0001) · in 985 casesListed as contingent/other liability; nature of liability 'CRA Deemed Trust' - deemed trust class — debtor: Emtech Energy Ltd. · as of 29 Oct 2020 | $1 | Creditor Package - November 10, 2020 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
47 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 distribution.EstimatedTrustee's Preliminary Report to Creditors - November 17, 2020.pdf · 17 Nov 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report to Creditors - November 17, 2020.pdf · 17 Nov 2020 |
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
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors - November 17, 2020.pdf
| PDF · Subscribers | |
Creditor Package - November 10, 2020
| 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., “Emtech Energy Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/emtech-energy-ltd