Epic Alliance Inc.
- Proceeding
- Court officerSection 43 of the Bankruptcy and Insolvency Act
- File
- Q.B. 150 of 2022
- Industry
- Financial services · Investment funds & schemes
Epic Alliance Inc. remains in active insolvency proceedings. The creditor record to date rests on a Statement of Affairs prepared on Form 78 for Epic Alliance Real Estate Inc., in which the trustee assigned a placeholder claim value of $1.00 to each fund-a-flip (FAF) and hassle-free landlord (HFLP) creditor because the company's books and records were not complete as at August 4, 2022; the trustee notes those figures reflect neither underlying security value nor loss mitigation. Lists C through G, covering preferred creditors, contingent liabilities, debts due, bills and notes, and real property, each total $0.00, and the trustee does not anticipate distributions to unsecured or secured creditors. Quantified unsecured claims include promissory notes of $500,000 each to Wendy Rovers and Catherine Coronel and $440,000 to Dianna Chen-Bitinsky, $158,738.15 owed to Nomad and $60,000 to the Government of Canada.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. First Report. The EA Group, a real estate investment business funded by retail investor mortgages, promissory notes, and share issuances, ceased operations in January 2022, released property keys on approximately 540 homes to first mortgage holders, and has no ongoing business; only nominal cash and other assets remain. Court file Q.B. 150 of 2022.
Source: Epic Alliance Inc. et al. - First Report of the Inspector
Debtor
Epic Alliance Inc.
Restructuring officer · Restructuring officer
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Coronel, CatherineProm Note — debtor: Epic Alliance Real Estate Inc. | $500K | First Meeting of Creditors Package |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
231 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedFirst Meeting of Creditors Package · 12 Aug 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured or secured creditors | — | no distributionconditional | Estimatedper the trustee | First Meeting of Creditors Package · 12 Aug 2022 |
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.
Cumulative receipts
$56.6M
As at 26 Apr 2022Epic Alliance Inc. et al. - First Report of the Inspector
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustees Preliminary Report
| PDF · Subscribers | |
First Meeting of Creditors Package
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Proof of Claim and Instructions | PDF · Subscribers | |
Proxy Form
| PDF · Subscribers | |
Epic Alliance Inc. et al. - First Report of the Inspector
| 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., “Epic Alliance Inc.” (Court officer), Court of King's Bench for Saskatchewan. Retrieved 5 November 2026, https://proceedings.ca/case/epic-alliance-inc