Genesis Technical Systems Corp.
Follow- Proceeding
- BankruptcySection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- File
- BKY 25-2955007
Genesis Technical Systems Corp., an Alberta company, has been in insolvency proceedings since 14 June 2023 (court files B201 955007 and BKY 25-2955007; Estate No. 25-2955007). The Trustee's preliminary report records no secured creditors after a Personal Property Registry review and no priority claims known to the Trustee. The only asset identified is inventory described as various patents, carried at $1.00 on the Statement of Affairs and which the Trustee does not intend to realise for want of funds; no equipment, real estate or other assets are listed, and no asset or liability totals are stated. A third-party deposit of $14,959.00 secures administration costs. The claims register runs to 599 unsecured entries, 539 at a nominal $1.00, with five claims filed and admitted. The report describes the company as a conduit for the investment process for Genesis Technical Systems UK Ltd, which was separately assigned a liquidator.
Debtor
Genesis Technical Systems Corp.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Intercompany creditor - owed to Genesis Technicaldebtor: Genesis Technical Systems Corp. · as of 14 Jun 2023 | $1.17M | Trustee's Preliminary Report on Administration |
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report on Administration · 23 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report on Administration · 23 Jun 2023 |
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.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report on Administration
| PDF · Subscribers | |
Creditor Package - Genesis Technical Systems Corp
| 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., “Genesis Technical Systems Corp.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/genesis-technical-systems-corp