#Order
Interim order granted on the commencement of the Division I proposal, the only step recorded in the Alberta proceeding under court file 24-3135451.
Source: Discharge Order
Grizzly Bear Welding Ltd.
FollowClosed
- Proceeding
- Proposalsection 62 of the Bankruptcy and Insolvency Act
- File
- 24-3135451
OverviewSummary updated
Grizzly Bear Welding Ltd. is the subject of a Division I proposal proceeding under the Bankruptcy and Insolvency Act, commenced September 3, 2025 before the Court of King's Bench of Alberta under court file number 24-3135451. An interim order was granted on the commencement date. The record of the proceeding is now closed, and no further steps are recorded on the file.
Proceedings AIAsk this case — answers cite the filings
Case updates8 dated entries
#Filing
Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal — Notice of hearing
5 earlier updates, back to 27 September 2024 — subscribers.
Parties
Debtor
Grizzly Bear Welding Ltd.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada (BDC) · in 241 casesas of September 27, 2024 — Second position secured creditor — Received $100,000 partial payment from net sale proceeds; document states BDC 'continues to be owed approximately $2.8 million' and 'holds a secured interest in excess of $2.8 million' (floor figure). BDC agreed not to assert full value of its security against sale proceeds; not expected to file a claim in the Proposal. — debtor: Grizzly Bear Welding Ltd. | $2.8M | Trustee's Report to Creditors |
RecoveriesAs declared or paid
Unsecured creditors: a distribution. Canada Revenue Agency a distribution · ATB Financial paid in full · Business Development Bank a distribution.Under the plan · vote pendingTrustee's Report to Creditors · 30 Sep 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Canada Revenue Agency | — | a distribution | Finalper the trustee | Report of the Trustee on the Proposal - Form 40 · 30 Sep 2024 |
| Secured | ATB Financial | — | paid in full | Finalper the trustee | Report of the Trustee on the Proposal - Form 40 · 30 Sep 2024 |
| Secured | Business Development Bank | — | a distribution | Finalper the trustee | Report of the Trustee on the Proposal - Form 40 · 30 Sep 2024 |
| Preferred | Phyllis Longson | — | a distribution | Finalper the trustee | Report of the Trustee on the Proposal - Form 40 · 30 Sep 2024 |
| Unsecured | — | — | a distribution | Under the planvote pendingper the proposal trustee | Trustee's Report to Creditors · 30 Sep 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.
Documents8 filings
| Date | Document | File |
|---|---|---|
Discharge Order
| PDF · Subscribers | |
| Order (Approval of Proposal) | PDF · Subscribers | |
| Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
Report of the Trustee on the Proposal - Form 40
| PDF · Subscribers | |
| Creditor's Package - Proposal and First Meeting of Creditors | PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
Certificate of Filing a Proposal
| PDF · Subscribers | |
Proposal to Creditors
| 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., “Grizzly Bear Welding Ltd.” (Proposal), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/grizzly-bear-welding-ltd