Ignite Alliance Corp., an IT services provider offering video conferencing, cybersecurity, audio-visual, analytics and unified communications services with roughly 50 full-time employees, filed a notice of intention on February 20, 2026 under sections 50.4(1) and 50.4(9) of the Bankruptcy and Insolvency Act, after pre-filing refinancing efforts and the Kluane Sale Process proved unsuccessful. The proceedings are before the Court of King's Bench of Alberta, Judicial Centre Calgary. On April 23, 2026 the Court approved a sale of the business to MNP Digital Inc., with the purchased assets to vest only on delivery of the Proposal Trustee's closing certificate. The Confidential Affidavit and Confidential Supplement have been sealed. Cumulative receipts of $1,109,000 are recorded. The proceeding remains active.
The officer filed a report. Ignite sold substantially all of its business and assets to MNP under the APA, terminated its employees, and is now a wound-down estate under the Trustee's administration, with recovery focused on collection of the outstanding Closing AR by MNP.
Source: Trustee's Report on Preliminary Administration dated July 10, 2026
A further order was pronounced the same day as the sale approval, extending the time to file a proposal to June 20, 2026, approving the Proposal Trustee's activities and fees, authorizing distributions from the sale proceeds and granting releases effective on closing.
Approved the sale of the purchased assets to MNP Digital Inc., with vesting on delivery of the Proposal Trustee's closing certificate confirming payment of the purchase price, satisfaction or waiver of the Article 6 conditions and completion of the transaction.
Source: Sale Approval and Vesting Order dated April 23, 2026
Proposal Trustee filed its second report, eight days before the Court pronounced the sale approval and vesting order and a further order.
Source: Second Report of the Proposal Trustee dated April 15, 2026
Application of Ignite Alliance Corp. dated April 13, 2026 — Application / notice of application
Book of Authorities of Ignite Alliance Corp. dated April 13, 2026 — Application / notice of application
The Court of King's Bench of Alberta pronounced an order in Ignite's notice of intention proceedings.
Proposal Trustee filed its First Report, the first report to the Court following Ignite's February 20, 2026 notice of intention.
Source: First Report of the Proposal Trustee dated February 26, 2026
Application of Ignite Alliance Corp. dated February 23, 2026 — Application / notice of application
Ignite Alliance Corp. — NOI filed, Alberta.
Source: Certificate for the Notice of Intention dated February 20, 2026
Guide
Division 1 proposal: how it works for a business in Canada
When a Canadian business can't pay its debts, a Division 1 proposal lets it keep operating while it offers creditors a deal. How the notice of intention, the six-month clock, the vote and court approval work, what CRA must be paid, and what happens when it fails, drawn from the court record.
Outcome brief
Ignite Technology: sold to MNP inside an NOI, then deemed bankrupt
A term sheet signed a week before filing bound the Calgary IT firm to an NOI and to seek approval of a sale to MNP Digital. Justice Jones approved it April 23, 2026, at a sealed price; no proposal followed, and on June 20 Ignite was deemed bankrupt, listing liabilities over $9.80 million.
Debtor
Ignite Alliance Corp.
Proposal trustee
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jones | Court of King's Bench of Alberta | 2 orders, Apr 2026 | 93 cases on record |
| Justice Bourque | Court of King's Bench of Alberta | 2 orders, Feb 2026 – Mar 2026 | 39 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorATB Financial | Miller Thomson LLP | 5 Mar 2026 | Service list · 5 Mar 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust class claim, listed as secured; Preliminary list of creditors as at February 20, 2026, without admission as to any liability or privilege. — debtor: Ignite Alliance Corp. · as of 20 Feb 2026 | $1.59M | Notice to Creditors dated February 25, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
46 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 plansSale closed — the MNP Transaction closedTrustee's Report on Preliminary Administration dated July 10, 2026 · 10 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| MNP Digital Inc.the Company's right, title and interest in and to the purchased assets described in the APA (the "Purchased Assets") · asset sale · agreement 8 Apr 2026 | Subscribers | Closed8 May 2026 | Trustee's Report on Preliminary Administration… |
Unsecured creditors: no distribution. CRA paid in full.EstimatedSecond Report of the Proposal Trustee · 15 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | paid in fullconditional | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 15 Apr 2026 | |
| Unsecured | — | — | no distributionconditional | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 15 Apr 2026 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans2 engagements · 2 firms — latest: KSV Restructuring Inc., 9 Feb – 31 Mar 2026, in feesSecond Report of the Proposal Trustee · 15 Apr 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| KSV Restructuring Inc.Proposal trustee | 9 Feb – 31 Mar 2026 | — | not stated | Second Report of the Proposal Trustee · 15 Apr 2026 | |
| MLT Aikins LLPCounsel to the trustee | 9 Feb – 31 Mar 2026 | — | not stated | Second Report of the Proposal Trustee · 15 Apr 2026 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$1.11M
As at 15 Apr 2026Second Report of the Proposal Trustee dated April 15, 2026
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the total 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 Report on Preliminary Administration dated July 10, 2026
| PDF · Subscribers | |
Notice to Creditors dated June 29, 2026
| PDF · Subscribers | |
| Certificate of Filing dated June 23, 2026 | PDF · Subscribers | |
Proposal Trustee's Closing Certificate dated May 8, 2026
| PDF · Subscribers | |
Sale Approval and Vesting Order dated April 23, 2026
| PDF · Subscribers | |
Stay Extension Order dated April 23, 2026
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated April 15, 2026
| PDF · Subscribers | |
| Affidavit No. 2 of Steven Taylor sworn April 13, 2026 | PDF · Subscribers | |
Application of Ignite Alliance Corp. dated April 13, 2026
| PDF · Subscribers | |
| Book of Authorities of Ignite Alliance Corp. dated April 13, 2026 | PDF · Subscribers | |
| Brief of Law of Ignite Alliance Corp. dated April 13, 2026 | PDF · Subscribers | |
Service List dated March 5, 2026
| PDF · Subscribers | |
| Affidavit of Service sworn March 2, 2026 | PDF · Subscribers | |
Stay Extension Order dated March 2, 2026
| PDF · Subscribers | |
First Report of the Proposal Trustee dated February 26, 2026
| PDF · Subscribers | |
Notice to Creditors dated February 25, 2026
| PDF · Subscribers | |
Affidavit No. 1 of Steven Taylor sworn February 23, 2026
| PDF · Subscribers | |
Application of Ignite Alliance Corp. dated February 23, 2026
| PDF · Subscribers | |
Book of Authorities of Ignite Alliance Corp. dated February 23, 2026
| PDF · Subscribers | |
| Brief of Law of Ignite Alliance Corp. dated February 23, 2026 | PDF · Subscribers | |
| Certificate for the Notice of Intention dated February 20, 2026 | 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., “Ignite Alliance Corp.” (NOI), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/ignite-alliance-corp
Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/ignite-alliance-corp
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.