Proceedings.

Ignite Alliance Corp.

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Proceeding
NOIBankruptcy and Insolvency Act, RSC 1985, c B-3, sections 50.4(1) and 50.4(9)
File
25-3336652
Filings held21
Last activity10 Jul 2026
On the record213 days
OverviewSummary updated

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.

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Case updates21 dated entries

18 earlier updates, back to 20 February 2026 subscribers.

Parties

Debtor

Ignite Alliance Corp.

Proposal trustee

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BourqueCourt of King's Bench of Alberta2 orders, Feb 2026 – Mar 202628 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorATB FinancialMiller Thomson LLP5 Mar 2026Service list · 5 Mar 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency · in 926 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$1.59MNotice to Creditors dated February 25, 2026

46 more claims across lower-ranking classes

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Sale processAs stated in the filings

2 transactions · 1 proposed · 1 closedthe MNP Transaction closedTrustee's Report on Preliminary Administration dated July 10, 2026 · 10 Jul 2026

PurchaserPriceStatusSource
MNPsubstantially all of Ignite's assets · asset sale · agreement 8 Apr 2026SubscribersProposedSecond Report of the Proposal Trustee dated…
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 2026not statedClosed8 May 2026Trustee's Report on Preliminary Administration…
AdvisorsKluane Financial Services Inc. (financial advisor)Second Report of the Proposal Trustee dated April 15, 2026
Closing termsVesting occurs upon delivery of the Proposal Trustee's Closing Certificate to the Purchaser (or its nominee), confirming payment of the Purchase Price and satisfaction of closing conditions.Sale Approval and Vesting Order dated April 23, 2026
Sealed materialsConfidential Affidavit and Confidential SupplementSale Approval and Vesting Order dated April 23, 2026
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. CRA paid in full.EstimatedSecond Report of the Proposal Trustee · 15 Apr 2026

ClassCreditorClaimsRecoveryBasisSource
Deemed trustCRApaid in fullconditionalEstimatedper the proposal trusteeSecond Report of the Proposal Trustee · 15 Apr 2026
Unsecuredno distributionconditionalEstimatedper the proposal trusteeSecond 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 stated figure across 2 outcomes, each sourced

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Fees and ratesAs stated in the filings

2 engagements · 2 firmslatest: (firm not named), 9 Feb – 31 Mar 2026Second Report of the Proposal Trustee · 15 Apr 2026

FirmPeriodHoursFeesRatesSource
(firm not named)capacity not statedfirm not named in the heading9 Feb – 31 Mar 2026•••not statedSecond Report of the Proposal Trustee · 15 Apr 2026
KSV Restructuring Inc.Proposal trustee9 Feb – 31 Mar 2026•••not statedSecond Report of the Proposal Trustee · 15 Apr 2026

8 stated figures across 2 engagements, each sourced

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$1.11M

As at 15 Apr 2026Second Report of the Proposal Trustee dated April 15, 2026

2 more reported figures, as at 15 Apr 2026

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Documents
21 filings
DateDocumentFile
Trustee's Report on Preliminary Administration dated July 10, 2026
  • Closing confirmed Closed · 8 May 2026 · MNP Digital Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Notice to Creditors dated June 29, 2026PDF · Subscribers
Certificate of Filing dated June 23, 2026PDF · Subscribers
Proposal Trustee's Closing Certificate dated May 8, 2026
  • Closing confirmed Closed · 8 May 2026 · MNP Digital Inc.
PDF · Subscribers
Sale Approval and Vesting Order dated April 23, 2026
  • Closing terms Vesting occurs upon delivery of the Proposal Trustee's Closing Certificate to the Purchaser (or its nominee), confirming payment of the Purchase Price and satisfaction of closing conditions.
  • Order date 23 April 2026
  • Purchaser 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 · approved
  • Sale outcome Sale approved — The Transaction is hereby approved and execution of the APA by Ignite is hereby authorized and approved
  • + 2 more extracted facts
PDF · Subscribers
Stay Extension Order dated April 23, 2026
  • Commencement date 20 February 2026
  • Court Court of King's Bench of Alberta, Judicial Centre Calgary
  • Debtor names Ignite Alliance Corp.
  • Order date 23 April 2026
  • + 3 more extracted facts
PDF · Subscribers
Second Report of the Proposal Trustee dated April 15, 2026
  • Operational summary Ignite is an IT services provider with ~50 full-time employees, offering video conferencing, cybersecurity, audio-visual, analytics, and unified communications services, seeking a sale of its business to MNP Digital Inc. through NOI proceedings under the BIA following unsuccessful pre-filing refinancing and the Kluane Sale Process.
  • Process results 49 solicited · as of 15 Apr 2026
  • Cash on hand · Fee schedule Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Affidavit No. 2 of Steven Taylor sworn April 13, 2026PDF · Subscribers
Application of Ignite Alliance Corp. dated April 13, 2026
  • Applicant Ignite Alliance Corp.
  • Appointee KSV Restructuring Inc.
  • Appointee role proposal trustee
  • Court COURT OF KING'S BENCH OF ALBERTA
  • + 2 more extracted facts
PDF · Subscribers
Book of Authorities of Ignite Alliance Corp. dated April 13, 2026PDF · Subscribers
Brief of Law of Ignite Alliance Corp. dated April 13, 2026PDF · Subscribers
Service List dated March 5, 2026
  • Counsel Miller Thomson LLP
PDF · Subscribers
Affidavit of Service sworn March 2, 2026PDF · Subscribers
Stay Extension Order dated March 2, 2026
  • Commencement date 20 February 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Ignite Alliance Corp.
  • Order date 2 March 2026
  • + 3 more extracted facts
PDF · Subscribers
First Report of the Proposal Trustee dated February 26, 2026
  • Operational summary Ignite currently operates as an information technology (IT) services provider, offering video conferencing solutions, cybersecurity services, audio-visual technologies, analytics, unified communications, and other related IT services.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice to Creditors dated February 25, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit No. 1 of Steven Taylor sworn February 23, 2026
PDF · Subscribers
Application of Ignite Alliance Corp. dated February 23, 2026
  • Applicant Ignite Alliance Corp.
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 25-3336652
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Book of Authorities of Ignite Alliance Corp. dated February 23, 2026
  • Presiding officer Justice M.H. Bourque
PDF · Subscribers
Brief of Law of Ignite Alliance Corp. dated February 23, 2026PDF · Subscribers
Certificate for the Notice of Intention dated February 20, 2026PDF · 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 20 September 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.