Ivar Tek Inc.
- Proceeding
- BankruptcySection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- File
- 25-2831834
Ivar Tek Inc. is the subject of insolvency proceedings in which a trustee has reported on creditors' claims against the company. Secured claims include $8,000.00 owed to five wage earner claimants under Section 81(3) of the BIA for unpaid vacation pay, $72,125.02 owed to Servus Credit Union under a first-ranking general security agreement, $260,000.00 claimed by the Canada Revenue Agency as a deemed trust for unremitted payroll source deductions (no formal claim yet received, subject to CRA audit), and $246,014.15 owed to 1011051 Alberta Ltd. under a second-ranking general security agreement. Unsecured creditors have filed claims totalling $141,467.00 to date.
Undated filings1 — no date appears on the document · show
Debtor
Ivar Tek Inc.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesas of date of this report — Deemed trust claim re: unremitted payroll source deductions — Approximate amount per Trustee's understanding; claim subject to audit by CRA; no claim received from CRA as of report date; deemed trust class — debtor: IvarTek Inc. | $260K | Trustee's Report on Preliminary Administration |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Report on Preliminary Administration · 6 Jun 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report on Preliminary Administration · 6 Jun 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.
As at ·
The 2 totals 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 |
|---|---|---|
Creditor Package - IvarTek inc
| PDF · Subscribers | |
Trustee's Report on Preliminary Administration
| 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., “Ivar Tek Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/ivar-tek-inc