L.C. Greenough Construction Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-3396408
- Industry
- Construction
L.C. Greenough Construction Ltd. made a voluntary assignment into bankruptcy on July 9, 2026, under the BIA in the Court of King's Bench of Alberta, file 24-3396408. Externally compiled, unaudited entity-level statements as at October 31, 2025 show total assets of $2,484,000, current liabilities of $4,825,000, a promissory note due of $801,000 and a shareholder deficit of $(3,142,000); no stub-period statements were prepared to the date of bankruptcy. The Canada Revenue Agency has filed a deemed trust property claim of $981,856 for payroll source deductions, claiming priority over all other claims and subject to change following a trust audit, plus a separate unsecured claim of $991,221. Amrize Canada Inc. has filed a secured claim of $46,462 and Ford Credit Canada Limited one of $12,488 against a leased 2024 Ford F350; the Trustee has obtained security opinions on neither. 1358648 Alberta Ltd. holds a PPR registration but has not filed a proof of claim.
Debtor
L.C. Greenough Construction Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas filed with Trustee — Deemed trust property claim - all present and after-acquired property (payroll source deductions) — Deemed trust class, priority over all other claims; Table 3 (p.5) rounds to $982,000; claim may change following completion of a trust audit. — debtor: L.C. Greenough Construction Ltd. | $982K | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
156 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 to Creditors · 30 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | no distribution | Estimatedper the trustee | Trustee's Report to Creditors · 30 Jul 2026 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report to Creditors · 30 Jul 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.
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 |
|---|---|---|
Trustee's Report to Creditors
| PDF · Subscribers | |
First Meeting of Creditor Package
| PDF · Subscribers | |
Certificate of Assignment
| 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., “L.C. Greenough Construction Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/lc-greenough-construction-ltd