Magnum Machine Ltd.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act (Canada)
- File
- 25-3369396
Magnum Machine Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act (Canada) in Alberta, under court file 25-3369396. The record dates commencement to 6 May 2026, with the date and time of bankruptcy recorded as May 06, 2026, 09:52; a related entry records that the company filed, or was deemed to have filed, an assignment, or had a bankruptcy order made against it, on 5 May 2026. Two court officer reports were filed on 6 May 2026, and a meeting of creditors is recorded as of 5 May 2026. The proceeding remains active.
Second court officer report of the same date, fixing the date and time of bankruptcy on the record as May 06, 2026, 09:52.
Source: Certificate of Appointment
2 earlier updates, back to 6 May 2026 — subscribers.
Debtor
Magnum Machine Ltd.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust over unremitted payroll source deductions — Deemed trust class; identified through Trustee's review of CRA tax accounts; takes priority over administration/professional fees; CRA administration agreement not yet finalized — debtor: Magnum Machine Ltd. | $244K | Trustee's Preliminary Report |
| Date | Document | File |
|---|---|---|
Minutes of the First Meeting of Inspectors
| PDF · Subscribers | |
Minutes of the First Meeting of Creditors
| PDF · Subscribers | |
Trustee's Preliminary Report
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors Package
| 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., “Magnum Machine Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/magnum-machine-ltd