Magnum Machine Ltd.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act (Canada)
- File
- 25-3369396
- Industry
- Manufacturing · Metals & fabrication
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.
Certificate of Appointment was filed. Court file 25-3369396.
Source: Certificate of Appointment
Debtor
Magnum Machine Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 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 plans| 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 5 November 2026, https://proceedings.ca/case/magnum-machine-ltd