Nomodic
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, Sections 42, 43, 183(1)(d), 187(3), 192(1)
- File
- 25-2996918, 25-2997457, 25-2997541
Nomodic has been in bankruptcy since October 6, 2023, when FTI Consulting Canada Inc. was appointed Trustee of the Nomodic Companies on an application by ATB Financial under sections 42, 43, 183(1)(d), 187(3) and 192(1) of the Bankruptcy and Insolvency Act. The proceedings are before the Court of King's Bench of Alberta in Bankruptcy and Insolvency at Calgary under court file numbers 25-2996918, 25-2997457 and 25-2997541, covering three bankrupt entities in a joint filing. The Statement of Affairs for one of them, Aithra Projects Inc., reports total assets of $0.01 against total liabilities of $1,001.01 as at the bankruptcy date, a stated deficiency of $1,001.00, with secured claims against cash on hand of $1,428,746.34 by ATB Financial, $1,000,000.00 by the Business Development Bank of Canada and $1.00 by Tokio Marine Canada Ltd. The matter remains active.
Application by Northern Vision Development Limited Partnership — Application / notice of application
ATB Financial's application brought the Nomodic Companies into bankruptcy, with FTI Consulting Canada Inc. appointed Trustee effective the October 6, 2023 Bankruptcy Date.
Debtor
Nomodic
Trustee in bankruptcy
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Nixon | Court of King's Bench of Alberta | 1 order, Oct 2023 | 36 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorNomodic | Borden Ladner Gervais LLP | 6 Oct 2023 | Application · 6 Oct 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | ATB Financial · in 56 casesCash on hand — Balance of claim per Statement of Affairs List B, as at date of bankruptcy — debtor: Aithra Projects Inc. · as of 6 Oct 2023 | $1.43M | Notice to Creditors - Aithra |
| 4 | Secured | Business Development Bank of Canada · in 241 casesCash on hand — Balance of claim per Statement of Affairs List B, as at date of bankruptcy — debtor: Aithra Projects Inc. · as of 6 Oct 2023 | $1M | Notice to Creditors - Aithra |
| 4 | Secured | Tokio Marine Canada Ltd. · in 5 casesCash on hand — Balance of claim per Statement of Affairs List B, as at date of bankruptcy — debtor: Aithra Projects Inc. · as of 6 Oct 2023 | $1 | Notice to Creditors - Aithra |
| 8 | Unsecured | ATB Financial · in 56 casesBalance of claim; total claim also listed as $1,001.00 — debtor: Aithra Projects Inc. · as of 6 Oct 2023 | $1K | Notice to Creditors - Aithra |
Unsecured creditors: not yet estimated.Trustee's Report to the Creditors on Preliminary Administration · 26 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Trustee's Report to the Creditors on Preliminary Administration · 26 Oct 2023 |
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 6 Oct 2023 · per Statement of Affairs, as stated and estimated by the officer (Trustee) · Aithra Projects Inc. only (entity-level, one of three bankrupt entities in the joint filing) — Preferred creditors (List C), Contingent/trust claims (List D), Debts due to bankrupt (List E), Bills of Exchange (List F), Real Property (List G), and Other Property (List H) all reported as NIL/0.00. Deficiency of $1,001.00 stated.
| Date | Document | File |
|---|---|---|
| Affidavit of Service of Michelle Qu | ||
| Affidavit of Service of Regie Agcaoili | ||
| Filed copy of Muhammad Ashraf's Oct. 6 affidavit | ||
| Supplemental Affidavit of Muhammad Ashraf | ||
| Transcript of Questioning of Muhammad Ashraf | ||
| Affidavit of Ken Volk sworn December 4, 2023 | ||
| Affidavit of Michael Hale sworn December 1, 2023 | ||
Application by Northern Vision Development Limited Partnership
| ||
| Bench Brief of ATB Financial | ||
| Book Authorities to the Bench Brief of ATB Financial | ||
| Book of Authorities of NVD | ||
| Brief of Law of Northern Vision Development | ||
| Responses to Undertakings | ||
| Supplemental Affidavit of Michael Hale sworn March 28, 2024 | ||
Application - Advice and Directions
| ||
| First Report of the Trustee | ||
Minutes of the First Meeting of Creditors
| ||
Trustee's Report to the Creditors on Preliminary Administration
| ||
| Certificate of Filing - Aithra | ||
| Certificate of Filing - Nomodic Ontario | ||
Notice to Creditors - Aithra
| ||
| Notice to Creditors - Nomodic | ||
| Notice to Creditors - Nomodic Ontario | ||
| Certificate of Filing - Nomodic | ||
| Affidavit of Truth of Muhammad Ashraf | ||
Application for Bankruptcy Order
| ||
Bankruptcy Order
| ||
| Consent to Act as Trustee | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Nomodic” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/nomodic