Passion Automobile Investments Ltd.
- Proceeding
- ProposalSection 59(3) of the Bankruptcy and Insolvency Act
- File
- 24-3210371
Passion Automobile Investments Ltd. filed a Proposal under Division I of the Bankruptcy and Insolvency Act. Its Statement of Affairs, as at April 10, 2025, reports total assets of $45,940.00 against total liabilities of $522,073.14, a deficiency of $476,133.14. Liabilities consist of $277,156.65 in unsecured claims and a $244,916.49 CRA deemed-trust claim, with no secured or preferred claims. Three General Security Agreement holders - Bizfund Canada Ltd., On Deck Capital Canada, Inc., and Vision Credit Union Ltd. (Two Hills Branch) - hold blanket security over all property valued at nil against CRA's priority claim, and under the Proposal are to file as unsecured creditors, with their registrations discharged on completion.
Debtor
Passion Automobile Investments Ltd.
Proposal trustee
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies (Corporate taxes, RP payroll account) · in 87 casesListed under 'Contingent, trust claims or other liabilities'; corresponds to source-deduction/payroll deemed trust claim referenced in Proposal (Section 2, Certain Crown Claims). — debtor: Passion Automobile Investments Ltd. · as of 10 Apr 2025 | $245K | Creditor Package |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
12 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: paid in full.Under the plan · sanctionedMinutes of MOC · 7 Aug 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the trustee | Minutes of MOC · 7 Aug 2025 |
| Unsecured | — | — | paid in fullconditional | Under the plansanctionedper the trustee | Minutes of MOC · 7 Aug 2025 |
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 |
|---|---|---|
Order Approving Proposal
| PDF · Subscribers | |
Minutes of MOC
| PDF · Subscribers | |
Creditor 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., “Passion Automobile Investments Ltd.” (Proposal), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/passion-automobile-investments-ltd