Prima Foam Corp.
- Proceeding
- BankruptcySection 49(1) of the Bankruptcy and Insolvency Act
- File
- 25-3090068
- Industry
- Construction · Specialty trade contractors
Prima Foam Corp.’s claims register, compiled by the trustee as of June 25, 2024, shows a single secured claim: the Workers’ Compensation Board of Alberta’s $2,993.82 claim, secured by a PPSA registration on a 2010 GMC Sierra that had been transferred to a director/shareholder before bankruptcy and sold for $500. WCB also holds a separate, unproved unsecured claim of $9,557.62. The largest unsecured claims come from the Canada Revenue Agency: a deemed trust claim of $83,444.79 for unremitted payroll deductions, and admitted claims of $276,275.12 and $68,347.47 under separate accounts. The trustee is seeking an Administrative Agreement to have its fees paid ahead of the CRA deemed trust claim. Remaining unsecured creditors, including trade suppliers and a former employee, hold claims from $1.00 to over $60,000, several revised upward from the debtor's original estimates once proofs of claim were filed.
Debtor
Prima Foam Corp.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) - Deemed Trust Claim · in 985 casesas of time of preparing this report (2024-06-25) — Deemed trust class (unremitted payroll source deductions); subject to audit by CRA. Broader SOA-level unremitted balance shown in register was $355,295.16, of which only a portion is deemed trust; Trustee seeking Administrative Agreement to have fees paid in priority to this claim. — debtor: Prima Foam Corp. | $83.4K | Trustee's Report on the Preliminary Administration |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Report on the Preliminary Administration · 25 Jun 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | asserted | no distributionconditional | Estimatedper the trustee | Trustee's Report on the Preliminary Administration · 25 Jun 2024 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report on the Preliminary Administration
| PDF · Subscribers | |
Creditor Package
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CiteProceedings., “Prima Foam Corp.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/prima-foam-corp