Prima Foam Corp.

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.