Romeo’s Flooring & Stone Inc.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-2826762
Romeo's Flooring & Stone Inc., a Fort McMurray flooring retailer, made an assignment in bankruptcy on May 2, 2022 under the BIA, with A. Farber & Partners Inc. as licensed trustee under Alberta court file 24-2826762. The Form 78 Statement of Affairs sworn the same day by Kelly Ranger states assets of $135,936.00 against liabilities of $728,963.70, a deficiency of $593,027.70. RBC Royal Bank holds a $250,000.00 secured claim over inventory, warehouse machinery, receivables, office furnishings and a vehicle valued together at $135,936.00, leaving a $114,064.00 shortfall. Unsecured claims of $388,667.19 are led by landlord Farris Investments Ltd at $215,444.29 and Universal Stone Fabricators Inc. at $116,906.20. CRA Prairies is listed with a contingent $90,296.51 deemed trust claim expected to rank for a nil dividend. The estate remains active.
Company assigned itself into bankruptcy, placing its estate with A. Farber & Partners Inc. and fixing May 2, 2022 as the date of bankruptcy.
Source: Statement of Affairs
Fixed the commencement of the proceeding at 16:43 on May 2, 2022, the reference date for the sworn Statement of Affairs figures.
Source: Certificate of Appointment
1 earlier update, back to 2 May 2022 — subscribers.
Debtor
Romeo’s Flooring & Stone Inc.
Trustee in bankruptcy
GlassRatner
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank · in 52 casesList “B”: inventory (stock in trade) $73,600.00; machinery — warehouse equipment $40,460.00; accounts receivable $20,000.00; office furnishings $1,875.00; vehicle $1.00 — estimated value of security $135,936.00; estimated surplus $0.00; balance of claim $114,064.00. — debtor: Romeo's Flooring & Stone Inc. · as of 2 May 2022 | $250K | Statement of Affairs |
Crown deemed trusts: shortfall.EstimatedTrustee’s Preliminary Report · 19 May 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA, RBC Royal Bank, and the landlord (secured creditors) | — | shortfall | Estimatedper the trustee | Trustee’s Preliminary Report · 19 May 2022 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report · 19 May 2022 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| 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., “Romeo’s Flooring & Stone Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/romeo-s-flooring-stone-inc