#Report
Fixed the time of bankruptcy at 14:19 on July 22, 2026, with AlixPartners Restructuring, Inc. as Licensed Insolvency Trustee.
Seletech Electrical Enterprises Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 25-3401227
Filings held3
Last activity22 Jul 2026
On the record61 days
OverviewSummary updated
Seletech Electrical Enterprises Ltd. made an assignment in bankruptcy on July 22, 2026 at 14:19 under section 49 of the Bankruptcy and Insolvency Act, in Alberta, under court file number 25-3401227. AlixPartners Restructuring, Inc. is acting as Licensed Insolvency Trustee, and the proceedings remain active. On the trustee's estimated net realizable value basis, drawn from the company's unaudited books and records as at the Bankruptcy Date, assets total $1,537,000, comprising property, plant and equipment of $690,000, accounts receivable of $536,000, inventory of $292,000 and cash of $19,000. Those estimates are preliminary and depend on the realization process, auction outcome and collection of receivables. Unsecured claims are reported at approximately $5.1 million, including a Canada Revenue Agency deemed trust claim of $1,923,431.55 for unpaid source deductions, subject to the trustee's review of its nature and priority.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Claims against the estate are measured from the July 22, 2026 assignment, with unsecured claims reported at approximately $5.1 million pending the trustee's review.
#Report
Trustee's report records the company's assignment in bankruptcy on this date, establishing the Bankruptcy Date used for the asset and creditor figures reported.
Source: Trustee's Report on Preliminary Administration dated August 12, 2026
Parties
Debtor
Seletech Electrical Enterprises Ltd.
Trustee in bankruptcy
AlixPartners
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (Pacific Insolvency Intake Centre) · in 926 casesReported as secured against SOA asset lines 101/1301/1102/1101 (cash on hand, accounts receivable, inventory, machinery & equipment) — Crown claim; nature stated 'Corporate taxes'; deemed-trust / Crown-priority class. This single entry is the entire secured-creditor total on the SOA (1,923,431.55). Bifurcated claim (line item 33): the same creditor also carries $74,846.85 in the unsecured column, listed separately in unsecured_creditors. Date given/incurred 01-Jan-2026. · as of 22 Jul 2026 | $1.92M | Notice of Bankruptcy and First Meeting of Creditors |
121 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Unsecured creditors: not yet estimated.Trustee's Report on Preliminary Administration · 12 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | the Company's creditors | — | not yet estimated | per the trustee | Trustee's Report on Preliminary Administration · 12 Aug 2026 |
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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Report on Preliminary Administration dated August 12, 2026
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment dated July 22, 2026
| 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., “Seletech Electrical Enterprises Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/seletech-electrical-enterprises-ltd