Siefker Inc.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 35-2419756
Siefker Inc. entered bankruptcy on September 5, 2018, on the application of Libro Credit Union, with MNP Ltd. appointed trustee. Libro holds a $356,908 claim secured by a general security agreement and a first-charge property mortgage; the Trustee's counsel confirmed that security valid and enforceable, and Libro has guaranteed the Trustee's fees and expenses. Other secured claims include $460,493 to the Minister of National Revenue under general security and property liens, $200,000 to Christopher Siefker under a property mortgage, and $126,091 to Ritchie Bros. Auctioneers (Canada) Ltd. under general security. A statement of affairs estimated aggregate unsecured claims at $705,176, with no individual unsecured claims received to date.
A meeting of creditors was held in the Siefker Inc. bankruptcy on September 5, 2018.
Source: Creditor Package
MNP Ltd. was appointed trustee in the bankruptcy of Siefker Inc., commenced September 5, 2018.
Source: Trustee Preliminary Report
Debtor
Siefker Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Minister of National Revenue (CRA) · in 4 casesas of per Company — General security and lien registered against the Property (two registered liens) — Deemed trust class not indicated here as nil per Statement of Affairs (see financial_position); this is CRA's secured lien claim — debtor: Siefker Inc. | $460K | Trustee Preliminary Report |
| 4 | Secured | Libro Credit Union · in 4 casesas of per Company — General security and Property Mortgage (first charge mortgage over the Property) — Also brought the bankruptcy application; Trustee's counsel confirmed Libro security valid and enforceable; Libro has guaranteed Trustee's fees and expenses — debtor: Siefker Inc. | $357K | Trustee Preliminary Report |
| 4 | Secured | Christopher Siefkeras of per Company — Property Mortgage — Possible related party given shared surname with company principal Dale Siefker — debtor: Siefker Inc. | $200K | Trustee Preliminary Report |
| 4 | Secured | Ritchie Bros. Auctioneers (Canada) Ltd. · in 2 casesas of per Company — General security — debtor: Siefker Inc. | $126K | Trustee Preliminary Report |
| 5 | PMSI / lessors | Kubota Canada · in 3 casesas of per Company — 6 specific equipment items (PMSI) — Debt per Company shown as nil — debtor: Siefker Inc. | $0 | Trustee Preliminary Report |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — No individual unsecured creditors named; claims received to date: nil — debtor: Siefker Inc. | $705K | Trustee Preliminary Report |
Closed · the record states no distribution outcome.
As at 5 Sep 2018 · per as stated and estimated by the officer · entity - Siefker Inc. — Statement of Affairs shows Deficiency of $705,176.00 and Surplus 'NIL'; liabilities include unsecured creditors $437,775.00 plus balance of secured claims $267,401.00 (total unsecured $705,176.00), secured creditors $750,000.00, and preferred/contingent claims of $0.00.
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| ||
| Certificate of Appointment | ||
Creditor Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Siefker Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/siefker-inc