Sigmadek Ltd.
- Proceeding
- BankruptcySection 49 of the Act
- Industry
- Manufacturing · Building products
Sigmadek Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act in Alberta, with B. Riley Farber Inc. as licensed trustee, following filings on June 9, 2023. The Statement of Affairs (Form 78) as at June 9, 2023 puts total assets at $15,087.90 against total liabilities of $2,926,590.75, a deficiency of $2,911,502.85, with no surplus, no preferred creditors and no contingent liabilities. Secured claims include Investissement Québec at $558,754.95 and Québec EDC, whose $1,101,388.80 claim leaves a $1,086,302.90 balance net of estimated security value, both secured since April 15, 2015 over receivables, patents, insurance refunds and cash; HSBC Bank Canada and RBC Royal Bank are each listed at $1.00. The largest unsecured claims are CRA at $671,540.87, the Government of Alberta at $353,379.00 for an Alberta reassessment, and Agence du revenu du Québec at $133,639.00. The proceeding remains active.
The officer filed a report. Operations ceased and all employees were terminated effective May 12, 2023; aluminium inventory was sold to a recycler, leased assets returned and the final leased premises vacated, so the company is no longer operating.
Source: Trustee’s Preliminary Report
Proposal filed, marking the start of Sigmadek's insolvency filings in Alberta, with B. Riley Farber Inc. acting as licensed trustee.
Source: Assignment
Assignment in bankruptcy made under the BIA, fixing the date as at which the trustee's Statement of Affairs values assets and creditor claims.
Source: Statement of Affairs
Debtor
Sigmadek Ltd.
Trustee in bankruptcy
B. Riley Farber
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Quebec EDCOther - Patents; Debts Due - Business - Refund - Insurance; Cash on Hand; Debts Due - Business - Accounts Receivable; security given 15-Apr-2015; amount of claim $1,101,388.80 — Balance of claim (net of estimated security value) is $1,086,302.90; amount of claim as listed is $1,101,388.80 — debtor: Sigmadek Ltd. · as of 9 Jun 2023 | $1.09M | Statement of Affairs |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
18 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee’s Preliminary Report · 14 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | EDC and Investment Quebec | — | shortfall | Estimatedper the trustee | Trustee’s Preliminary Report · 14 Jun 2023 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report · 14 Jun 2023 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report · 14 Jun 2023 |
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.
As at ·
Cash on hand
$1.05K
As at 28 Jun 2023Trustee’s Preliminary Report
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Minutes of the First Meeting of Creditors
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Trustee’s Preliminary Report
| PDF · Subscribers | |
Assignment
| 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., “Sigmadek Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/sigmadek-ltd