Stretch Construction Ltd. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on April 1, 2025, with Grant Thornton Limited acting as licensed insolvency trustee, court file 24-3206484. A court officer's report set the date of bankruptcy as May 1, 2025. The company's Form 33 list of creditors with claims of $250 or more names Kagey Investments at $1,856,000, Deo & Shantie Jaipaul at $919,600, and Canada Revenue Agency deemed-trust claims of $749,000 (payroll) and $125,000 (GST/HST), among more than thirty unsecured creditors, including Duane Stretch and Margo Stretch, whose surname matches the debtor's.
The officer filed a report. Stretch ceased operations upon its deemed bankruptcy assignment; the Trustee is now administering existing commercial condo leases, arranging appraisals of vehicles and equipment, and evaluating whether to sell or release real property to the secured creditor. Court file 24-3206484.
Source: Trustee's Preliminary Report to Creditors - May 21, 2025
2 earlier updates, back to 1 May 2025 — subscribers.
Debtor
Stretch Construction Ltd.
Proposal trustee
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Kagey Investmentsas of NOI filing date — debtor: Stretch Construction Ltd. | $1.86M | NOI Notice to Creditors - April 2, 2025 |
Unsecured creditors: no recovery.EstimatedTrustee's Preliminary Report to Creditors - May 21, 2025 · 20 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no recovery | Estimatedper the trustee | Trustee's Preliminary Report to Creditors - May 21, 2025 · 20 May 2025 |
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 to Creditors - May 21, 2025
| PDF · Subscribers | |
Certificate of Appointment dated May 1, 2025
| PDF · Subscribers | |
NOI Notice to Creditors - April 2, 2025
| PDF · Subscribers | |
Certificate for the Notice of Intention to Make a Proposal - April 1, 2025
| 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., “Stretch Construction Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/stretch-construction-ltd
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/stretch-construction-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.