#Order
An interim order was granted, coinciding with the commencement of the bankruptcy proceeding in the Court of King's Bench of Alberta under file 25-3087959.
Source: Order Discharging Trustee
The Upside Inc. (o/a the Revente)
FollowClosed
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 25-3087959
Filings held4
Last activity2 Oct 2025
On the record840 days
Secured debt$250K
OverviewSummary updated
The Upside Inc., operating as the Revente, is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, under court file number 25-3087959. The proceeding commenced on October 2, 2025, the same date an interim order was granted. The record to date reflects no further steps.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
Parties
Debtor
The Upside Inc. (o/a the Revente)
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesas of Filing Date — Registered security interest in present and after-acquired property — Approximate amount as listed by the Company — debtor: The Upside Inc. (o/a The Revente) | $250K | Trustee's Preliminary Report to Creditors |
| 4 | Secured | ATB Financial · in 56 casesas of Filing Date — Registered security interest in present and after-acquired property (first-registered in Alberta PPR) — Approximate amount as listed by the Company; legal opinion confirmed valid and enforceable first-registered security — debtor: The Upside Inc. (o/a The Revente) | $60K | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Business Development Bank of Canada - Vancouver · in 14 casesBifurcated secured/unsecured claim by security valuation - security estimated at nil value so full claim balance treated as unsecured (see also secured entry) — debtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $250K | Notice to Creditor's |
| 8 | Unsecured | Allied Properties Management LPdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $100K | Notice to Creditor's |
| 8 | Unsecured | American Express c/o FCT Default Solutions · in 46 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $60K | Notice to Creditor's |
| 8 | Unsecured | BMO Financial Group c/o BankruptcyHighway.com · in 24 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $60K | Notice to Creditor's |
| 8 | Unsecured | ATB Financial - Asset Management · in 13 casesBifurcated secured/unsecured claim by security valuation - unsecured balance after applying estimated security value of $2,500.00 against total claim of $60,000.00 (see also secured entry) — debtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $57.5K | Notice to Creditor's |
| 8 | Unsecured | CRA - Tax - Prairies · in 86 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $30.4K | Notice to Creditor's |
| 8 | Unsecured | Consignment Customersdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $20.9K | Notice to Creditor's |
| 8 | Unsecured | Buchanan Barrydebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $9.67K | Notice to Creditor's |
| 8 | Unsecured | ATB Financial - Mastercard Recoveries · in 6 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $6K | Notice to Creditor's |
| 8 | Unsecured | Zonie Haquedebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $553 | Notice to Creditor's |
| 8 | Unsecured | Dr Schollanddebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $120 | Notice to Creditor's |
| 8 | Unsecured | CRA - Canada Revenue Agency · in 17 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $1 | Notice to Creditor's |
| 8 | Unsecured | WCB Workers Compensation Board of Alberta · in 49 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $1 | Notice to Creditor's |
| 8 | Unsecured | Alberta Treasury Board & Finance · in 16 casesdebtor: The Upside Inc. o/a The Revente · as of 31 May 2024 | $1 | Notice to Creditor's |
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Estate financialsReported figures — never derived
Total assets at filing$2.5K
Total liabilities at filing$598K
As at 31 May 2024 · per Statement of Affairs (Form 78), as stated and estimated by the officer · entity - The Upside Inc. o/a The Revente — Deficiency of $595,098.70 stated on the Statement of Affairs. Total unsecured creditors of $595,098.70 comprises List A unsecured claims of $287,598.70 plus balance of secured claims (List B) of $307,500.00.
Documents4 filings
| Date | Document | File |
|---|---|---|
Order Discharging Trustee
| ||
Trustee's Preliminary Report to Creditors
| ||
Notice to Creditor's
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “The Upside Inc. (o/a the Revente)” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/the-upside-inc-oa-the-revente