Trakopolis SaaS Corporation, Trakopolis IoT Corporation
Follow- Proceeding
- Bankruptcysubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 25-2581252 and 25-2582159
Trakopolis SaaS Corporation and Trakopolis IoT Corporation have been in bankruptcy proceedings under the Bankruptcy and Insolvency Act in Alberta since January 27, 2020, with Alvarez & Marsal Canada Inc. acting as trustee under the proposal. The matters are before the Court of King's Bench of Alberta under estate numbers 25-2581252 and 25-2582159. The list of creditors attached to the notice of intention, as estimated by the company at the date of that filing, put Trakopolis IoT Corp.'s unsecured obligations at $3,090,661.60 to ESW Holdings Inc., $1,000,000 to Trisec Securities and $100,000 to Les Sonnenberg. The proceedings remain active.
ESW Holdings Inc., Appeal of Notice of Disallowance (April 24, 2020) — Notice of dispute (claims)
2007996 AB LTD. (formerly, Trakopolis SaaS Corp.) – Certificate of Assignment — Court officer certificate
The officer filed report no. First Report. The Company continues to operate under NOI proceedings while pursuing a sale and marketing process (SISP) to sell its business/assets, with tight liquidity constraints requiring interim financing to fund operations and complete the sales process.
Debtor
Trakopolis SaaS Corporation, Trakopolis IoT Corporation
Trustee in bankruptcy
Alvarez & Marsal
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | ESW Holdings Inc.as of NOI filing date — debtor: Trakopolis IoT Corp. | $3.09M | Trakopolis IoT Corp. Notice to Creditors |
| Unsecured | Trisec Securitiesas of NOI filing date — debtor: Trakopolis IoT Corp. | $1M | Trakopolis IoT Corp. Notice to Creditors |
| Unsecured | Les Sonnenbergas of NOI filing date — debtor: Trakopolis IoT Corp. | $100K | Trakopolis IoT Corp. Notice to Creditors |
Sale process approved — Proposed Sale and Investment Solicitation Process created to canvass third parties and identify a successful bid, subject to Court approvalFirst Report of the Proposal Trustee · 7 Feb 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1234600 B.C. Ltd.the Purchased Assets · asset sale · agreement 20 Dec 2019 | SealedPurchase price consists of the value of the Assumed Obligations plus the Cash Purchase Price; specific amounts redacted from the reproduced agreement. | Proposed | Third Report of the Proposal Trustee (December… |
Unsecured creditors: a distribution.EstimatedThird Report of the Proposal Trustee (December 31, 2019) · 31 Dec 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distribution | Estimatedper the proposal trustee | Third Report of the Proposal Trustee (December 31, 2019) · 31 Dec 2019 |
| Equity | — | — | no recovery | Estimatedper the proposal trustee | Third Report of the Proposal Trustee (December 31, 2019) · 31 Dec 2019 |
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.
| Date | Document | File |
|---|---|---|
| Brief of Law of the Trustee (August 4, 2020) | ||
| ESW Holdings Inc., Brief in Support of Appeal from Notices of Disallowances (July 15, 2020) | ||
| ESW Holdings Inc., Appeal of Notice of Disallowance (April 24, 2020) | ||
| Affidavit of Neeraj Gupta (ESW) (April 22, 2020) | ||
First Report of the Proposal Trustee
| ||
| 2007996 AB LTD. (formerly, Trakopolis SaaS Corp.) – Certificate of Assignment | ||
Trakopolis IoT Corp. – Certificate of Assignment
| ||
| Assignment of Contracts Order - January 9, 2020 | ||
| Distribution Order - January 9, 2020 | ||
| Sale Approval and Vesting Order - January 9, 2020 | ||
| Supplemental Affidavit of Chris Burchell sworn January 9, 2020 | ||
| Supplemental Affidavit of Mr. Chris Burchell sworn January 9, 2020 | ||
| Affidavit of Mr. Chris Burchell sworn December 31, 2019 | ||
Third Report of the Proposal Trustee (December 31, 2019)
| ||
| Restricted Court Access Order – December 16, 2019 | ||
| Stay extension, FA Charge and Administration Charge Order – December 16, 2019 | ||
| Affidavit of Mr. Chris Burchell sworn December 13, 2019 | ||
Service List – Second Report of the Proposal Trustee
| ||
| Letter to the Service List (December 7, 2019) | ||
| Stay Extension and D&O Order - December 6, 2019 | ||
| Affidavit of Chris Burchell sworn November 25, 2019 | ||
| Trakopolis SaaS Corp. Notice to Creditors | ||
Second Report of the Proposal Trustee
| ||
Trakopolis IoT Corp. Notice to Creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Trakopolis SaaS Corporation, Trakopolis IoT Corporation” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/trakopolis-saas-corporation-trakopolis-iot-corporation