Unique Scaffold Inc.
- Proceeding
- NOISection 50.4(9) of the Bankruptcy and Insolvency Act
- File
- 25-2316122
- Industry
- Construction · Specialty trade contractors
Unique Scaffold Inc., together with Unique Land Holdings Inc. and Procyk Asset Corporation, filed applications in the Court of Queen's Bench of Alberta in Bankruptcy and Insolvency on December 6, 2017 and January 8, 2018, with Grant Thornton Limited acting as Proposal Trustee under section 50.4(9) of the Bankruptcy and Insolvency Act. A list of creditors of Unique Scaffold Inc. with claims of $250 or more, compiled as of the Notice of Intention filing date, names the Canada Revenue Agency for a $2,000,000 deemed trust claim for source deductions and a $200,000 deemed trust claim for GST, the Bank of Montreal for a $1,400,000 unsecured claim, and trade creditors including Safway Services Canada ULC at $214,795.82, Direct Scaffold Supply (Canada) Ltd. at $150,296.40, and Link Rental Services Inc at $118,592.87.
Inspector Resolution Approving Proposal Timing Amendment - March 27, 2019.pdf — Court officer certificate
The officer filed report no. Report of the Trustee on Proposal. The Companies continued operating during the NOI proceedings, improving liquidity through shareholder cash injections and profitability, collecting pre-NOI receivables subject to CRA requirements to pay, and negotiating amendments with their primary lender, aiming to continue as going concerns and preserve approximately 110 employees' jobs.
The officer filed report no. Second Report of the Proposal Trustee. USI continues operations under NOI proceedings, generating a net profit in November 2017, paying down CRA priority debt, and pursuing recapitalization/refinancing options, while ULH is marketing its Edmonton property for sale.
Source: Second Report of the Proposal Trustee - January 12, 2018.pdf
The same applicants filed a further application in the same court on January 8, 2018.
Source: Application - Stay Extension - filed January 8, 2018.pdf
The officer filed report no. First Report of the Proposal Trustee. The three related companies (an operating scaffolding rental business, an equipment-holding company, and a land-holding company) filed NOIs and are attempting to stabilize operations and negotiate with CRA and secured creditors while preparing a restructuring proposal; no conclusive restructuring plan has yet been determined.
Source: First Report of the Proposal Trustee - December 7, 2017.pdf
Unique Scaffold Inc., Unique Land Holdings Inc. and Procyk Asset Corporation filed an application in the Court of Queen's Bench of Alberta in Bankruptcy and Insolvency.
Source: Application - Stay Extension - filed December 6, 2017.pdf
Debtor
Unique Scaffold Inc.
Proposal trustee
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CANADA REVENUE AGENCY - SOURCE DEDUCTIONS · in 9 casesas of NOI filing date — deemed trust class — debtor: Unique Scaffold Inc. | $2M | Unique Scaffold Inc. - Notice to Creditors - November 17, 2017 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
93 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. CRA paid in full.Under the plan · implementedReport of Trustee on Proposal - June 15, 2018.pdf · 4 May 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | paid in fullconditional | Under the planimplementedper the proposal trustee | Report of Trustee on Proposal - June 15, 2018.pdf · 4 May 2018 | |
| Preferred | — | — | paid in fullconditional | Under the planimplementedper the proposal trustee | Report of Trustee on Proposal - June 15, 2018.pdf · 4 May 2018 |
| Unsecured | Affected Creditors | estimated | vs. in a bankruptcy | Under the planimplementedper the proposal trustee | Report of Trustee on Proposal - June 15, 2018.pdf · 4 May 2018 |
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.
4 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCumulative receipts
$1.96M
As at 12 Jan 2018Second Report of the Proposal Trustee - January 12, 2018.pdf
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
30 Day Notice to Prove Claim - July 16, 2019.pdf
| PDF · Subscribers | |
| Certificate of Full Performance - July 16, 2019.pdf | PDF · Subscribers | |
| Inspectors Resolution - Approving Proposal Timing Amendment - June 25, 2019.pdf | PDF · Subscribers | |
| Inspectors Resolution - Approving Proposal Timing Amendment - May 14, 2019.pdf | PDF · Subscribers | |
| Inspector Resolution Approving Proposal Timing Amendment - March 27, 2019.pdf | PDF · Subscribers | |
Report of Trustee on Proposal - June 15, 2018.pdf
| PDF · Subscribers | |
| Notice of Application dated June 8, 2018.pdf | PDF · Subscribers | |
| Affidavit of Jason Procyk - filed May 9, 2018.pdf | PDF · Subscribers | |
Unique et al. - Creditors Package - May 4, 2018.pdf
| PDF · Subscribers | |
Executed Joint Proposal dated April 27, 2018 of Unique Scaffold Inc., Unique Land Holdings Inc., and Procyk Asset Corporation.pdf
| PDF · Subscribers | |
Third Report of the Proposal Trustee - March 9, 2018.pdf
| PDF · Subscribers | |
| Affidavit of Jason Procyk - filed March 5, 2018.pdf | PDF · Subscribers | |
Application - Stay Extension - filed March 5, 2018.pdf
| PDF · Subscribers | |
Second Report of the Proposal Trustee - January 12, 2018.pdf
| PDF · Subscribers | |
| Affidavit of Jason Procyk - filed January 11, 2018.pdf | PDF · Subscribers | |
Application - Stay Extension - filed January 8, 2018.pdf
| PDF · Subscribers | |
| Affidavit of Jason Procyk - filed December 7, 2017.pdf | PDF · Subscribers | |
First Report of the Proposal Trustee - December 7, 2017.pdf
| PDF · Subscribers | |
Application - Stay Extension - filed December 6, 2017.pdf
| PDF · Subscribers | |
Procyk Asset Corporation - Notice to Creditors - November 17, 2017
| PDF · Subscribers | |
Unique Land Holdings Inc. - Notice to Creditors - November 17, 2017
| PDF · Subscribers | |
Unique Scaffold Inc. - Notice to Creditors - November 17, 2017
| 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., “Unique Scaffold Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/unique-scaffold-inc