UpSnap Inc.
Follow- Proceeding
- BankruptcyBIA
UpSnap Inc. has been in bankruptcy under the Bankruptcy and Insolvency Act in Alberta since January 18, 2024, with B. Riley Farber Inc. acting as Licensed Trustee. The estate's sole secured creditor, UFPB VoodooVox, LLC, is the only PPSA registrant in Alberta and holds security over all property of the company; its claim as filed with the Trustee is $1,868,836.13, against $1,745,250.99 shown in the Statement of Affairs. Unsecured claims filed with the Trustee total $595,395.65, compared with $717,146.36 in the Statement of Affairs, and no preferred claims have been reported in either. A shortfall to the secured creditor is anticipated, leaving no funds expected for unsecured creditors, and the parent, User Friendly Phone Book, LLC, a related party, has guaranteed the Trustee's fees. The proceeding remains active.
Court officer's report recording that the company made an assignment for the general benefit of creditors on January 18, 2024, the commencement date.
Source: Trustee Preliminary Reportt
Debtor
UpSnap Inc.
Trustee in bankruptcy
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | UFPB VoodooVox, LLCas of Filed with Trustee — All Property of the Company encumbered; sole PPSA (Alberta) registrant — Per Statement of Affairs amount was $1,745,250.99; exact filed-with-Trustee balance used as amount. Shortfall anticipated; parent company User Friendly Phone Book, LLC has guaranteed Trustee's fees (related party). — debtor: UpSnap Inc. | $1.87M | Trustee Preliminary Reportt |
| 7 | Preferred (BIA s. 136) | Preferred creditors (aggregate as reported) · in 44 casesas of Filed with Trustee — Preferred class per Statement of Affairs and as filed with Trustee; both nil. — debtor: UpSnap Inc. | $0 | Trustee Preliminary Reportt |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Filed with Trustee — Per Statement of Affairs amount was $717,146.36; document names no individual creditors. No funds expected for distribution to unsecured creditors due to anticipated shortfall to secured creditor. — debtor: UpSnap Inc. | $595K | Trustee Preliminary Reportt |
Preferred creditors: no distribution. UFPB VoodooVox, LLC short.EstimatedTrustee Preliminary Reportt · 6 Feb 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | UFPB VoodooVox, LLC | — | shortfall | Estimatedper the trustee | Trustee Preliminary Reportt · 6 Feb 2024 |
| Preferred | preferred or unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee Preliminary Reportt · 6 Feb 2024 |
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 |
|---|---|---|
Trustee Preliminary Reportt
| ||
| Legal Notice | ||
| Creditors Package | Trustee site | |
| Certificate of Appointment | Trustee site | |
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “UpSnap Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/upsnap-inc