Westward Industrial Inc. made an assignment in bankruptcy on October 13, 2022 under the Bankruptcy and Insolvency Act in Alberta, with A. Farber & Partners Inc. as licensed trustee under estate file 25-2874173. The Statement of Affairs as at that date puts total assets at $59,503.75 against total liabilities of $2,653,969.37, a stated deficiency of $2,594,465.62. RBC Royal Bank is listed as secured on receivables and bank cash, its security valued at $1.00 with a $59,502.75 surplus and a balance of claim of $0.00. The largest unsecured claims are Westward Group Holdings Ltd. at $1,644,000.00, CRA at $276,454.80 and Westward Electric Site Services Ltd. at $212,000.00. The proceeding remains active.
The officer filed report no. Second Report. The bankrupt has ceased operations; the Trustee's investigation found no further avenues of recovery for the estate apart from a possible litigation claim, and with the funding retainer exhausted, the Trustee intends to conclude the bankruptcy administration and seek its discharge. Court file 25-2874173.
Source: Second Report of the Trustee to the Creditors – July 17 2023
4 earlier updates, back to 13 October 2022 — subscribers.
Debtor
Westward Industrial Inc.
Trustee in bankruptcy
GlassRatner
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank / Banque Royale · in 56 casesDebts Due - Business - A/R - Various Customers; Cash on Hand - Cash in Bank - RBC Royal Bank — Estimated value of security $1.00 plus $59,502.75 surplus; balance of claim $0.00 as stated in List B — debtor: Westward Industrial Inc. · as of 13 Oct 2022 | $1 | Statement of Affairs |
Unsecured creditors: no distribution.EstimatedTrustee’s Preliminary Report · 2 Nov 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee’s Preliminary Report · 2 Nov 2022 |
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 |
|---|---|---|
Second Report of the Trustee to the Creditors – July 17 2023
| PDF · Subscribers | |
Trustee’s Preliminary Report
| PDF · Subscribers | |
Newspaper Advertisement
| PDF · Subscribers | |
| Affidavit of Mailing (Notice to Creditors) | PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Statement of Affairs
| 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., “Westward Industrial Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/westward-industrial-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/westward-industrial-inc
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.