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
Westward Industrial Inc. assigned itself into bankruptcy, placing A. Farber & Partners Inc. in office as licensed trustee and fixing the Statement of Affairs valuation date.
Source: Statement of Affairs
Debtor
Westward Industrial Inc.
Trustee in bankruptcy
A. Farber & Partners
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | RBC Royal Bank / Banque Royale · in 59 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 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
23 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| 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 5 November 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.