Alberta · Bankruptcy
Creditor Notice Package
Notice to creditors · 18 January 2023
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What we verified from this filing12 verified · 2 withheld
- court file no24-2901777
- financial positionnote: Deficiency $761,966.49; Surplus NIL. Liabilities per cover: unsecured creditors per List A $305,299.00 + balance of secured claims per List B $89,881.49 = total unsecured $395,180.49; secured creditors per List B $5.00; preferred creditors per List C $0.00 (none); contingent/trust claims per List D $388,287.00 (CRA deemed trust). Date/time of bankruptcy per certificate January 17, 2023, 08:32; form states affairs as at January 10, 2023. · page: 4 · as at: 2023-01-10 · basis: Statement of Affairs (Business Bankruptcy), Form 78, as stated and estimated by the officer (sworn) · scope: 1057902 Alberta Inc. o/a Paramount Builders & Design (single entity) · currency: CAD · total assets: 21506 · total liabilities: 783472.49
- unsecured creditorsnote: Unsecured shortfall (balance of claim) of Summit Credit Corporation's secured claim in List 'B' - do not double-count with the secured entry (total claim $89,883.49). · page: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 89880.49 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: Summit Credit Corporation · currency: CAD
- unsecured creditorspage: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 6000 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: BMO Mastercard c/o BankruptcyHighway.com (Attn: Mike Timko) · currency: CAD
- unsecured creditorsnote: Listed under 'Balance of claim' column at $1.00 (unsecured shortfall of a secured claim); unsecured claim column $0.00. · page: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 1 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: CLE Capital Inc. · currency: CAD
- unsecured creditorsnote: CRA also has a separate $388,287.00 deemed-trust claim in List 'D' (recorded as a priority/secured entry) - do not double-count. · page: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 211299 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: CRA - Tax - Prairies (Canada Revenue Agency) · currency: CAD
- unsecured creditorsnote: Alberta Tax and Revenue Administration. · page: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 28000 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: Tax and Revenue Administration (Attn: Colleen Adair, Alberta Finance and Enterprise) · currency: CAD
- unsecured creditorsnote: CERB Loan. · page: 5 · as of: 2023-01-10 · basis: Statement of Affairs (Form 78) List 'A' Unsecured Creditors, as stated by the officer · amount: 60000 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: BMO Financial Group c/o BankruptcyHighway.com (Attn: Mike Timko) · currency: CAD
- secured creditorsnote: List 'B' secured creditor (Form 78). Amount of claim stated as $1.00 (nominal); no unsecured balance of claim. · page: 6 · as of: 2023-01-10 · amount: 1 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: Admiralty Leasing Inc. · currency: CAD · security: Motor Vehicles - Automobile - 2021 - 2.0 Yard Spreader (estimated value $1.00); Motor Vehicles - Automobile - 2021 - Wide Out Plow (estimated value $0.00, estimated surplus $1.00)
- secured creditorsnote: List 'B' secured creditor (Form 78). Unsecured shortfall (balance of claim) of $89,880.49 is separately listed in List 'A' as entry #5 (Summit Credit Corporation) - do not double-count. · page: 6 · as of: 2023-01-10 · amount: 89883.49 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: Summit Credit Corporation · currency: CAD · security: Motor Vehicles - Automobile - 2020 - Skid Steer 324G; Other - Kage 8' Plow Blade; Other - 84" Snow Bucket. Estimated value of security $3.00 ($1.00 each item).
- secured creditorsnote: List 'B' secured creditor (Form 78). Amount of claim stated as $1.00 (nominal); no unsecured balance of claim. · page: 6 · as of: 2023-01-10 · amount: 1 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: TFG Financial Corp. · currency: CAD · security: Motor Vehicles - Automobile - 2019 - BES Max - UPD1116, VIN 2BYDP3CB8KR000358 (estimated value $1.00)
- secured creditorsnote: List 'D' contingent/trust liability, nature of liability stated as 'DEEMED TRUST CLAIM'; amount expected to rank for dividend $0.00. Deemed-trust class ranks ahead of ordinary security. CRA also has a separate unsecured claim of $211,299.00 in List 'A' (entry #4) - do not double-count. · page: 8 · as of: 2023-01-10 · amount: 388287 · debtor: 1057902 Alberta Inc. o/a Paramount Builders & Design · creditor: CRA - Tax - Prairies (Canada Revenue Agency) · currency: CAD
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.