Alberta · Proposal
Notice to Creditors
Notice to creditors · 31 October 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing42 verified
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 35668 · debtor: Ivrnet Inc. · creditor: Carbon Capital · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 1680 · debtor: Ivrnet Inc. · creditor: Calgary Transit · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 1089.6 · debtor: Ivrnet Inc. · creditor: Broadridge ICS · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 6247.5 · debtor: Ivrnet Inc. · creditor: Canadian Wireless Telecomm · currency: CAD
- unsecured creditorsnote: Payable via Royal Bank of Canada account; appears to relate to CERB program repayment · page: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 60000 · debtor: Ivrnet Inc. · creditor: CERB · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 3879.76 · debtor: Ivrnet Inc. · creditor: Accesswire Canada Ltd · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 656.03 · debtor: Ivrnet Inc. · creditor: Accrisoft · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4167.98 · debtor: Ivrnet Inc. · creditor: AllSold.ca · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 560.72 · debtor: Ivrnet Inc. · creditor: Altitude Communications · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 11500 · debtor: Ivrnet Inc. · creditor: Amex Bank of America · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 31586.66 · debtor: Ivrnet Inc. · creditor: Amex Bank of Canada · currency: CAD
- unsecured creditorsnote: Andrew Watts is the individual who swore the Statement of Affairs on behalf of Ivrnet - officer/insider of debtor · page: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 22500 · debtor: Ivrnet Inc. · creditor: Andrew Watts · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 388558.67 · debtor: Ivrnet Inc. · creditor: Artis REIT Estate Investment · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 2037.35 · debtor: Ivrnet Inc. · creditor: Bandwidth, Inc. · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 11318.5 · debtor: Ivrnet Inc. · creditor: Boast Capital LP · currency: CAD
- unsecured creditorspage: 2 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 2359.4 · debtor: Ivrnet Inc. · creditor: Bow River Electric Ltd · currency: CAD
- secured creditorsnote: Related party / director-type Supporting Creditor; Trustee's Report cites approximate $253,000; exact claim amount per creditor list is $253,027.40 · page: 3 · as of: NOI/proposal filing date (October 30, 2023) · amount: 253027.4 · debtor: Ivrnet Inc. · creditor: David Snell · currency: CAD · security: First charge security over the Company's assets
- secured creditorsnote: Trustee's Report cites approximate $217,000; exact claim amount per creditor list is $216,997.00; one of three Supporting Creditors · page: 3 · as of: NOI/proposal filing date (October 30, 2023) · amount: 216997 · debtor: Ivrnet Inc. · creditor: Parlee McLaws LLP · currency: CAD · security: First charge security over the Company's assets
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 23625 · debtor: Ivrnet Inc. · creditor: Kenway Mack Slusarchuk Stewart LLP · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4134.37 · debtor: Ivrnet Inc. · creditor: FlexITy · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 52816.27 · debtor: Ivrnet Inc. · creditor: ICF Next North America Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 3208.5 · debtor: Ivrnet Inc. · creditor: Imagine Wireless Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 6487.82 · debtor: Ivrnet Inc. · creditor: IMImobile Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4576.5 · debtor: Ivrnet Inc. · creditor: Insiteful Solutions Inc · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 27781.95 · debtor: Ivrnet Inc. · creditor: IRONCLADTEK · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 2625 · debtor: Ivrnet Inc. · creditor: ISSEC Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 7875 · debtor: Ivrnet Inc. · creditor: Kluane Partners · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 1539.9 · debtor: Ivrnet Inc. · creditor: Lindsey MacCarthy LLP · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4486.14 · debtor: Ivrnet Inc. · creditor: Line One Contact Centres Inc. · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 62645 · debtor: Ivrnet Inc. · creditor: MNP LLP · currency: CAD
- unsecured creditorspage: 3 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 3045.97 · debtor: Ivrnet Inc. · creditor: Olympia Trust Company · currency: CAD
- secured creditorsnote: Listed as 'R.C. Morris & Company S.O. Fund III Holdings Ltd.' in Statement of Affairs/creditor list with exact claim amount of $5,198,366.62; Trustee's Report describes approximate figure of $5.2 million; one of three 'Supporting Creditors' under the Proposal · page: 4 · as of: NOI/proposal filing date (October 30, 2023) · amount: 5198366.62 · debtor: Ivrnet Inc. · creditor: R.C. Morris & Company Special Opportunities Fund III Limited Partnership (by its General Partner R.C. Morris & Company S.O. Fund III GP Ltd.) · currency: CAD · security: First charge security over the Company's assets
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 34743 · debtor: Ivrnet Inc. · creditor: Primesoft Solutions Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4277.6 · debtor: Ivrnet Inc. · creditor: Shift IT Corp · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 4142.57 · debtor: Ivrnet Inc. · creditor: The Sayers Group · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 17436.74 · debtor: Ivrnet Inc. · creditor: Think On, Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 477.7 · debtor: Ivrnet Inc. · creditor: Thinktel Communications · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 5008.86 · debtor: Ivrnet Inc. · creditor: Toppan Merril Corporation Canada · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 8211.01 · debtor: Ivrnet Inc. · creditor: ubitrak · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors with claims of $250 or more (Form 92) · amount: 283.55 · debtor: Ivrnet Inc. · creditor: Ventures Eleven · currency: CAD
- unsecured creditorsnote: Same amount as RCM's secured claim ($5,198,366.62) appears in this unsecured creditors list; per Proposal terms, Supporting Creditors' remaining unpaid balance after Supporting Creditor Payments becomes an unsecured deficiency claim with no entitlement to distribution - amount duplicative of secured entry, not separately quantified as unsecured deficiency · page: 4 · basis: Listed on Form 92 creditor list as a $250+ claim, but this entity is also a secured Supporting Creditor whose secured claim balance is reported separately · debtor: Ivrnet Inc. · creditor: R.C. Morris & Company S.O. Fund III Holdings Ltd. (unsecured deficiency claim) · currency: CAD
- financial positionnote: Total unsecured creditors (per list A) $6,142,395.15 (includes balance of secured claims per list B of $5,278,410.02 plus unsecured creditors $863,985.13); Secured creditors (list B) $389,981.00; Preferred creditors $0.00; Deficiency $6,142,395.15 · page: 6 · as at: 2023-10-30 · basis: Statement of Affairs (Business Proposal), as stated and estimated by the officer (Andrew Watts) · scope: Ivrnet Inc. (single entity) · currency: CAD · total assets: 389981 · total liabilities: 6532376.15