Alberta · Bankruptcy
Creditor Package - Flare Skate Blade Ltd.
Meeting materials · 22 June 2026
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What we verified from this filing30 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roletrustee
- commencement date22 June 2026
- court file no25-3389187
- proceeding typebia_bankruptcy
- provinceAlberta
- statutory basisSubsection 102(1) of the Act
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Document states secured creditors as $0.00 (line 1 of Liabilities summary) and preferred creditors/priorities and contingent claims each as $0.00; deficiency of $2,108,537.28 reported. · page: 3 · as at: 2026-06-22 · basis: Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · scope: Flare Skate Blade Ltd. (single entity, corporate bankrupt) · currency: CAD · total assets: 10000 · total liabilities: 2118537.28
- unsecured creditorsnote: Shareholder loan; related party (shareholder/director) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 30000 · debtor: Flare Skate Blade Ltd. · creditor: James Stuart · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 15000 · debtor: Flare Skate Blade Ltd. · creditor: Jamie Wilson · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 75000 · debtor: Flare Skate Blade Ltd. · creditor: Larry Smith · currency: CAD
- unsecured creditorsnote: Accounts payable; address (147 Stonepine Drive SW, Calgary) matches shareholder James Stuart's address - possible related party · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 132300 · debtor: Flare Skate Blade Ltd. · creditor: Norstar · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 14830.23 · debtor: Flare Skate Blade Ltd. · creditor: Norton Rose Canada LLP - Montréal · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 3990 · debtor: Flare Skate Blade Ltd. · creditor: Proact Chartered Accountants · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 29869.2 · debtor: Flare Skate Blade Ltd. · creditor: Robic S.E.N.C.R.L. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 48762.99 · debtor: Flare Skate Blade Ltd. · creditor: Red Rooster · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 33484.64 · debtor: Flare Skate Blade Ltd. · creditor: Borden Ladner Gervais LLP - Calgary · currency: CAD
- unsecured creditorsnote: Accounts payable - CEBA loan · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 60000 · debtor: Flare Skate Blade Ltd. · creditor: CIBC c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 5748.1 · debtor: Flare Skate Blade Ltd. · creditor: CIBC Visa c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: Corporate taxes; listed entirely in unsecured column (Preferred/Priorities = 0.00); deemed-trust status not expressly stated · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 23041.22 · debtor: Flare Skate Blade Ltd. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorsnote: Nature: Other/Collections; marked as contingent/trust claim (X) with stated amount of $0.00 - amount not meaningfully quantified · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · debtor: Flare Skate Blade Ltd. · creditor: Dixon Commercial Investigators (1982) Inc. · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder/director) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 4720.26 · debtor: Flare Skate Blade Ltd. · creditor: James Stuart · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder/director) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 150632.02 · debtor: Flare Skate Blade Ltd. · creditor: James Stuart · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder/director) · page: 5 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 1335175.92 · debtor: Flare Skate Blade Ltd. · creditor: James Stuart · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder) · page: 6 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 126200 · debtor: Flare Skate Blade Ltd. · creditor: Stephen Green · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder); document also shows an 'estimated surplus/(deficit) from security' of -1.00 in this line, though the claim is listed as unsecured · page: 6 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 1 · debtor: Flare Skate Blade Ltd. · creditor: Stephen Green · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 4781.7 · debtor: Flare Skate Blade Ltd. · creditor: Sputtek · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party (shareholder) · page: 6 · as of: 2026-06-22 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · amount: 25000 · debtor: Flare Skate Blade Ltd. · creditor: Royal Adderson · currency: CAD
- secured creditors