Alberta · Bankruptcy
Trustee’s Preliminary Report to Creditors
Court officer report · 23 July 2021
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 filing14 verified
- applicant1343325 Alberta Ltd., Bruce Pettie, Pamela Pettie, Rachel Pettie, Tony Balfour and Barbara Balfour
- appointeeA. Farber & Partners Ltd.
- appointee roleLicensed Trustee
- commencement date31 August 2021
- provinceALBERTA
- financial positionnote: Total liabilities figure is total per Statement of Affairs ($7,255,162 unsecured + $0 preferred + $0 contingent; secured of $1,340,015 per SOA was reclassified by Trustee as unsecured); assets total $2,460 (cash $0, office furniture $2,460 estimated realizable value) · page: 2 · as at: date of bankruptcy · basis: Statement of Affairs; Trustee notes books and records not audited and expresses no opinion on validity, exactness or reliability · scope: Lonestar Services Inc. (single entity) · currency: CAD · total assets: 2460 · total liabilities: 7255162
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Tony Balfour · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Carpe Diem Property Investments Inc. · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Visual H Corp. · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Edwin Ewanchuk · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review; regulatory/government claimant · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Government of Alberta – Employment Standards, Collections Unit · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- secured creditorsnote: Trustee reclassified as unsecured claim as Company has no assets to secure this debt based on preliminary review; related party (Balfour family) · page: 3 · as of: date of bankruptcy · debtor: Lonestar Services Inc. · creditor: Balfour Holdings & Investments Inc. · currency: CAD · security: PPSA registration (Alberta) - one of 4 registrants; per Trustee, appears registered against assets owned personally by officers/directors, not the corporation
- unsecured creditorsnote: Document names no individual unsecured creditors in this figure; total claims filed with Trustee (all categories) reported as $7,617,348 · page: 3 · as of: Trustee's Preliminary Report date (2021-09-21) · basis: Claims filed with Trustee, as reported in Preliminary Report · amount: 6277333 · debtor: Lonestar Services Inc. · creditor: Unsecured creditors (aggregate as filed with Trustee) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors in this figure; secured per Statement of Affairs was $1,340,015 but Trustee reclassified secured claims as unsecured due to lack of corporate assets securing them · page: 3 · as of: date of bankruptcy · basis: Statement of Affairs as reported · amount: 7255162 · debtor: Lonestar Services Inc. · creditor: Unsecured creditors (aggregate as reported per Statement of Affairs) · currency: CAD