Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 15 August 2025
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date28 July 2025
- courtIN THE COURT OF KING'S BENCH OF ALBERTA
- court file no24-3253053
- financial positionnote: Shareholders' deficiency of $(194,452) reconciles assets to liabilities (Table 2). Trustee confirmed 'there are no secured creditors as of the date of bankruptcy' after reviewing books/records and the Personal Property Registry. As at date of bankruptcy (July 28, 2025), Company held approximately $3,586 in bank accounts (separate from June 30, 2025 balance sheet cash figure of $1,672). · page: 3 · as at: 2025-06-30 · basis: Management prepared financial statements (most current available; prior period financials not prepared as Company had no operations previously) · scope: Entity-level, Szmata Projects Ltd. only · currency: CAD · total assets: 157255 · total liabilities: 351707
- unsecured creditorsnote: Owing for Corporate Income Tax; CRA had not filed a proof of claim as of the date of this report. · page: 4 · basis: Trustee's estimated claim per books and records (Table 3) · amount: 311 · debtor: Szmata Projects Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Related party (recorded as 'Due to Related Party' on the Company's June 30, 2025 balance sheet); amount matches balance sheet figure exactly. · page: 4 · as of: 2025-06-30 · basis: Trustee's estimated claim per books and records (Table 3) · amount: 351707 · debtor: Szmata Projects Ltd. · creditor: Szmata Holdings Ltd. · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates there will be no recovery to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 352018 · interim final: unstated · claims qualifier: estimated · stated on: 2025-08-15 · table missing:
- secured creditors