Alberta · Bankruptcy
Trustee Preliminary Report
Court officer report · 27 February 2025
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What we verified from this filing13 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date7 February 2025
- court file no25-3184974
- proceeding typebia_bankruptcy
- secured creditorsnote: One of four Secured Creditors paid from net proceeds of the Joiner Auction prior to the Filing Date; individual amount not stated; security satisfied/discharged before the Filing Date. · page: 2 · as of: Joiner Auction date (January 16, 2025) · debtor: OnGrowing Works Ltd. · creditor: Calmont Equipment Ltd. · currency: CAD · security: Security interest registered in the Personal Property Registry of Alberta
- secured creditorsnote: Trustee's estimate; WEPP claim relating to unpaid wages owed to former employees, characterized by the Trustee as a secured claim; figure is an estimate, not a confirmed balance. · page: 2 · as of: Filing Date (2025-02-07) · amount: 42300 · debtor: OnGrowing Works Ltd. · creditor: Service Canada (Wage Earners' Protection Program) · currency: CAD · security: Statutory super-priority security under section 81.3(1) of the BIA against the Company's current assets
- secured creditorsnote: One of four Secured Creditors paid from net proceeds of the Joiner Auction prior to the Filing Date; individual amount not stated; security satisfied/discharged before the Filing Date. · page: 2 · as of: Joiner Auction date (January 16, 2025) · debtor: OnGrowing Works Ltd. · creditor: Jim Pattison Industries Ltd. · currency: CAD · security: Security interest registered in the Personal Property Registry of Alberta
- secured creditorsnote: One of four Secured Creditors paid from net proceeds of the Joiner Auction prior to the Filing Date; individual amount not stated; security satisfied/discharged before the Filing Date. · page: 2 · as of: Joiner Auction date (January 16, 2025) · debtor: OnGrowing Works Ltd. · creditor: Summit Acceptance Corp. · currency: CAD · security: Security interest registered in the Personal Property Registry of Alberta
- secured creditorsnote: One of four Secured Creditors paid from net proceeds of the Joiner Auction of the Company's physical assets prior to the Filing Date; individual pre-payment amount not stated; security satisfied/discharged before the Filing Date and no balance remains outstanding. · page: 2 · as of: Joiner Auction date (January 16, 2025) · debtor: OnGrowing Works Ltd. · creditor: Alberta Treasury Branches (ATB) · currency: CAD · security: Security interest registered in the Personal Property Registry of Alberta
- unsecured creditorsnote: Document reports an aggregate figure only ('approximately $1.1 million'); no individual creditors named. Amount includes amounts owing to former employees. As of report date, 23 proofs of claim from ordinary unsecured creditors totalling approximately $231,400 and 18 proofs of claim from former employees totalling approximately $101,300 had been filed (proofs-filed figures, distinct from the reported claim total). · page: 2 · as of: Filing Date (2025-02-07) · basis: List of creditors reported by the Company as at the Filing Date · amount: 1100000 · debtor: OnGrowing Works Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Trustee was recently made aware by CRA of a payroll tax shortfall; under investigation; may result in a CRA deemed trust claim, but not yet confirmed or formally asserted; unresolved/contingent. · page: 3 · as of: 2024 (payroll tax year) · amount: 18100 · debtor: OnGrowing Works Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Potential deemed trust claim (employee portion of unremitted payroll taxes)
- recovery outcomeentries: basis: estimated · quote: As noted above, the Trustee does not currently anticipate that any funds will be available for distribution to OnGrowing's ordinary unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors · claims amount: 1100000 · interim final: unstated · claims qualifier: listed · stated on: 2025-02-27 · table missing: