Alberta · NOI
Notice to Creditors Package - Proposal
Notice to creditors · 8 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- financial positionnote: Total Asset Value stated at book value $716,840 with estimated realizable value of $381,500; liabilities comprised of CRA Deemed Trust $138,786, Secured Creditors $379,249, Unsecured Creditors $620,912 (Proposal Trustee's Report) though Statement of Affairs lists Unsecured Claims as $759,698. · as at: 2025-09-03 · basis: Statement of Affairs — book value and estimated realizable value provided by management; document states 'This is document is not intended to reflect the true value of the assets and liabilities of the estate at this time.' · scope: entity - Krazy Acres Trucking Ltd. · currency: CAD · total assets: 716840 · total liabilities: 1138947
- recovery outcomeentries: basis: unstated · quote: It is estimated that the Unsecured Creditors will receive between 40% and 50% of their Unsecured · pct of: unstated · outcome: distribution · pct low: 40 · pct high: 50 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: should the Proposal be accepted · claims qualifier: unstated; basis: plan · quote: With respect to the repayment of the CRA Deemed Trust Claim, the Company proposes to pay the sum of $5,833 per month, commencing on December 1, 2025 until the outstanding balance is paid in full. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: CRA Deemed Trust Claim · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: plan · quote: An analysis of the net realizable value of the assets and the associated security of Accord Financial would appear to indicate a significant shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: Accord Financial Secured Claim · creditor name: Accord Financial · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Company assesses the value of the Merchant Opportunities Secured Claim at nil and Merchant Opportunities will have the ability to file an Unsecured Claim with the Proposal Trustee. · pct of: unstated · outcome: nil · class key: secured · stated by: proposal_trustee · class label: Merchant Opportunities Secured Claim · creditor name: Merchant Opportunities · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-08 · table missing: