Alberta · NOI
Notice to Creditors Package - Proposal
Notice to creditors · 8 October 2025
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 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: estimated · 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; depends on total proven Unsecured Claims and Proposal Trustee's fees · claims qualifier: unstated; basis: liquidation_alternative · quote: In the event of a deemed bankruptcy of the Company, it is anticipated that there would be no distribution to the Unsecured Creditors, given the CRA Deemed Trust Claim and the fact that the assets are fully encumbered by various Secured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-08 · table missing: