Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 31 March 2025
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- courtIN THE COURT OF KING'S BENCH OF ALBERTA
- court file no24-3197392
- applicantATB Financial
- commencement date6 March 2025
- financial positionnote: Total Liabilities and Equity equal Total Assets ($3,624,485,000); Shareholders' equity of $344,365,000 included in total liabilities-and-equity figure but excluded from total_liabilities reported here (liabilities subtotal before equity = $3,280,120,000). · page: 3 · as at: 2023-07-31 · basis: compiled by an independent, external accountant (unaudited compiled financial statements); figures presented in ($000's) in Table 2, scaled accordingly · scope: entity - CTA Architecture + Design Ltd. (no financial statements prepared for FY2024 or stub period to March 6, 2025 date of bankruptcy) · currency: CAD · total assets: 3624485000 · total liabilities: 3280120000
- secured creditorsnote: Company's senior secured lender; exact amount reflects default judgment obtained February 6, 2025 ($1,197,593), which supersedes the rounded Table 3 estimate of $1,197,000 (000's); ATB had not filed a proof of claim as of the report date. ATB is also seeking release of ~$279,000 garnished funds pursuant to its security. · page: 5 · as of: 2025-02-06 · amount: 1197593 · debtor: CTA Architecture + Design Ltd. · creditor: ATB Financial · currency: CAD · security: General Security Agreement (GSA) over all present and after-acquired personal property
- secured creditorsnote: Deemed trust (source deductions) claim class; Trustee understands all source deduction amounts owing to CRA have been paid, so this represents a Trustee estimate per PPR/books and records; CRA had not filed a proof of claim as of the report date. · page: 5 · as of: date of bankruptcy (March 6, 2025) · amount: 1000 · debtor: CTA Architecture + Design Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust - all present and after-acquired property
- recovery outcomeentries: basis: estimated · quote: Based on estimated realizations, and the amount owing to ATB, 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 · interim final: unstated · claims qualifier: unstated · stated on: 2025-03-31 · table missing: