Saskatchewan · NOI

ALX Artificial Lift Werx Ltd. - Notice of Proposal to Creditors

Notice to creditors · 13 May 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 filing1 verified

financial positionnote: Statement of Affairs is dated 31-Oct-2024, with the Notice of Intention filed Nov 1, 2024. Liabilities: secured creditors 2,121,969.33; preferred 0.00; unsecured 3,768,967.43; contingent/trust 0.00. The form shows a deficiency of -2,776,691.13 (and a 'Surplus' line of 2,776,691.13, apparently mislabelled). The Trustee's report lists a Guarantee of Affinity Credit Union debt as 'TBD' and a liabilities total of 6,203,429.81 that differs from the Statement of Affairs total. · as at: 2024-10-31 · basis: Debtor's sworn Statement of Affairs (Form 78), management estimates stated and estimated by the debtor; the Trustee's Preliminary Report repeats the asset figures as per the Statement of Affairs · scope: ALX Artificial Lift Werx Ltd. (single entity) · currency: CAD · total assets: 3114245.63 · total liabilities: 5890936.76