Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 3 July 2026
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What we verified from this filing14 verified
- courtIN THE COURT OF KING'S BENCH OF ALBERTA
- court file no24-3385782
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date12 June 2026
- financial positionnote: Shareholders' equity (deficit) of ($312,000) at Feb 28, 2025; no financial statements prepared for FY2026 or stub period to date of bankruptcy · page: 3 · as at: 2025-02-28 · basis: compiled by an independent external accountant · scope: entity (INF Franchising Ltd., unconsolidated) · currency: CAD · total assets: 4104000 · total liabilities: 4416000
- secured creditorsnote: Aggregated serialized-equipment financiers per Table 3: Access Leasing $85,000; ADD Capital Corp. $1,000; Arbutus Leasing Ltd. $1,000; Canadian Western Bank $1,000; Ford Credit Canada Limited $1,000; Infinity Leasing and Finance Inc. $330,000; Silver Chef Rentals Inc. $1,000 · page: 6 · as of: 2026-06-12 · debtor: INF Franchising Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Specific serial number registrations
- secured creditorsnote: Deemed trust claim (payroll source deductions); priority over other secured claims; CRA had not filed proof of claim as of report date · page: 6 · as of: 2026-06-12 · amount: 208000 · debtor: INF Franchising Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust - all present and after-acquired property
- secured creditorsnote: Blanket all-property registrant · page: 6 · as of: 2026-06-12 · amount: 650000 · debtor: INF Franchising Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: All present and after-acquired property
- secured creditorsnote: Also provided guarantee for Trustee's fees/disbursements (p.11) · page: 6 · as of: 2026-06-12 · amount: 377000 · debtor: INF Franchising Ltd. · creditor: RBC Royal Bank · currency: CAD · security: Specific serial number registration; all present and after-acquired property
- secured creditorsnote: Blanket all-property registrant · page: 6 · as of: 2026-06-12 · amount: 700000 · debtor: INF Franchising Ltd. · creditor: Connect First and Servus Credit Union · currency: CAD · security: All present and after-acquired property
- secured creditorspage: 6 · as of: 2026-06-12 · amount: 1000 · debtor: INF Franchising Ltd. · creditor: Dawson Wallace Construction Ltd. · currency: CAD · security: Security agreement
- secured creditorspage: 6 · as of: 2026-06-12 · amount: 1000 · debtor: INF Franchising Ltd. · creditor: West Point Mall · currency: CAD · security: Security agreement
- recovery outcomeentries: basis: estimated · quote: Accordingly, the Trustee estimates there will be no recovery for 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: 2026-07-03 · table missing: