Alberta · Bankruptcy
Trustee's Report on Preliminary Administration
Court officer report · 16 November 2023
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What we verified from this filing30 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date27 October 2023
- court file noBKY 25-3002868
- proceeding typebia_bankruptcy
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Trustee identified ATB Financial as second ranking secured creditor based on review of the PPR; no secured balance stated. Four proofs (Asset Management and Mastercard Recoveries accounts, totalling $190,381.91 SOA) appear listed under Unsecured creditors in the Claims Register, all Not proved - likely deficiency claims. · page: 2 · debtor: Fetching Fido Ltd. · creditor: ATB Financial · currency: CAD · security: General security interest over Company assets (second ranking per PPR review)
- secured creditorsnote: Trustee identified RBC as first ranking secured creditor based on review of the Personal Property Registry; no secured balance stated. A proof of claim of $25,549.29 by 'RBC Royal Bank c/o BankruptcyHighway.com' appears listed under Unsecured creditors in the Claims Register (Exhibit A), status Not proved - likely a deficiency claim. · page: 2 · debtor: Fetching Fido Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security interest over Company assets (first ranking per PPR review)
- provinceAlberta
- secured creditorsnote: Listed under 'Secured creditors' in Claims Register; Amount Filed and Admitted; no SOA amount stated for this line. Distinct from CRA's Deemed Trust Claim entry (same registration number) reported separately. · page: 3 · as of: 2023-11-16 · amount: 14904.42 · debtor: Fetching Fido Ltd. · creditor: Canada Revenue Agency - Tax - Prairies (registration 80082 9525 RP0001) · currency: CAD
- secured creditorsnote: Amount is the filed/admitted proof of claim per Claims Register; SOA Amount listed as $1,404.42. Trustee reviewing whether estate retains equitable interest in the vehicle. · page: 3 · as of: 2023-11-16 · amount: 1416.17 · debtor: Fetching Fido Ltd. · creditor: Meridian Onecap Credit Corporation (formerly Roynat Lease Finance - Toronto) · currency: CAD · security: Purchase money security interest (PMSI) on 2018 Ford Transit Van 3500, registration 458111
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 1 · debtor: Fetching Fido Ltd. · creditor: Peace Hill Insurance · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). RBC is separately identified as first ranking secured creditor per PPR review (see secured_creditors); this entry likely reflects an anticipated deficiency. · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 25549.29 · debtor: Fetching Fido Ltd. · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorsnote: SOA Amount listed as $13,833.33; admitted/filed amount is $13,833.00. · page: 3 · as of: 2023-11-16 · basis: Amount filed and admitted for dividend per Claims Register · amount: 13833 · debtor: Fetching Fido Ltd. · creditor: Samuel Beauregard c/o Taylor Janis LLP · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 1 · debtor: Fetching Fido Ltd. · creditor: WBA Law LLP · currency: CAD
- unsecured creditorsnote: Deemed trust claim for unremitted payroll source deductions; SOA Amount listed as $46,850.64; Trustee's report (page 2) estimates approximately $46,000, subject to CRA audit. Ranks ahead of ordinary unsecured claims; Trustee does not anticipate any distribution to ordinary unsecured creditors given this claim. · page: 3 · as of: 2023-11-16 · basis: Amount filed per Claims Register, listed in separate Deemed Trust Claim class · amount: 16978.61 · debtor: Fetching Fido Ltd. · creditor: Canada Revenue Agency - Tax - Prairies (Deemed Trust, registration 80082 9525 RP0001) · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 12000 · debtor: Fetching Fido Ltd. · creditor: NAPA Autopro · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 1 · debtor: Fetching Fido Ltd. · creditor: A M Luken Insurance & Financial Services Inc. · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved); related-party secured creditor per PPR (deficiency claim). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 44773.91 · debtor: Fetching Fido Ltd. · creditor: ATB Financial - Asset Management (account 840-00241039779) · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved); related-party secured creditor per PPR (deficiency claim). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 65000 · debtor: Fetching Fido Ltd. · creditor: ATB Financial - Asset Management (account 840-33630488500) · currency: CAD
- unsecured creditorsnote: CEBA loan; no proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 60000 · debtor: Fetching Fido Ltd. · creditor: ATB Financial - Asset Management (account 915-37881138500-CEBA) · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 20608 · debtor: Fetching Fido Ltd. · creditor: ATB Financial - Mastercard Recoveries (account 1271141000002381235) · currency: CAD
- unsecured creditorsnote: SOA Amount listed as nominal $1.00; actual filed/admitted claim is $2,500.00. · page: 3 · as of: 2023-11-16 · basis: Amount filed and admitted for dividend per Claims Register · amount: 2500 · debtor: Fetching Fido Ltd. · creditor: Barney Gelinas · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 1096.75 · debtor: Fetching Fido Ltd. · creditor: Bluebird Self Storage · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 1 · debtor: Fetching Fido Ltd. · creditor: Canada Revenue Agency - Tax - Prairies (registration 80082 9525 RC0001) · currency: CAD
- unsecured creditorsnote: No SOA amount stated for this line; distinct from CRA's Secured and Deemed Trust entries under the same registration number. · page: 3 · as of: 2023-11-16 · basis: Amount filed and admitted for dividend per Claims Register · amount: 15233.88 · debtor: Fetching Fido Ltd. · creditor: Canada Revenue Agency - Tax - Prairies (registration 80082 9525 RP0001) · currency: CAD
- unsecured creditorsnote: SOA Amount listed as $17,846.40; admitted/filed amount is $6,500.52. · page: 3 · as of: 2023-11-16 · basis: Amount filed and admitted for dividend per Claims Register · amount: 6500.52 · debtor: Fetching Fido Ltd. · creditor: Canada Revenue Agency - Tax - Prairies (registration 80082 9525 RT0001) · currency: CAD
- unsecured creditorsnote: No proof of claim filed (Not proved). · page: 3 · as of: 2023-11-16 · basis: Statement of Affairs amount as reported in Claims Register · amount: 394.24 · debtor: Fetching Fido Ltd. · creditor: Moneris Solutions · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Considering the deemed trust claim the Trustee does not anticipate any distribution for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: Considering the deemed trust claim · claims qualifier: unstated · stated on: 2023-11-16 · table missing: