Alberta · Proposal
Creditor's Package - Proposal and First Meeting of Creditors
Meeting materials · 6 April 2026
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: Components only, not summed by rule: Cash on hand $61,000; SR&ED receivable $345,000; Accounts receivable $248,000; Machinery and equipment $37,000; Retainer paid to Trustee $20,000. Liabilities noted separately: CRA prefiling source deductions/Crown priority claim $841,165; secured claim of Merchant Opportunities Canada LP $86,000; unsecured creditor claims totaling approximately $124,252. · as at: 2026-02-27 · basis: Book Value as at February 27, 2026 (per Table 3) · scope: entity - Altitude Installations Ltd. · currency: CAD
- recovery outcomeentries: basis: liquidation_alternative · quote: In particular, unsecured creditors are expected to receive a distribution of approximately $0.10 on the dollar, whereas no recovery is anticipated in a bankruptcy due to the priority claim of the Canada Revenue Agency. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on our review of the Company's current assets and liabilities and our discussions with the Company's management, in the event of a bankruptcy, it is our view that the liquidation of the Company's assets would provide the unsecured creditors a recovery of $nil. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-30 · table missing: