Alberta · NOI
Third Report of the Proposal Trustee - dated July 15, 2026
Court officer report · 15 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- secured creditorsnote: NBC is stated to be the senior-most secured creditor of Harmony and, generally, of the MechCan Group; Harmony's liability is a guaranteed and cross-collateralized obligation. A later Third Report (post-filing) states the indebtedness as $4,342,311.67 as of June 16, 2026, including guaranteed and cross-collateralized obligations; that figure reflects the position during the proposal proceedings rather than at filing. · page: 76 · as of: 2026-03-16 · amount: 3929799.14 · debtor: Harmony Heating and Air Conditioning Inc. · creditor: National Bank of Canada (NBC) · currency: CAD · security: General Security Agreement (GSA) dated August 15, 2024 over present and after-acquired property, granted by Harmony to secure an unlimited guarantee (dated August 2024) of MechCan Inc.'s indebtedness to NBC under an Offer of Financing dated August 12, 2024 (as amended)
- secured creditorsnote: Aggregated serialized-equipment/vehicle financiers per registration search results; registrants listed: Somerville National Leasing & Rentals Ltd.; Summit Acceptance Corp; Ford Credit Canada Leasing, Division of Canadian Road Leasing Company; The Bank of Nova Scotia; Royal Bank of Canada; TD Auto Finance (Canada) Inc.; Ford Credit Canada Company. No amounts stated for these registrations. · page: 77 · debtor: Harmony Heating and Air Conditioning Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Financing statements registered against the Company's vehicles/equipment under the Personal Property Registry (Alberta) (current as of April 19, 2026) and the Personal Property Security Act (Ontario) (current as of March 26, 2026)
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 475 · quote: The average hourly rate of the Proposal Trustee is $475.00 (excluding HST). · scope: Proposal Trustee · currency: · invoices: · firm text: BDO Canada Limited · firm quote: PROPOSAL TRUSTEE BDO Canada Limited · context quote: The average hourly rate of the Proposal Trustee is $475.00 (excluding HST).; form: prose · rows: · money: tax: label: HST · quote: and HST of $78,378.84 · amount: 78378.84 · fees: quote: fees in the amount of $600,083.40 · amount: 600083.4 · total: quote: total $680,294.84 including fees in the amount of $600,083.40 plus disbursements of $1,832.60, and HST of $78,378.84 · amount: 680294.84 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: plus disbursements of $1,832.60 · amount: 1832.6 · period: end: 2026-07-15 · kind: invoice · quote: for the period of April 15, 2026 to July 15, 2026 · start: 2026-04-15 · approval: state: unstated · averages: rate: 835.63 · quote: The average hourly rate of Fasken is $835.63 (excluding HST). · scope: Fasken · currency: · invoices: · firm text: Fasken Martineau DuMoulin LLP · firm quote: Fasken Martineau DuMoulin LLP · context quote: ents of Fasken incurred for the Harmony estate for the period of April 15, 2026 to July 15, 2026, total $680,294.84 including fees in the amount of $600,083.40 plus disbursements of $1,832.60, and HST of $78,378.84,
- purchaser2811153 Alberta Ltd.; 2811153 Alberta Ltd.
- recovery outcomeentries: basis: estimated · quote: National Bank of Canada (' NBC '), the Company's senior-most secured creditor, who will suffer a significant shortfall in repayment of its indebtedness, was consulted throughout the Sale Process and is supportive of the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: National Bank of Canada · creditor name: National Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: For this reason, the Proposal Trustee does not anticipate that the Company will have remaining funds for distributions to unsecured creditors, after payment of the amounts listed above. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-07-15 · table missing:
- sale advisorBDO Canada Transaction Advisory Services Inc.
- sale outcometext: Report recommends the Court approve the Transaction contemplated by the amended and restated APA following the Auction · scope: whole_business · status: approved
- stalking horse2811153 Alberta Ltd. (375000)