Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 17 September 2026
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- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- courtIN THE COURT OF KING’S BENCH OF ALBERTA
- court file no24-3416648
- commencement date28 August 2026
- financial positionnote: Total liabilities computed by document as sum of current liabilities (5,409) and long-term liabilities (577) per Table 2, which together equal 5,986; shareholder's equity (deficit) of (4,037) reconciles assets to liabilities; current AR balance as at bankruptcy is unknown and not declared on Statement of Affairs · page: 3 · as at: 2025-04-30 · basis: Compiled by an independent, external accountant · scope: Forester Logging Ltd. (entity level); no stub-period financial statements prepared to date of Bankruptcy (August 28, 2026) · currency: CAD · total assets: 1949000 · total liabilities: 5986000
- secured creditorsnote: Estimated claim per Table 3 · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 1000 · debtor: Forester Logging Ltd. · creditor: Stetson Hinton GM · currency: CAD · security: Secured - all present and after-acquired property
- secured creditorsnote: Estimated claim per Table 3; has initiated enforcement proceedings · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 1941000 · debtor: Forester Logging Ltd. · creditor: John Deere Credit Inc. · currency: CAD · security: Secured - specific serial number registration
- secured creditorsnote: Deemed trust class (payroll source deductions); may have priority over all other secured claims; CRA had not filed a proof of claim as of report date; estimated claim per Table 3 · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 352000 · debtor: Forester Logging Ltd. · creditor: CRA · currency: CAD · security: Deemed trust - all present and after-acquired property
- secured creditorsnote: Estimated claim per Table 3; has initiated enforcement proceedings · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 1016000 · debtor: Forester Logging Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: Secured - specific serial number registration and GSA
- secured creditorsnote: Estimated claim per Table 3; has initiated enforcement proceedings · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 926000 · debtor: Forester Logging Ltd. · creditor: National Bank of Canada · currency: CAD · security: Secured - specific serial number registration and GSA
- secured creditorsnote: Estimated claim per Table 3 · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · amount: 1000 · debtor: Forester Logging Ltd. · creditor: Stetson GM · currency: CAD · security: Secured - specific serial number registration
- unsecured creditorsnote: Document does not name individual creditors on these pages; approximate figure ('approximately $1.4m') · page: 5 · as of: Trustee's Report to Creditors date (September 17, 2026) · basis: Trustee identified approximately 9 potential unsecured creditors based on Company's books and records; complete listing in First Meeting of Creditors package · amount: 1400000 · debtor: Forester Logging Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee estimates there will be no recovery to creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-17 · table missing: