Alberta · Bankruptcy
Trustee's Report on the Preliminary Administration
Court officer report · 25 June 2024
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What we verified from this filing25 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date7 June 2024
- court file noBKY 25-3090068
- proceeding typebia_bankruptcy
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Vehicle was not in possession of the Company at date of bankruptcy (transferred to director/shareholder pre-bankruptcy and sold for $500); WCB filed a secured claim which was admitted; amount matches SOA amount in claims register (page 3). · page: 2 · as of: time of preparing this report (2024-06-25) · amount: 2993.82 · debtor: Prima Foam Corp. · creditor: Workers' Compensation Board of Alberta (WCB) · currency: CAD · security: PPSA registration on 2010 GMC Sierra
- unsecured creditorsnote: Deemed trust class (unremitted payroll source deductions); subject to audit by CRA. Broader SOA-level unremitted balance shown in register was $355,295.16, of which only a portion is deemed trust; Trustee seeking Administrative Agreement to have fees paid in priority to this claim. · page: 2 · as of: time of preparing this report (2024-06-25) · basis: Amount received/filed by CRA as reported by Trustee · amount: 83444.79 · debtor: Prima Foam Corp. · creditor: Canada Revenue Agency (CRA) - Deemed Trust Claim · currency: CAD
- provinceAlberta
- unsecured creditorsnote: SOA amount was $60,000.00; proof of claim filed and admitted for the higher figure. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 60811.47 · debtor: Prima Foam Corp. · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 638.2 · debtor: Prima Foam Corp. · creditor: Shaw Direct Communications Inc. · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 13346.67 · debtor: Prima Foam Corp. · creditor: Shoemaker Drywall Suppliers · currency: CAD
- unsecured creditorsnote: Preferred creditor claim; not proved; no proof of claim filed. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (Rank/Class F) · amount: 2700 · debtor: Prima Foam Corp. · creditor: Safeway Holdings (Alberta) Ltd. · currency: CAD
- unsecured creditorsnote: Distinct unsecured claim from WCB's secured PPSA claim on the vehicle; no proof of claim filed for this portion. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 9557.62 · debtor: Prima Foam Corp. · creditor: Workers' Compensation Board of Alberta (unsecured portion) · currency: CAD
- unsecured creditorsnote: SOA (debtor-estimated) amount was $12,500.00; proof of claim filed and admitted for the higher figure. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 16999.01 · debtor: Prima Foam Corp. · creditor: American Express c/o FCT Default Solutions · currency: CAD
- unsecured creditorsnote: SOA amount was $13,000.00; proof of claim filed and admitted for the higher figure. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 16088.63 · debtor: Prima Foam Corp. · creditor: Carlisle Spray Foam Insulation · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 1 · debtor: Prima Foam Corp. · creditor: CRA - Tax - Prairies (79726 1690 RC0001) · currency: CAD
- unsecured creditorsnote: No SOA amount shown for this account; proof of claim filed and admitted. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 276275.12 · debtor: Prima Foam Corp. · creditor: CRA - Tax - Prairies (79726 1690 RP0001) · currency: CAD
- unsecured creditorsnote: SOA amount was $67,512.39; proof of claim filed and admitted for the higher figure. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 68347.47 · debtor: Prima Foam Corp. · creditor: CRA - Tax - Prairies (79726 1690 RT0001) · currency: CAD
- unsecured creditorsnote: SOA amount was $1,980.67; proof of claim filed and admitted for the higher figure. · page: 3 · as of: 2024-06-25 · basis: Amount Filed / Admitted for Dividend per Claims Register · amount: 2205.94 · debtor: Prima Foam Corp. · creditor: Direct Energy Regulated Services · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 460.37 · debtor: Prima Foam Corp. · creditor: Enmax · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 40438.78 · debtor: Prima Foam Corp. · creditor: Olakunle Lemboye · currency: CAD
- unsecured creditorsnote: No proof of claim filed; only SOA (debtor-reported) amount recorded. · page: 3 · as of: 2024-06-25 · basis: SOA Amount per Claims Register (claim status: Not proved) · amount: 10548.56 · debtor: Prima Foam Corp. · creditor: R.J. Barrett & Co. Professional Corporation · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Trustee anticipates that there will be no funds available for distribution to the unsecured creditors after the cost of administration of this bankruptcy · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 440727.64 · interim final: unstated · conditional on: after the cost of administration of this bankruptcy · claims qualifier: asserted · stated on: 2024-06-25 · table missing: