Alberta · Bankruptcy
Trustee's Preliminary Report dated November 13, 2025
Court officer report · 13 November 2025
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What we verified from this filing12 verified
- court file no25-3289624
- proceeding typebia_bankruptcy
- provinceAlberta
- appointeeGrant Thornton Limited
- appointee roletrustee in bankruptcy
- commencement date24 October 2025
- statutory basissection 49 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basissection 49 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- financial positionnote: SOA lists asset categories (not summed): Inventory $103,532 (SOA value and estimated realizable value); Vehicle $9,750 (SOA value and estimated realizable value); Furniture $4,428 (SOA value) / $885 (estimated realizable value); Accounts Receivable $295,393 (SOA value) / nil (estimated realizable value); Other assets $157,575 (SOA value) / nil (estimated realizable value). SOA also lists 47 unsecured creditors totalling approximately $3,481,219, plus separately registered secured claims; no single total assets or total liabilities figure is stated. · basis: SOA values and Trustee's/Company's estimated realizable values; books and records not reviewed or audited by the Trustee · scope: entity - 1815252 Alberta Ltd. · currency: CAD
- operational summaryThe Company, a Calgary-based alcohol wholesaler/retailer, ceased operations after losing its Highfield retail lease and 5400 Premises warehouse lease due to rent defaults, and filed for bankruptcy on October 24, 2025 after strategic alternatives including a going-concern sale failed.
- recovery outcomeentries: basis: estimated · quote: As of the date of this Report, given the estimated realizations discussed above and the secured interests in favour of Servus and BDC, the Trustee does not expect any distributions will be made available to the Company's ordinary unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-13 · table missing:
- report date13 November 2025