Alberta · Bankruptcy
Trustee's Report on Preliminary Administration dated August 12, 2026
Court officer report · 12 August 2026
What we verified from this filing9 verified
- appointeeAlixPartners Restructuring, Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date22 July 2026
- provinceALBERTA
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- financial positionnote: Estimated NRV is preliminary and subject to change based on realization process, auction outcome, and AR collection; components: Inventory $292,000, PP&E $690,000, Accounts receivable $536,000, Cash $19,000 · page: 2 · as at: Bankruptcy Date · basis: Estimated net realizable value (NRV) based on the Company's books and records, unaudited · scope: Seletech Electrical Enterprises Ltd. (single entity) · currency: CAD · total assets: 1537000
- unsecured creditorsnote: Document names no individual unsecured creditors; approximate figure per Company's books and records, subject to Trustee's review · page: 4 · as of: Bankruptcy Date · basis: According to the Company's books and records, as at the Bankruptcy Date, approximately $5.1 million · amount: 5100000 · debtor: Seletech Electrical Enterprises Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Deemed trust claim (BIA deemed trust provisions) for unpaid source deductions; subject to Trustee's review of nature and priority · page: 4 · as of: Bankruptcy Date · basis: Company's books and records, as reported by Trustee · amount: 1923431.55 · debtor: Seletech Electrical Enterprises Ltd. · creditor: Canada Revenue Agency · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Based on the information currently available, the Trustee is not yet in a position to determine the amount, if any, that will be available for distribution to the Company's creditors as such amount is based on the outcome of: (i) selection of an auctioneer; (ii) successful collection of the Company's remaining accounts receivable; and (iii) the CRA conducting an final audit of the statutory arrears. · pct of: unstated · outcome: undetermined · stated by: trustee · class label: the Company's creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-12 · table missing: