Alberta · Proposal
First Report of the Proposal Trustee-Proposal Trustee – August 28, 2025
Court officer report · 28 August 2025
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What we verified from this filing12 verified
- applicantSUPERIOR PAINT & AUTOBODY CORP.
- courtKING’S BENCH OF ALBERTA
- court file no2501-13442
- appointeeAlbert Gelman Inc.
- appointee roletrustee
- commencement date6 August 2025
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Deemed trust claim - unpaid payroll source deductions; approximate amount per Trustee's understanding, listed under 'Governmental Agencies' within Secured Creditors section · page: 7 · as of: 2025-07-28 · amount: 2300000 · debtor: Superior Paint & Autobody Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Deemed trust claim - GST collected but not remitted; approximate amount per Trustee's understanding, listed under 'Governmental Agencies' within Secured Creditors section · page: 7 · as of: 2025-07-28 · amount: 40000 · debtor: Superior Paint & Autobody Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Document does not name individual unsecured creditors on these pages (an itemized Creditor List is referenced as Appendix 'B' but not reproduced in the provided pages) · page: 7 · as of: Filing Date (August 6, 2025) · basis: Company's estimate as reported in Trustee's First Report · amount: 2200000 · debtor: Superior Paint & Autobody Corp. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Blanket all-property registrant; no balance stated in registration · page: 22 · debtor: Superior Paint & Autobody Corp. (also registered against Superior Paint & Autobody and Ryan Viner) · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD · security: PPSA Security Agreement registration #23062723344, dated 2023-Jun-27, over all present and after-acquired personal property of the debtors, including future debit/credit card receivables
- secured creditorsnote: Income tax judgment lien; appears distinct from the ~$40,000 GST and ~$2.3 million payroll source deduction amounts referenced elsewhere in the Trustee's report · page: 23 · as of: 2025-07-30 (PPSA search date; 'current amount owing') · amount: 1404882 · debtor: Superior Paint & Autobody Corp. · creditor: His Majesty the King in Right of Canada (CRA) · currency: CAD · security: Writ of Seizure and Sale (Federal Writ) registered under PPSA #24110417077, registered 2024-Nov-04; judgment file ITA-7811-24, judgment dated 2024-Aug-27; original judgment amount $1,406,390.11