Alberta · Bankruptcy
Minutes from the First Meeting of Creditors
Notice to creditors · 15 June 2022
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What we verified from this filing23 verified
- financial positionnote: Total realizable assets per Statement of Affairs: Cash 0.00, Accounts Receivable 3.00, Vehicles 16.00, Total $19.00. Total secured creditors per Statement of Affairs $1,903,251.48; per Claims Register total secured $1,989,716.73. Trustee expects asset value insufficient to cover CRA's deemed trust claim (if any) and secured creditors' claims, making distributions to unsecured creditors unlikely. · page: 4 · as at: 2022-05-24 · basis: per Debtor's Statement of Affairs · scope: entity - Bryers Contracting Ltd. · currency: CAD · total assets: 19
- secured creditorspage: 4 · as of: Statement of Affairs · amount: 15178.82 · debtor: Bryers Contracting Ltd. · creditor: Workers Compensation Board · currency: CAD
- secured creditorsnote: Deemed trust claim - existence uncertain; Trustee reached out to CRA to determine if CRA has a deemed trust claim, and cannot confirm amount · page: 4 · debtor: Bryers Contracting Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorspage: 4 · as of: Statement of Affairs · amount: 31771.56 · debtor: Bryers Contracting Ltd. · creditor: ATB Financial · currency: CAD
- secured creditorspage: 4 · as of: Statement of Affairs · amount: 5290.74 · debtor: Bryers Contracting Ltd. · creditor: Government of Alberta · currency: CAD
- secured creditorspage: 4 · as of: Statement of Affairs · amount: 216249.98 · debtor: Bryers Contracting Ltd. · creditor: Accord Business Credit Inc. · currency: CAD
- secured creditorspage: 4 · as of: Statement of Affairs · amount: 1 · debtor: Bryers Contracting Ltd. · creditor: Northbridge General Insurance · currency: CAD
- secured creditorsnote: Two separate BDC accounts filed proofs of claim totaling 655,117.64 (195,147.42 + 459,970.22) per Claims Register · page: 4 · as of: Statement of Affairs · amount: 531357 · debtor: Bryers Contracting Ltd. · creditor: Business Development Canada (BDC) · currency: CAD
- secured creditorsnote: Trustee's preliminary report states 1,103,402.38 as secured claim; two proofs of claim filed totaling 1,334,599.09 (1,214,293.97 + 120,305.12) per Claims Register · page: 7 · as of: proofs of claim filed · amount: 1334599.09 · debtor: Bryers Contracting Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 4,824.67 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 7417.78 · debtor: Bryers Contracting Ltd. · creditor: Maurice Duheme · currency: CAD
- unsecured creditorsnote: No amount filed shown; deficiency claim separate from secured claim · page: 7 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount · amount: 1069700 · debtor: Bryers Contracting Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD
- unsecured creditorsnote: Second RBC unsecured account, no amount filed shown · page: 7 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount · amount: 28723.28 · debtor: Bryers Contracting Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 302.27 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 385.14 · debtor: Bryers Contracting Ltd. · creditor: Workhub · currency: CAD
- unsecured creditorsnote: No amount filed shown for this account; second BDC unsecured account below · page: 7 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount · amount: 163325 · debtor: Bryers Contracting Ltd. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 31,771.56 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 41185.32 · debtor: Bryers Contracting Ltd. · creditor: ATB Financial · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 5,785.71 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 4565.01 · debtor: Bryers Contracting Ltd. · creditor: ATB Financial Master Card · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 2.00 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 35956.23 · debtor: Bryers Contracting Ltd. · creditor: Bank of Montreal · currency: CAD
- unsecured creditorsnote: No amount filed shown for this second account · page: 7 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount · amount: 368032 · debtor: Bryers Contracting Ltd. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 2,701.16 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 12461.54 · debtor: Bryers Contracting Ltd. · creditor: Christopher Thorne · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 4,254.18 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 5393.54 · debtor: Bryers Contracting Ltd. · creditor: Cody Duheme · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 3,309.46 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 5993.23 · debtor: Bryers Contracting Ltd. · creditor: Jay Ross · currency: CAD
- unsecured creditorsnote: Statement of Affairs amount was 3,464.69 · page: 7 · as of: June 15, 2022 · basis: Claims Register - amount filed and admitted for dividend · amount: 4480.78 · debtor: Bryers Contracting Ltd. · creditor: Kyley Page · currency: CAD
- recovery outcomeentries: basis: estimated · quote: As such, it is unlikely that there will be any distributions to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-15 · table missing: