Alberta · Receivership (court-appointed)
Creditor Package – OGEN Holdings Ltd.
Meeting materials · 1 October 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing13 verified
- financial positionnote: All asset lines are 0.00 (total assets 0.00); total unsecured creditors $19,324,205.63, secured claims balance $14,294,394.47 shown within unsecured, preferred 0.00, contingent 0.00; stated deficiency $19,324,205.63. Trustee's notice states there appear to be no remaining assets available for unsecured creditors and no recoveries to unsecured creditors; Connect First Credit Union is the fulcrum creditor. · page: 3 · as at: 2024-09-25 · basis: Form 78 Statement of Affairs (Business Bankruptcy), 'as stated and estimated by the officer'; sworn by the Receiver/trustee representative · scope: OGEN Holdings Ltd. (single entity) · currency: CAD · total assets: 0 · total liabilities: 19324205.63
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 3159.63 · debtor: OGEN Holdings Ltd. · creditor: Global Industrial Canada · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 1875.09 · debtor: OGEN Holdings Ltd. · creditor: 979105 Alberta Inc. · currency: CAD
- unsecured creditorsnote: Listed as unsecured in List A; Preferred creditors (List C) are nil, so no preferred or deemed-trust treatment is stated. · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 4728270 · debtor: OGEN Holdings Ltd. · creditor: Canada Revenue Agency - Excise tax · currency: CAD
- unsecured creditorsnote: Listed as unsecured in List A. · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 253284 · debtor: OGEN Holdings Ltd. · creditor: Canada Revenue Agency - GST · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 3643.64 · debtor: OGEN Holdings Ltd. · creditor: MBM Intellectual Property Law LLP · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 13147.31 · debtor: OGEN Holdings Ltd. · creditor: RSM Alberta LLP · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 6212.42 · debtor: OGEN Holdings Ltd. · creditor: Stratus Electrical Instrumentation · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 3678.47 · debtor: OGEN Holdings Ltd. · creditor: Daikin Applied Canada Inc. · currency: CAD
- unsecured creditorsnote: Nominal $1.00 entry. · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 1 · debtor: OGEN Holdings Ltd. · creditor: Office of the Superintendent of Bankruptcy Canada · currency: CAD
- unsecured creditorsnote: Same debt as the secured entry in List B; List A shows the whole claim as unsecured because estimated value of security is 0.00 (security listed as cash on hand). List A total unsecured creditors $19,324,205.63 includes this amount ($5,029,811.16 other creditors + $14,294,394.47). · page: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A): total claim 0.00, unsecured claim and balance of claim $14,294,394.47 · amount: 14294394.47 · debtor: OGEN Holdings Ltd. · creditor: Connect First Credit Union Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Statement of Affairs (Form 78, List A) as stated and estimated by the officer · amount: 16539.6 · debtor: OGEN Holdings Ltd. · creditor: Modern Metal Products Ltd. · currency: CAD
- secured creditorsnote: Per the Statement of Affairs (List B), claim $14,294,394.47, estimated value of security 0.00, balance of claim/unsecured $14,294,394.47 (also shown in List A as an unsecured claim of that amount). The trustee's notice describes the senior lender as the fulcrum creditor with no recoveries to unsecured creditors. Amounts as stated and estimated by the officer, not proven claims. · page: 5 · as of: 2024-09-25 · amount: 14294394.47 · debtor: OGEN Holdings Ltd. · creditor: Connect First Credit Union Ltd. · currency: CAD · security: Particulars of security listed as 'Cash on hand'; estimated value of security $0.00 (Form 78 List B)