Alberta · Bankruptcy

Creditor Package - Kurmak

Meeting materials · 15 July 2024

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What we verified from this filing58 verified · 1 withheld

appointee roletrustee
commencement date8 July 2024
court file no25-3101716
provinceAlberta
statutory basisSubsection 102(1) of the Act
financial positionnote: Date of bankruptcy July 8, 2024. Total unsecured creditors $1,278,875.64 (List A unsecured $1,225,824.77 + balance of secured claims per List B $53,050.87); secured creditors per List B $43,000.00; preferred per List C $0.00; contingent per List D $0.00. Assets: machinery/equipment est. $5,000.00 and two 2019 Ford vehicles est. $38,000.00; accounts receivable $47,017.42 stated as bad, estimated to produce $0.00 (List E). Deficiency $1,278,875.64; surplus NIL. · page: 3 · as at: 2024-07-08 · basis: Statement of Affairs (Form 78, business bankruptcy) as stated and estimated by the officer, sworn · scope: Kurmak Builders Inc. (single entity) · currency: CAD · total assets: 43000 · total liabilities: 1321875.64
unsecured creditorsnote: CEBA loan; distinct from the secured Scotiabank claim in List B · page: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 59401 · debtor: Kurmak Builders Inc. · creditor: Bank of Nova Scotia CEBA · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1522.5 · debtor: Kurmak Builders Inc. · creditor: Basement Technologies Calgary Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 5589.92 · debtor: Kurmak Builders Inc. · creditor: Bigfoot Building Products Inc. · currency: CAD
unsecured creditorsnote: individual creditors · page: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 8042.67 · debtor: Kurmak Builders Inc. · creditor: Brett Lucas & Edna Lucas · currency: CAD
unsecured creditorsnote: Attn: Margie Penular · page: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 94744 · debtor: Kurmak Builders Inc. · creditor: Business Development Bank of Canada - Calgary · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 10122.73 · debtor: Kurmak Builders Inc. · creditor: Canyon Plumbing & Heating Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1166.38 · debtor: Kurmak Builders Inc. · creditor: Caydence Photography · currency: CAD
unsecured creditorsnote: individual creditors · page: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 21058.07 · debtor: Kurmak Builders Inc. · creditor: Cheryl & Brian Nichol · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1956.15 · debtor: Kurmak Builders Inc. · creditor: Clear North Glass Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 28000.88 · debtor: Kurmak Builders Inc. · creditor: Common Ground Electric Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 2210.86 · debtor: Kurmak Builders Inc. · creditor: Comrie Boudreau Professional Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 94456.33 · debtor: Kurmak Builders Inc. · creditor: Denca Distributors Ltd. · currency: CAD
unsecured creditorsnote: CRA account 873458616; deemed-trust class; amount stated as $0.00 (Surrey National Verification and Collection Centre) · page: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 0 · debtor: Kurmak Builders Inc. · creditor: CRA - Tax - Prairies · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 602.18 · debtor: Kurmak Builders Inc. · creditor: 966101 Alberta Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 543409 · debtor: Kurmak Builders Inc. · creditor: 586653 Alberta Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 81604.9 · debtor: Kurmak Builders Inc. · creditor: After Eight Interiors Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 53362.97 · debtor: Kurmak Builders Inc. · creditor: Arbor Valley Cabinet Gallery · currency: CAD
unsecured creditorspage: 4 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 3932.25 · debtor: Kurmak Builders Inc. · creditor: Ardivan Enterprises · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 19513.97 · debtor: Kurmak Builders Inc. · creditor: M Craft Woodwork · currency: CAD
unsecured creditorsnote: Attn: Dina Di Rado · page: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 775.33 · debtor: Kurmak Builders Inc. · creditor: Enmax · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 4226.25 · debtor: Kurmak Builders Inc. · creditor: Expert HVAC Solutions Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 787.5 · debtor: Kurmak Builders Inc. · creditor: Final Shine · currency: CAD
unsecured creditorsnote: Attn: Bankruptcy Department · page: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 3814.44 · debtor: Kurmak Builders Inc. · creditor: Ford Credit Canada Limited · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1391.25 · debtor: Kurmak Builders Inc. · creditor: H.B. Provac Sales & Service Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 240.45 · debtor: Kurmak Builders Inc. · creditor: Hearth Fireplace Distributor Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 11788.88 · debtor: Kurmak Builders Inc. · creditor: IBE Painting · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 250.95 · debtor: Kurmak Builders Inc. · creditor: Jan-Pro Cleaning Systems · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 26975.34 · debtor: Kurmak Builders Inc. · creditor: JR Mechanical Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 323.87 · debtor: Kurmak Builders Inc. · creditor: Justin Time Furnace Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 13974.98 · debtor: Kurmak Builders Inc. · creditor: Key-Gray Electrical Services Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 708.75 · debtor: Kurmak Builders Inc. · creditor: Mapogo Construction Ltd. · currency: CAD
unsecured creditorsnote: amount stated as $0.00 · page: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 0 · debtor: Kurmak Builders Inc. · creditor: Open Circle Benefits · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1108.8 · debtor: Kurmak Builders Inc. · creditor: Pacific Stone Fabrication Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 951.83 · debtor: Kurmak Builders Inc. · creditor: Pit Stop Portable Toilet Services Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 7478.26 · debtor: Kurmak Builders Inc. · creditor: Ply Gem Canada, Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 2697.9 · debtor: Kurmak Builders Inc. · creditor: Pro Install Solutions Ltd. · currency: CAD
unsecured creditorsnote: Attn: Chantal Maillet; amount stated as $0.00 · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 0 · debtor: Kurmak Builders Inc. · creditor: Xerox Canada Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 5193.89 · debtor: Kurmak Builders Inc. · creditor: Rhino Waste Management · currency: CAD
unsecured creditorsnote: List A balance-of-claim row (no. 38); unsecured shortfall of the secured Scotiabank claim (List B no. 1, gross $96,050.87, security value $43,000.00) · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 53050.87 · debtor: Kurmak Builders Inc. · creditor: Scotiabank c/o Canaccede International Management Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1684 · debtor: Kurmak Builders Inc. · creditor: Scotiabank Visa c/o Canaccede International Management Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1527.75 · debtor: Kurmak Builders Inc. · creditor: Signature Roof Tile Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1569.75 · debtor: Kurmak Builders Inc. · creditor: Sonata Window Fashions & Interior Designs Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 1076.25 · debtor: Kurmak Builders Inc. · creditor: Sons of Electric · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 5115.46 · debtor: Kurmak Builders Inc. · creditor: Spindle, Stairs & Railings 2002 Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 26064 · debtor: Kurmak Builders Inc. · creditor: TD Canada Trust Visa C/O FCT Default Solutions · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 987 · debtor: Kurmak Builders Inc. · creditor: Techno Metal Post Calgary Inc. · currency: CAD
unsecured creditorsnote: Attn: Rick Wan; amount stated as $0.00 · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 0 · debtor: Kurmak Builders Inc. · creditor: Telus Residential/Business Services · currency: CAD
unsecured creditorsnote: workers' compensation; Attn: Collection Department; amount stated as $0.00 · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 0 · debtor: Kurmak Builders Inc. · creditor: WCB Workers Compensation Board of Alberta · currency: CAD
unsecured creditorspage: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 750.46 · debtor: Kurmak Builders Inc. · creditor: Westrim Contractors Ltd. · currency: CAD
unsecured creditorsnote: individual creditors (POA for Diane Yip) · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 56569 · debtor: Kurmak Builders Inc. · creditor: Tiffiny Yip, Diane Yip & Neil Yip - POA for Diane Yip · currency: CAD
unsecured creditorsnote: individual creditors · page: 6 · as of: 2024-07-08 · basis: Statement of Affairs List A (Unsecured Creditors) as stated by the officer · amount: 17095.67 · debtor: Kurmak Builders Inc. · creditor: Tom Harper and Lauri Anderson · currency: CAD
secured creditorsnote: List B secured creditor no. 1; creditor c/o Canaccede International Management Ltd. (London ON). Claim bifurcated by security value - $43,000.00 secured, $53,050.87 ranks unsecured (balance of claim, carried in List A no. 38). Distinct from the unsecured Bank of Nova Scotia CEBA loan in List A no. 6. · page: 7 · as of: 2024-07-08 · amount: 96050.87 · debtor: Kurmak Builders Inc. · creditor: Bank of Nova Scotia (Scotiabank) · currency: CAD · security: 2019 Ford F-150 (VIN 1FTEX1EP6KKC56809) est. value $20,000.00; 2019 Ford Flex Limited (VIN 2FMHK6DT8KBA14679) est. value $18,000.00; business assets - machinery, tools/equipment, office equipment and furniture, computer hardware est. value $5,000.00; total estimated value of security $43,000.00

1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.