Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 23 December 2025
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What we verified from this filing13 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date8 December 2025
- courtIN THE COURT OF KING'S BENCH OF ALBERTA
- court file no24-3308123
- financial positionnote: Shareholder's equity of $32,000 reported as at Dec. 31, 2024; no post-2024 balance sheet available due to incomplete bookkeeping. · page: 3 · as at: 2024-12-31 · basis: Management prepared financial statements (unaudited), most current available; figures in ($000's); bookkeeping not completed from January 1, 2025 to date of bankruptcy · scope: Kristy Klean Ltd. (single entity) · currency: CAD · total assets: 319000 · total liabilities: 287000
- unsecured creditorsnote: GST liability, distinct from unpaid payroll source deductions (which the Company's records show as nil and which would rank as a deemed trust claim ahead of secured creditors if any existed; CRA had not filed a proof of claim as of the report date) · page: 5 · as of: 2025-12-08 · basis: Trustee's estimate based on Company's books and records (Table 3), tied to Statement of Affairs as at December 8, 2025 · amount: 52000 · debtor: Kristy Klean Ltd. · creditor: CRA - GST · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-12-08 · basis: Trustee's estimate based on Company's books and records (Table 3), tied to Statement of Affairs as at December 8, 2025 · amount: 15000 · debtor: Kristy Klean Ltd. · creditor: ATB - Mastercard · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-12-08 · basis: Trustee's estimate based on Company's books and records (Table 3), tied to Statement of Affairs as at December 8, 2025 · amount: 60000 · debtor: Kristy Klean Ltd. · creditor: ATB - CEBA Loan · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-12-08 · basis: Trustee's estimate based on Company's books and records (Table 3), tied to Statement of Affairs as at December 8, 2025 · amount: 4000 · debtor: Kristy Klean Ltd. · creditor: New Harizion Co-op · currency: CAD
- unsecured creditorspage: 5 · as of: 2025-12-08 · basis: Trustee's estimate based on Company's books and records (Table 3), tied to Statement of Affairs as at December 8, 2025 · amount: 1000 · debtor: Kristy Klean Ltd. · creditor: ATCO Energy Ltd. · currency: CAD
- secured creditorsnote: DISCHARGED security - loans paid in full from vehicle sale proceeds prior to bankruptcy; per-vehicle payout balances at Sept 2, 2025 sale (Table 5): $20,558; $19,829; $18,784; $53,549. No amount currently owing. · page: 6 · as of: 2025-09-02 · debtor: Kristy Klean Ltd. · creditor: The Bank of Nova Scotia (Scotia Bank) · currency: CAD · security: Four PPSA registrations against vehicles (serialized equipment/PMSI financing)
- recovery outcomeentries: basis: estimated · quote: Based on the review of the books and records of the Company the Trustee estimates there will be a recovery to the unsecured creditors of between $27,000 and $47,000 or $0.20 to $0.36 per $1 of unsecured claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 27000 · amount high: 47000 · class label: Unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-12-23 · table missing: