Alberta · Bankruptcy
Notice of Bankruptcy - Creditor Package
Notice to creditors · 3 February 2025
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What we verified from this filing32 verified
- appointeeErnst & Young Inc. (#1249)
- appointee roletrustee
- commencement date29 January 2025
- court file no24-3180017
- provinceAlberta
- statutory basisSubsection 102(1) of the Act
- secured creditorsnote: Preliminary Report (p.4) lists this creditor as secured; the sworn Statement of Affairs (p.9) reports $0.00 in the 'Secured' column and the full $1,368.09 claim as unsecured — claim appears bifurcated secured/unsecured by security valuation (security valued at nil). See corresponding unsecured entry. · page: 4 · debtor: 797237 Alberta Ltd. · creditor: ABCU Credit Union Ltd. (Beaumont Branch) · currency: CAD · security: All present and after-acquired personal property (blanket PPSA registration) per Trustee's Preliminary Report
- secured creditorsnote: Listed as known/anticipated secured creditor in Trustee's Preliminary Report; no individual balance stated; not identified in the itemized Statement of Affairs creditor list on reviewed pages. · page: 4 · debtor: 797237 Alberta Ltd. · creditor: M.A.R.R. Holdings Inc. · currency: CAD · security: All present and after-acquired personal property (blanket PPSA registration)
- secured creditorsnote: Preliminary Report (p.4) lists this creditor as secured; the sworn Statement of Affairs (p.9) reports $0.00 in the 'Secured' column and the $1.00 claim (a shareholder loan dated 30-Aug-2016) as unsecured — bifurcated by security valuation. Likely related party (shareholder loan). See corresponding unsecured entry. · page: 4 · debtor: 797237 Alberta Ltd. · creditor: Caray Holdings Ltd. · currency: CAD · security: All present and after-acquired personal property (blanket PPSA registration) per Trustee's Preliminary Report
- secured creditorsnote: Listed as known/anticipated secured creditor in Trustee's Preliminary Report; no individual balance stated; not identified in the itemized Statement of Affairs creditor list on reviewed pages. · page: 4 · debtor: 797237 Alberta Ltd. · creditor: Merchant Growth Ltd. · currency: CAD · security: All present and after-acquired personal property (blanket PPSA registration)
- financial positionnote: Total liabilities comprise Secured $46,005.27 + Preferred/priority $0.00 + Unsecured $483,366.69 + Contingent $0.00 = $529,371.96, against total assets of $46,005.27, producing a stated deficiency of $483,366.69. The itemized unsecured creditor entries visible on reviewed pages (Form 78 pp.3-4, cited above) sum to approximately $225,222.82, well below the $483,366.69 unsecured total reported in the summary — additional itemized creditors evidently appear on Form 78 pages not included in this excerpt (Form 78 pages 5-6). CRA has not yet performed a trust exam; Trustee expects further priority amounts owing (Preliminary Report, p.5). · page: 7 · as at: 2025-01-27 · basis: Statement of Affairs (Form 78) — amounts as stated and estimated by bankrupt/debtor, sworn by director Richard Chamberland on 29-Jan-2025 · scope: Entity-level — 797237 Alberta Ltd. (non-consolidated) · currency: CAD · total assets: 46005.27 · total liabilities: 529371.96
- secured creditorsnote: Deemed trust in favour of the Crown (ground for priority stated in Statement of Affairs); ranks ahead of ordinary secured creditors. Trustee's Preliminary Report (p.5) notes CRA has yet to perform a trust exam and expects additional amounts owing that could be deemed priority claims. · page: 9 · as of: 2025-01-28 · amount: 20703.01 · debtor: 797237 Alberta Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust over specified assets (asset nos. 1301,1101,201,601,802,803,804,601,501)
- unsecured creditorsnote: Reported as secured (blanket PPSA) in Trustee's Preliminary Report, but Statement of Affairs shows $0.00 secured and reports full claim as unsecured — bifurcated by security valuation. · page: 9 · as of: 2025-01-28 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 1368.09 · debtor: 797237 Alberta Ltd. · creditor: ABCU Credit Union Ltd. (Beaumont Branch) · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 85000 · debtor: 797237 Alberta Ltd. · creditor: Business Development Bank of Canada · currency: CAD
- unsecured creditorsnote: Nature: shareholder loans — related party. Also listed as secured (blanket PPSA) in Trustee's Preliminary Report, but SOA shows $0.00 secured — bifurcated by security valuation. · page: 9 · as of: 2016-08-30 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 1 · debtor: 797237 Alberta Ltd. · creditor: Caray Holdings Ltd. · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 37578.59 · debtor: 797237 Alberta Ltd. · creditor: Convoy Supply Ltd. · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 3438 · debtor: 797237 Alberta Ltd. · creditor: Customtec Metals Inc. · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 4043.55 · debtor: 797237 Alberta Ltd. · creditor: DBL Exteriors 24 Inc. · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 699.06 · debtor: 797237 Alberta Ltd. · creditor: De Lage Landen · currency: CAD
- unsecured creditorsnote: Possible related party — similarly numbered to shareholder '1389157 Alberta Ltd.' (per Preliminary Report, p.4); relationship not explicitly confirmed in document. Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 13244.11 · debtor: 797237 Alberta Ltd. · creditor: 1389153 Alberta LTD · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 9 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 12000 · debtor: 797237 Alberta Ltd. · creditor: Brisebois · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 6000 · debtor: 797237 Alberta Ltd. · creditor: Evan Cameron · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 959.73 · debtor: 797237 Alberta Ltd. · creditor: Direct Energy · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 484.44 · debtor: 797237 Alberta Ltd. · creditor: EPCOR · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 23158.1 · debtor: 797237 Alberta Ltd. · creditor: Flowmasters · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 11789.7 · debtor: 797237 Alberta Ltd. · creditor: Gary Brewer c/o Taylor Janis LLP · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 9477.26 · debtor: 797237 Alberta Ltd. · creditor: Gentek Building Products · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 1357.09 · debtor: 797237 Alberta Ltd. · creditor: GFL · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 9000 · debtor: 797237 Alberta Ltd. · creditor: Jay Kalyn · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 2775.87 · debtor: 797237 Alberta Ltd. · creditor: KayCan · currency: CAD
- unsecured creditorsnote: Nature: accounts payable. · page: 10 · basis: Statement of Affairs (Form 78) as sworn by director, 29-Jan-2025 · amount: 2848.23 · debtor: 797237 Alberta Ltd. · creditor: LSL · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Until the results of the auction are known, the Trustee is unable to confirm what the quantum of the distribution to unsecured creditors will be (if any). · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-02-04 · table missing: