Alberta · Bankruptcy
Statement of Affairs
Statement of affairs · 13 October 2022
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 filing27 verified
- commencement date13 October 2022
- financial positionnote: Deficiency stated as $2,594,465.62; secured claims balance $0.00, preferred creditors $0.00, contingent/trust claims $0.00 · page: 1 · as at: 2022-10-13 · basis: Statement of Affairs (Business Bankruptcy) as stated and estimated by the officer · scope: Westward Industrial Inc. (entity level) · currency: CAD · total assets: 59503.75 · total liabilities: 2653969.37
- provinceAlberta
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 144136 · debtor: Westward Industrial Inc. · creditor: 1497822 Alberta LTD · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 5655.37 · debtor: Westward Industrial Inc. · creditor: Capital Engineering · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 1 · debtor: Westward Industrial Inc. · creditor: Capital H2O · currency: CAD
- unsecured creditorsnote: CRA claim, no deemed-trust designation stated in document · page: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 276454.8 · debtor: Westward Industrial Inc. · creditor: CRA - Tax - Praines 818130924 · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 1 · debtor: Westward Industrial Inc. · creditor: CRA - Tax - Praines CEWS · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 1 · debtor: Westward Industrial Inc. · creditor: CRA - Tax - Praines HHBRP · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 30311.4 · debtor: Westward Industrial Inc. · creditor: EB Horsman & Son - MCL · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 5170.31 · debtor: Westward Industrial Inc. · creditor: KTS Solutions Ltd. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 29297.39 · debtor: Westward Industrial Inc. · creditor: Magna IV Engineering · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 3279.15 · debtor: Westward Industrial Inc. · creditor: Panelflex Ltd. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 997.49 · debtor: Westward Industrial Inc. · creditor: PROCON Systems (2013) INC. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 144136 · debtor: Westward Industrial Inc. · creditor: PTW Control Solutions Ltd. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 5729.58 · debtor: Westward Industrial Inc. · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (4516070013992807) · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 12159.41 · debtor: Westward Industrial Inc. · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (4516070014146171) · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 30535.64 · debtor: Westward Industrial Inc. · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (4516070014162947) · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 4832.23 · debtor: Westward Industrial Inc. · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (4516070014163697) · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 3352.04 · debtor: Westward Industrial Inc. · creditor: Sentag Modular Manufacturing Inc. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 61097.56 · debtor: Westward Industrial Inc. · creditor: Spartan Controls Ltd. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 26750 · debtor: Westward Industrial Inc. · creditor: Tundra Process Solutions Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 14070 · debtor: Westward Industrial Inc. · creditor: Tyco Integrated Fire & Safety · currency: CAD
- unsecured creditorsnote: Regulatory/statutory claim · page: 3 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 1 · debtor: Westward Industrial Inc. · creditor: WCB Workers Compensation Board of Alberta · currency: CAD
- unsecured creditorsnote: Related company name suggests possible related-party claim, not stated as such in document · page: 3 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 212000 · debtor: Westward Industrial Inc. · creditor: Westward Electric Site Services Ltd. · currency: CAD
- unsecured creditorsnote: Related company name (parent/holding entity) suggests possible related-party claim, not stated as such in document · page: 3 · as of: 2022-10-13 · basis: Statement of Affairs List A as stated and estimated by the officer · amount: 1644000 · debtor: Westward Industrial Inc. · creditor: Westward Group Holdings Ltd. · currency: CAD
- secured creditorsnote: Estimated value of security $1.00 plus $59,502.75 surplus; balance of claim $0.00 as stated in List B · page: 4 · as of: 2022-10-13 · amount: 1 · debtor: Westward Industrial Inc. · creditor: RBC Royal Bank / Banque Royale · currency: CAD · security: Debts Due - Business - A/R - Various Customers; Cash on Hand - Cash in Bank - RBC Royal Bank