Alberta · Bankruptcy
Creditor's Package.pdf
Meeting materials · 26 July 2018
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What we verified from this filing16 verified
- appointeeGrant Thornton Limited
- appointee roletrustee
- commencement date18 July 2018
- provinceAlberta
- court file no24-115919
- statutory basisParagraph 57(b.1) of the Act
- financial positionnote: Deficiency stated as $1,055,104.70. Preferred creditors (List C) and contingent/trust claims (List D) both nil. No debts due to bankrupt (List E) or bills of exchange/promissory notes (List F) recorded. · page: 4 · as at: 2018-07-18 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer (Tony Naccarato) · scope: ADL Projects Ltd. (single entity) · currency: CAD · total assets: 2336910 · total liabilities: 3392014.7
- unsecured creditorspage: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: ADL Projects Ltd. · creditor: TDNACC Holdings Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 935 · debtor: ADL Projects Ltd. · creditor: Telus Communications - Corporate · currency: CAD
- unsecured creditorsnote: Listed as balance of secured claim carried to unsecured list (unsecured claim portion shown as $0.00, balance of claim $948,295.70). · page: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 948295.7 · debtor: ADL Projects Ltd. · creditor: ATB Financial - Asset Management · currency: CAD
- unsecured creditorspage: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: ADL Projects Ltd. · creditor: Business Development Bank of Canada - Vancouver · currency: CAD
- unsecured creditorsnote: Individual creditor; same surname as designated officer Tony Naccarato - possible related party. · page: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 150000 · debtor: ADL Projects Ltd. · creditor: Luigi Naccarato · currency: CAD
- unsecured creditorspage: 5 · as of: 2018-07-18 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: ADL Projects Ltd. · creditor: Scotiabank c/o BankruptcyHighway.com · currency: CAD
- secured creditorsnote: Two claims listed against same real property/collateral (List B claim nos. 1 and 2, combined amount of claim $3,222,301.70); balance of claim after applying estimated security value shown as $948,295.70 on claim no.2; claim no.1 shows no balance (fully secured, surplus not stated). Reported per Statement of Affairs List B. · page: 6 · as of: 2018-07-18 · amount: 948295.7 · debtor: ADL Projects Ltd. · creditor: ATB Financial - Asset Management · currency: CAD · security: Real Property/Building and Land - 7241 Girard Road, Edmonton (claim no.1, amount of claim $1,298,642.40 also secured against equipment items valued at $0.00) plus claim no.2 amount of claim $1,923,659.30 secured against equipment (mostly $0.00-$1,500 items) and same real property (estimated value of security $961,357.60)
- secured creditorsnote: See consolidated ATB entry above; this row duplicated in source as claim no.1 of List B, amount of claim $1,298,642.40, estimated value of security equals amount of claim ($1,298,642.40 real property component); no separate balance stated for this claim. · page: 6 · as of: 2018-07-18 · debtor: ADL Projects Ltd. · creditor: ATB Financial - Asset Management · currency: CAD · security: Equipment (2007 Genie scissorlift, 2008 Case skid steer, 2008 Skytrak forklift, 2009 JLG scissor lift, speader bar, Cat telehandler, miscellaneous inventory, four Seacans) - amount of claim $1,298,642.40 (list B claim no.1)
- secured creditorsnote: Fully secured; no balance of claim shown (surplus/deficiency nil). · page: 7 · as of: 2018-07-18 · debtor: ADL Projects Ltd. · creditor: Ford Credit Canada Limited · currency: CAD · security: Motor Vehicle - 2014 Ford F150 (VIN 1FTFW1ET5EFB22312), amount of claim $18,775.00, estimated value of security $18,775.00