Alberta · Bankruptcy
Notice of Bankruptcy and Creditor Package
Notice to creditors · 23 June 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing22 verified · 4 withheld
- court file no24-3387141
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- financial positionnote: Deficiency of $7,397,631.23 stated on face of Statement of Affairs; separately, 1267036 Alberta Ltd. (formerly UTV Canada Inc.) Trustee's Preliminary Report (p.10) lists only partial assets of $20,139.26 (GST refund and accounts receivable) with no total liabilities figure stated in these pages. · page: 4 · as at: 2026-06-16 · basis: Statement of Affairs (Form 78) as stated and estimated by bankrupt/debtor · scope: Entity-level: Mountain Sports Distribution Inc. · currency: CAD · total assets: 107185 · total liabilities: 7504816.23
- secured creditorsnote: Claim bifurcated: total claim of $7,190,916.52 split as $107,185.00 secured (per Statement of Affairs) and $7,083,731.52 unsecured (see unsecured creditors list); estimated deficiency from security -$7,083,731.52 · page: 6 · as of: 2026-06-16 · amount: 107185 · debtor: Mountain Sports Distribution Inc. · creditor: ATB Financial - Asset Management · currency: CAD · security: Bank loans (except real property mortgage) secured by listed assets (cash, tax refunds, accounts receivable); date given/incurred 23-Jan-2023
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 65459.34 · debtor: Mountain Sports Distribution Inc. · creditor: Bryan & Company LLP · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 80168.18 · debtor: Mountain Sports Distribution Inc. · creditor: Deloitte LLP · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 37.27 · debtor: Mountain Sports Distribution Inc. · creditor: Fox Factory Inc. · currency: CAD
- unsecured creditorsnote: Bifurcated portion of claim exceeding realizable security value; total claim $7,190,916.52, of which $107,185.00 is secured (see secured creditors) · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 7083731.52 · debtor: Mountain Sports Distribution Inc. · creditor: ATB Financial - Asset Management · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1 · debtor: Mountain Sports Distribution Inc. · creditor: 509 USD · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 5985 · debtor: Mountain Sports Distribution Inc. · creditor: Bennett Jones LLP · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 169.5 · debtor: Mountain Sports Distribution Inc. · creditor: Black Diamond · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 6 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 18031.15 · debtor: Mountain Sports Distribution Inc. · creditor: Borden Ladner Gervais LLP · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 1521.54 · debtor: Mountain Sports Distribution Inc. · creditor: Peak Design Products · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3415.37 · debtor: Mountain Sports Distribution Inc. · creditor: Garmin USA · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 39606 · debtor: Mountain Sports Distribution Inc. · creditor: KV Capital Inc. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 3857.77 · debtor: Mountain Sports Distribution Inc. · creditor: Nikwax North America · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 65732.58 · debtor: Mountain Sports Distribution Inc. · creditor: Pit Viper · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 286.48 · debtor: Mountain Sports Distribution Inc. · creditor: Qingdao Poi Sport Co. Ltd. · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 2958.15 · debtor: Mountain Sports Distribution Inc. · creditor: Terra Communications Limited · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 7 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 80 · debtor: Mountain Sports Distribution Inc. · creditor: Town of Golden · currency: CAD
- unsecured creditorsnote: Accounts payable · page: 8 · as of: 2026-06-16 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor · amount: 26590.38 · debtor: Mountain Sports Distribution Inc. · creditor: Western Power Sports (FLY) · currency: CAD
- secured creditorsnote: Statement of Affairs lists ATB Financial as sole secured creditor; claim not filed as at this date, so Trustee has not undertaken a review of the security and amount is unstated · page: 10 · as of: 2026-06-18 · debtor: 1267036 Alberta Ltd. (formerly UTV Canada Inc.) · creditor: ATB Financial · currency: CAD · security: General Security Agreement listed on PPSA report
4 extracted values are 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.