Alberta · Bankruptcy
Trustee's First Report to Court
Court officer report · 11 May 2026
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 filing7 verified
- financial positionnote: As at the date of bankruptcy, the Company reported total liabilities of approximately $10,000,000 and estimated realizable assets of approximately $520,000. · basis: Statement of Affairs management estimate · scope: entity - Peace Country Logging Ltd. · currency: CAD · total assets: 520000 · total liabilities: 10000000
- operational summaryThe Company generally ceased operations in November 2023 and is no longer operating; the Trustee is now proceeding to liquidate the remaining assets through auction and related-party sales.
- purchaserJohn Zacharias; George Zacharias; price: sealed: false · scope: the Auction Assets · status: proposed · name note: end purchasers at online auction, unnamed · structure: auction · name source: operative · relationship: unstated
- report date11 May 2026
- report noFirst Report
- sale advisorG.D. Auctions & Appraisals Inc.
- sale outcometext: Trustee seeks court approval of the related party sales and the auction liquidation of remaining assets · scope: liquidation · status: pending_approval