Alberta · Receivership (court-appointed)
Trustee's Notice to Creditors dated June 10, 2021
Notice to creditors · 10 June 2021
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 filing56 verified
- secured creditorsnote: Priority secured creditor; letter states shortfall to RJ Enterprises estimated to total in excess of $2.5 million (a shortfall figure, not a claim balance); prose approximation only, dividend sheet does not itemize RJ Enterprises as a claim on this page. · page: 1 · as of: letter date (June 10, 2021 estimate) · debtor: Option Industries Inc. · creditor: RJ Enterprises Inc. · currency: CAD
- financial positionnote: Document states proved claims of secured creditors totaling $21,676,174.67 and unsecured creditors totaling $1,450,508.34 (per Form 12, page 3); these are aggregate proved claim totals, not a balance sheet of assets vs liabilities. Amount available for distribution was $0.00; no distribution was made to any creditor class. · page: 3 · as at: 2021-02-19 · basis: Proved claims as stated in Trustee's Final Statement of Receipts and Disbursements (Form 12) · scope: Option Industries Inc. estate only · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 620.34 · debtor: Option Industries Inc. · creditor: UPS Canada · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 71440.09 · debtor: Option Industries Inc. · creditor: Artie Kos · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 561.54 · debtor: Option Industries Inc. · creditor: John Richard Cooper · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 224521.02 · debtor: Option Industries Inc. · creditor: KPMG LLP · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 9166.15 · debtor: Option Industries Inc. · creditor: Kristin Lavoie · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 373.14 · debtor: Option Industries Inc. · creditor: Logan Severin · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 46376.84 · debtor: Option Industries Inc. · creditor: Norcan Fluid Power Ltd. · currency: CAD
- unsecured creditorsnote: Related party name similarity to debtor suggests possible affiliate; not confirmed by document · page: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 103843.32 · debtor: Option Industries Inc. · creditor: Option Technologies Corp · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 3452.28 · debtor: Option Industries Inc. · creditor: Peter Sass · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 704 · debtor: Option Industries Inc. · creditor: Rachel Nadeau · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 14746.98 · debtor: Option Industries Inc. · creditor: Ron Bergen · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 8516.66 · debtor: Option Industries Inc. · creditor: Ron Olsen · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 1944.08 · debtor: Option Industries Inc. · creditor: SGS Canada Inc. · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 9796.47 · debtor: Option Industries Inc. · creditor: Steven Belanger · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 2539.45 · debtor: Option Industries Inc. · creditor: Suncor Energy Products Partnership · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 6318.08 · debtor: Option Industries Inc. · creditor: Thomas McLean · currency: CAD
- unsecured creditorsnote: Municipal taxes claimant; not explicitly stated as preferred in document · page: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 1556.44 · debtor: Option Industries Inc. · creditor: Town of Drayton Valley · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 755.23 · debtor: Option Industries Inc. · creditor: Vanguard Steel Ltd. · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 3840 · debtor: Option Industries Inc. · creditor: Victor Mendoza · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 592.62 · debtor: Option Industries Inc. · creditor: Vipond Inc · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 5527.09 · debtor: Option Industries Inc. · creditor: Worker's Compensation Board · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 15989.92 · debtor: Option Industries Inc. · creditor: Xtreme Shuttle · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 2563.47 · debtor: Option Industries Inc. · creditor: Zimco Gauge & Valve · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 6535.12 · debtor: Option Industries Inc. · creditor: Bobbi Battams · currency: CAD
- unsecured creditorsnote: Unsecured portion of CRA claim; deemed trust class not distinguished in this listing · page: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 757270.13 · debtor: Option Industries Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 15550 · debtor: Option Industries Inc. · creditor: Corina Paliwoda · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 19766.75 · debtor: Option Industries Inc. · creditor: Courtali Investment Ltd. · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 2307.55 · debtor: Option Industries Inc. · creditor: Darren Larsen · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 4035.34 · debtor: Option Industries Inc. · creditor: Derek Eshpeter · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 30178.64 · debtor: Option Industries Inc. · creditor: Divestlink Advisory Partners · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 812.7 · debtor: Option Industries Inc. · creditor: Dunn Right Communications · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 68506.9 · debtor: Option Industries Inc. · creditor: Finning Canada · currency: CAD
- unsecured creditorspage: 6 · as of: 2021-02-19 · basis: Dividend Sheet claim amount as declared · amount: 8800 · debtor: Option Industries Inc. · creditor: Geoff Newberry · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Bobbi Battams · currency: CAD
- secured creditorsnote: Listed as secured creditor on dividend sheet · page: 7 · as of: 2021-02-19 · amount: 975554.11 · debtor: Option Industries Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 168186.01 · debtor: Option Industries Inc. · creditor: Central Alberta Rentals Ltd. · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Corina Paliwoda · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Darren Larsen · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Derek Eshpeter · currency: CAD
- secured creditorsnote: First of two separate Ford Credit Canada Company entries on dividend sheet · page: 7 · as of: 2021-02-19 · amount: 16603.39 · debtor: Option Industries Inc. · creditor: Ford Credit Canada Company · currency: CAD · security: PPSA equipment financing (implied)
- secured creditorsnote: Second of two separate Ford Credit Canada Company entries on dividend sheet · page: 7 · as of: 2021-02-19 · amount: 19969.18 · debtor: Option Industries Inc. · creditor: Ford Credit Canada Company · currency: CAD · security: PPSA equipment financing (implied)
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 12349.07 · debtor: Option Industries Inc. · creditor: Ford Credit Canada Limited · currency: CAD · security: PPSA equipment financing (implied)
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Geoff Newberry · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: John Richard Cooper · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Kristin Lavoie · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Peter Sass · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 1056 · debtor: Option Industries Inc. · creditor: Rachel Nadeau · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 16158.4 · debtor: Option Industries Inc. · creditor: RCAP Leasing Inc. · currency: CAD · security: PPSA equipment financing (implied)
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Ron Bergen · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Ron Olsen · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Steven Belanger · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 2000 · debtor: Option Industries Inc. · creditor: Thomas McLean · currency: CAD
- secured creditorsnote: Second ranking secured creditor per dividend sheet claim amount (Feb 19, 2021); letter describes it as 'claims it is owed in excess of $20 million' (prose approximation); no distribution received - shortfall to first ranking secured creditor. · page: 7 · as of: 2021-02-19 · amount: 20441662.49 · debtor: Option Industries Inc. · creditor: KOS Corp Investments Ltd. · currency: CAD
- secured creditorspage: 7 · as of: 2021-02-19 · amount: 636.02 · debtor: Option Industries Inc. · creditor: Victor Mendoza · currency: CAD