Alberta · Bankruptcy
Trustee's Preliminary Report dated January 23, 2025
Court officer report · 23 January 2025
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What we verified from this filing12 verified
- court file no24-3173043
- provinceAlberta
- appointeeGrant Thornton Limited
- appointee roletrustee in bankruptcy
- commencement date10 January 2025
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- secured creditorsnote: Amount not stated in PPSA search · page: 4 · as of: 2024-12-12 · debtor: Alberta Rebar Inc. · creditor: Alberta Ironworkers Pension Fund · currency: CAD · security: PPSA registration on all present and after-acquired personal property, pursuant to Section 60(2) of the Employment Pension Plans Act
- secured creditorsnote: Amount not stated in PPSA search · page: 4 · as of: 2024-12-12 · debtor: Alberta Rebar Inc. · creditor: Workers' Compensation Board · currency: CAD · security: PPSA registration on all present and after-acquired personal property, pursuant to Section 129 of the Workers' Compensation Act
- secured creditorsnote: Trailer was returned to creditor prior to bankruptcy date; security effectively discharged/no collateral remains · page: 4 · as of: SOA date · amount: 2000 · debtor: Alberta Rebar Inc. · creditor: Boxx Modular · currency: CAD · security: PPSA registration re: leased trailer
- secured creditorsnote: Amount stated as approximate ('approximately $687,000') · page: 4 · as of: 2024-12-12 · amount: 687000 · debtor: Alberta Rebar Inc. · creditor: His Majesty the King in Right of Canada · currency: CAD · security: Federal writ of seizure and sale registered against personal property
- secured creditorsnote: Listed on SOA as creditor for $3 million; anticipated significant portion relates to payroll source deductions and may benefit from deemed trust (deemed trust class); not yet confirmed · page: 4 · as of: SOA date · amount: 3000000 · debtor: Alberta Rebar Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: As of the date of this Report, given the expected lack of realizations and the registered security interests and potential deemed trust claim listed above, the Trustee does not expect any distributions will be made available to ARI's ordinary unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors · interim final: unstated · conditional on: subject to the ongoing review into asset book values · claims qualifier: unstated · stated on: 2025-01-23 · table missing: