Alberta · NOI
Trustee's Preliminary Report
Court officer report · 17 April 2026
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What we verified from this filing9 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleTrustee
- commencement date19 March 2026
- statutory basisSection 50 of the Bankruptcy and Insolvency Act
- financial positionnote: Document itemizes liabilities as (i) CRA deemed trust claim of $610,247.26 (priority, first charge on all assets), and (ii) unsecured creditors totaling $19,717.10; no consolidated total liabilities figure is stated, so it is not computed here per reporting rules. The Trustee states there are 'no security interests registered' against the Company (PPSA search), i.e., no registered secured creditors beyond the statutory CRA deemed trust. · page: 2 · as at: 2026-04-20 · basis: Trustee's Report on Preliminary Administration — Financial Position statement (book values, all assets noted as 'encumbered CRA') · scope: Single entity: The Imagination Tree Childcare Centre Inc. · currency: CAD · total assets: 117026.64
- secured creditorsnote: Deemed trust claim (quasi-governmental, priority class) ranking ahead of all other creditors. Prior prose estimate in Proposal summary was $610,247.46 (100% of CRA's 'current claim' at filing) — the exact proof-of-claim figure of $610,247.26 is used as the amount. Separately, the Trustee's PPSA search 'notes there are no security interests registered' against the Company — i.e., no conventional registered secured creditors exist. · page: 2 · as of: proof of claim filed (subsequent to NOI filing) · amount: 610247.26 · debtor: The Imagination Tree Childcare Centre Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Statutory deemed trust / first charge on all assets pursuant to s.60(1.1) BIA (not a registered PPSA security interest)
- unsecured creditorsnote: Unsecured residual of CRA's claim, distinct from CRA's deemed trust claim under s.60(1.1) BIA reported separately as a secured/priority claim. · page: 2 · basis: Trustee's Financial Position statement, as reported · amount: 1017.1 · debtor: The Imagination Tree Childcare Centre Inc. · creditor: Canada Revenue Agency (unsecured portion, RP account) · currency: CAD
- unsecured creditorsnote: Landlord rent-arrears claim; potential additional claim under s.136(f) BIA capped at realization from assets on the leased premises and contingent on/subordinate to the CRA deemed trust claim. · page: 2 · basis: Trustee's Financial Position statement, as reported · amount: 18700 · debtor: The Imagination Tree Childcare Centre Inc. · creditor: Cantana Investments Limited c/o Hart Browning Management · currency: CAD
- recovery outcomeentries: basis: plan · quote: Lump sum payment of $610,247.46, being 100% of CRA's current claim pursuant to s.60(1.1)), or such other amount proven by CRA, directly to CRA (' CRA Property Payment ') within 6 months of Court approval of this Proposal, unless his Majesty consents in writing to a longer period · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: deemed_trust · stated by: trustee · amount low: 610247.46 · amount high: 610247.46 · class label: CRA (deemed trust claim, s.60(1.1)) · creditor name: CRA · interim final: unstated · conditional on: unless his Majesty consents in writing to a longer period · claims qualifier: unstated; basis: plan · quote: It is estimated that proven unsecured creditors will receive 100% of their proven claim in the proposal, less the Levy of 5%. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-20 · table missing: