Alberta · Court officer
Creditor's Package
Meeting materials · 16 February 2018
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 filing12 verified
- appointeeBDO Canada Limited / BDO Canada Limitée
- appointee roletrustee
- commencement date14 February 2018
- court file no24-2345133
- provinceAlberta
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Liabilities: unsecured $1,374,586 + balance of secured claim $221,412 (total unsecured $1,595,998) + secured $19,410 + preferred $0 + contingent $0 = $1,615,408. Preferred creditors (List C) and contingent liabilities (List D) stated as nil. · page: 3 · as at: 2018-02-14 · basis: Form 78 Statement of Affairs, as stated and estimated by the officer, sworn 14 Feb 2018; assets are estimates 'to produce' (machinery/equipment $19,410; accounts receivable of $181,500 classed doubtful, estimated to produce $0) · scope: Alberta Peloton Association o/a Tour of Alberta (single entity); deficiency $1,595,998.00, surplus nil · currency: CAD · total assets: 19410 · total liabilities: 1615408
- unsecured creditorsnote: Itemised list of 80 creditors on pp. 4-7; total unsecured claims $1,374,586.00. Largest: The Westin $214,497; 3G $177,644; M31 Design Group Limited $155,686; NEP $92,025; Medalist Sports $68,571; World Triathlon Corporation $65,880; Mountain Park Lodge $55,150; Bennett Jones $42,588; Commercial Tents $41,681; Cowan $35,285. Includes ATB MasterCard Recoveries $4,980 and CRA entries ($17,383 'CPA' and $1.00 'CRA - Tax - Prairies'). A further $221,412 balance of claim (ATB) brings total unsecured to $1,595,998. · page: 3 · as of: 2018-02-14 · basis: Statement of Affairs, as stated and estimated by the officer (List A total unsecured claims) · amount: 1374586 · debtor: Alberta Peloton Association o/a Tour of Alberta · creditor: Unsecured creditors (as listed in List A) · currency: CAD
- unsecured creditorsnote: Included in 'Total unsecured creditors' of $1,595,998.00 on the Statement of Affairs. · page: 4 · as of: 2018-02-14 · basis: Statement of Affairs, officer's estimate: balance of secured claim after estimated security value of $19,410 · amount: 221412 · debtor: Alberta Peloton Association o/a Tour of Alberta · creditor: ATB Financial - Asset Management (balance of secured claim) · currency: CAD
- unsecured creditorsnote: Nominal placeholder amount of $1.00 as stated; listed as unsecured, not as deemed trust; no deemed-trust claim stated. Separate 'CPA' entry of $17,383 also listed in List A (nature not stated). · page: 5 · as of: 2018-02-14 · basis: List A, unsecured claim as reported · amount: 1 · debtor: Alberta Peloton Association o/a Tour of Alberta · creditor: CRA - Tax - Prairies (Pacific Insolvency Intake Centre) · currency: CAD
- secured creditorsnote: List B states total claim of $240,822.00; secured portion/balance of claim after estimated security value is $221,412.00 (treated as unsecured balance in the Statement of Affairs, shown also in List A item 10). Figures as stated and estimated by the officer. · page: 8 · as of: 2018-02-14 · amount: 221412 · debtor: Alberta Peloton Association o/a Tour of Alberta · creditor: ATB Financial - Asset Management · currency: CAD · security: Business assets - machinery/equipment (estimated value $19,410.00); debts due - business ($0.00)
- financial positionnote: Statement of Affairs shows Total unsecured creditors 1,595,998.00, Secured creditors 19,410.00, Preferred creditors 0.00, Contingent/trust claims 0.00; Deficiency stated as 1,595,998.00. · as at: 2018-02-14 · basis: as stated and estimated by the officer · scope: entity - Alberta Peloton Association o/a Tour of Alberta (the bankrupt) · currency: CAD · total assets: 19410 · total liabilities: 1615408