Alberta · Bankruptcy

Notice of Bankruptcy and First meeting of Creditors

Notice to creditors · 10 April 2017

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing31 verified

financial positionnote: Total unsecured creditors $945,653.48; secured claims $7.00; preferred creditors $0.00; contingent/other liabilities (CRA deemed trust) $731,000.00; reported deficiency $1,440,354.48 · page: 4 · as at: 2017-04-05 · basis: Statement of Affairs (Business Bankruptcy), Form 78, as stated and estimated by the officer · scope: Drill Rite Systems Inc. (entity level) · currency: CAD · total assets: 236306 · total liabilities: 1676660.48
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 577.5 · debtor: Drill Rite Systems Inc. · creditor: EPCOR Energy Services Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 92346 · debtor: Drill Rite Systems Inc. · creditor: CRA - Canada Revenue Agency - Tax - Prairie RT · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 18458.12 · debtor: Drill Rite Systems Inc. · creditor: Dentons Canada LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 4358.91 · debtor: Drill Rite Systems Inc. · creditor: Double Tree Hotel · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 3832.31 · debtor: Drill Rite Systems Inc. · creditor: Enercare Connections · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 8974.16 · debtor: Drill Rite Systems Inc. · creditor: Fraser Collection Services Limited · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 2679 · debtor: Drill Rite Systems Inc. · creditor: Hydro Flo · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 7913.52 · debtor: Drill Rite Systems Inc. · creditor: Law Offices of Cass Litman · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 8778.72 · debtor: Drill Rite Systems Inc. · creditor: M J Duval Transport Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 2330.49 · debtor: Drill Rite Systems Inc. · creditor: Metropolitan Credit Adjusters Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 6274.15 · debtor: Drill Rite Systems Inc. · creditor: National Recovery Corp. · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 4724.17 · debtor: Drill Rite Systems Inc. · creditor: Oxypro · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: Alberta Finance and Enterprise · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: Alberta Justice - Maintenance Enforcement Program · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 2854.38 · debtor: Drill Rite Systems Inc. · creditor: Armand Plamondon · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 1916.25 · debtor: Drill Rite Systems Inc. · creditor: Bushell Transport · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 35282.69 · debtor: Drill Rite Systems Inc. · creditor: CIBC Visa - Bankruptcies c/o TECHCOM Managed Services · currency: CAD
unsecured creditorspage: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 315.79 · debtor: Drill Rite Systems Inc. · creditor: Cliffs Towing · currency: CAD
unsecured creditorsnote: CRA claim; unsecured per Statement of Affairs (see also separate deemed trust claim on List D) · page: 5 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 677000 · debtor: Drill Rite Systems Inc. · creditor: CRA - Canada Revenue Agency - Tax - Prairie RC · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 1963.5 · debtor: Drill Rite Systems Inc. · creditor: Superior Truck Equipment Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 141.28 · debtor: Drill Rite Systems Inc. · creditor: Telus Communications - Corporate · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 62433.67 · debtor: Drill Rite Systems Inc. · creditor: The Pipe Yard Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 2009.6 · debtor: Drill Rite Systems Inc. · creditor: XOOM Energy ULC · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: Rohit Communities Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2017-04-05 · basis: Statement of Affairs List A as reported · amount: 486.27 · debtor: Drill Rite Systems Inc. · creditor: Shaw Communications Inc. - Calgary · currency: CAD
secured creditorsnote: Two listings of $1.00 each (items 5,6) combined as reported per creditor · page: 7 · as of: 2017-04-05 · amount: 2 · debtor: Drill Rite Systems Inc. · creditor: Koch Ford Lincoln Sales (2003) Ltd. · currency: CAD · security: Motor Vehicles - Automobile - 2016 Ford F350 and 2016 Lincoln Continental
secured creditorsnote: Amount of claim stated as $1.00 (nominal); estimated surplus from security reported as $236,299.00 · page: 7 · as of: 2017-04-05 · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: Westcore Holdings Ltd. · currency: CAD · security: Blanket security over multiple business assets, machinery, vehicles and accounts receivable (itemized list of ~20 assets, estimated surplus $236,299.00 in aggregate)
secured creditorsnote: Three separate listings of $1.00 each for John Deere Credit Inc. securing separate skid steer loaders (items 2,3,4); treated as one entry per creditor per rule 5 · page: 7 · as of: 2017-04-05 · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: John Deere Credit Inc. · currency: CAD · security: Business Assets - Machinery - 2012 John Deere 326D Skid Steer Loader
secured creditorsnote: Estimated value of security $1.00 · page: 7 · as of: 2017-04-05 · amount: 1 · debtor: Drill Rite Systems Inc. · creditor: Ford Credit Canada Limited · currency: CAD · security: Motor Vehicles - Automobile - 2016 Ford F150
unsecured creditorsnote: Deemed trust claim; amount expected to rank for dividend shown as $0.00 · page: 10 · as of: 2017-04-05 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 731000 · debtor: Drill Rite Systems Inc. · creditor: CRA - Winnipeg Tax Services Office RP · currency: CAD