Alberta · Bankruptcy
Trustee's Report on Preliminary Administration dated February 12, 2026
Court officer report · 12 February 2026
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What we verified from this filing15 verified
- applicantRoyal Bank of Canada
- appointeeKSV Restructuring Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date19 January 2026
- court file no24-3325764
- provinceAlberta
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- financial positionnote: Only asset consists of accounts receivable with book value of approximately $6.61 million; Debtor owns no real property or other assets; leased assets returned to lessors prior to Filing Date; ultimate recovery uncertain · page: 3 · basis: Statement of Affairs sworn January 28, 2026 (unaudited, book value) · scope: Hill Plain Construction Services Limited Partnership (entity level) · currency: CAD · total assets: 6610000
- secured creditorsnote: Outstanding GST reported by CRA; not designated deemed trust in text (deemed trust applies to source deductions portion) · page: 4 · as of: 2026-02-09 · amount: 82168 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Canada Revenue Agency · currency: CAD · security: GST owing
- secured creditorsnote: Aggregate of six judgements; Trustee still obtaining information regarding registration · page: 4 · amount: 17580 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Government of Alberta (Employment Standards Collections Unit) · currency: CAD · security: Registered writs of enforcement (six judgements), Alberta Personal Property Registry
- secured creditorsnote: Judgement-based writ registration; Trustee still obtaining information regarding registration · page: 4 · amount: 251551 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Carvel Electric Ltd. · currency: CAD · security: Registered writ of enforcement, Alberta Personal Property Registry
- secured creditorsnote: Largest and senior secured creditor; proof of claim filed for $1,085,520, security valued at $814,400 resulting in remaining unsecured claim of $271,380 (also listed in unsecured); Third-Party Guarantee dated Dec 15, 2025 in favour of Trustee for fees/costs · page: 4 · as of: 2025-12-22 · amount: 1085520 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (secured proof of claim values security at $814,400)
- secured creditorsnote: Deemed trust claim (source deductions); CRA may conduct trust examination later to confirm amounts owing · page: 4 · as of: 2026-02-09 · amount: 865290 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Canada Revenue Agency · currency: CAD · security: Statutory deemed trust claim
- unsecured creditorsnote: Remaining unsecured portion after RBC's secured claim of $1,085,520 valued against security of $814,400 · page: 4 · as of: 2025-12-22 · basis: Secured proof of claim bifurcated per security valuation · amount: 271380 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Royal Bank of Canada · currency: CAD
- unsecured creditorsnote: Approximate figure from Debtor's records; formal claims process ongoing and amounts subject to change; document names no individual creditors · page: 5 · as of: Statement of Affairs sworn January 28, 2026 · basis: Statement of Affairs as reported · amount: 3150000 · debtor: Hill Plain Construction Services Limited Partnership · creditor: Unsecured creditors (aggregate as reported) · currency: CAD