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What we verified from this filing17 verified
- commencement date16 October 2025
- court file no25-3284403
- proceeding typebia_proposal
- provinceAlberta
- statutory basisSection 51 of the Act
- statutory basisBankruptcy and Insolvency Act
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleTrustee
- financial positionnote: Form 78 records a deficiency of $246,363.46 (liabilities exceed assets). The Proposal itself states: 'The Trustee is unaware of any secured creditors at the date of filing the Proposal.' · page: 7 · as at: 2025-10-09 · basis: Statement of Affairs (Form 78), sworn/declared by director Gilles Brassart as a full, true and complete statement of the affairs of the Corporation on the 9th day of October 2025 · scope: Cassis on the 17 INC. (single entity) · currency: CAD · total assets: 36890 · total liabilities: 283253.46
- unsecured creditorsnote: Unsecured corporate taxes claim (CRA) · page: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) as reported · amount: 112254.97 · debtor: Cassis on the 17 INC. · creditor: CRA - Tax - Pacific · currency: CAD
- unsecured creditorspage: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) / List of Creditors as reported by the debtor/Trustee · amount: 4994 · debtor: Cassis on the 17 INC. · creditor: City Fish · currency: CAD
- unsecured creditorsnote: Deemed-trust class claim (corporate taxes/source deductions per s.60(1.1)); proposal text (page 3) proposes to satisfy this via 36 monthly payments of $3,600 (approx. $129,600 in the proposal's rounded prose) with CRA entitled to file unsecured for any remaining balance · page: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) - listed under 'Contingent, trust claims or other liabilities' · amount: 129620.49 · debtor: Cassis on the 17 INC. · creditor: CRA - Tax - Pacific · currency: CAD
- unsecured creditorspage: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) / List of Creditors as reported · amount: 10000 · debtor: Cassis on the 17 INC. · creditor: Pre pak Meats · currency: CAD
- unsecured creditorspage: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) / List of Creditors as reported · amount: 26383 · debtor: Cassis on the 17 INC. · creditor: Richmond Hill Wines · currency: CAD
- unsecured creditorsnote: Class of unnamed gift card holders; below the $250 threshold used for the separate creditor-notice list, so this line appears only in the sworn Statement of Affairs · page: 9 · as of: 2025-10-09 · basis: Statement of Affairs (Form 78) as reported · amount: 1 · debtor: Cassis on the 17 INC. · creditor: Anonymous Gift Card Holders · currency: CAD
- recovery outcomeentries: basis: plan · quote: All obligations of Cassis to CRA, arising subsequent to the date of the filing of the Proposal for source deductions, GST and other amounts required to be withheld by the Debtor on behalf of CRA, shall be paid in full as they become due. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: CRA (post-filing obligations) · creditor name: CRA · interim final: unstated · related party: false · claims qualifier: unstated; basis: plan · quote: The claims of all preferred creditors if any, as accepted by the Trustee, shall be paid in full without interest or penalty, in priority of the claims of other creditors, to the extent provided for in section 136 of the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Claims of unsecured creditors, as accepted by the Trustee, shall be paid pro-rata from the remaining monies in the Fund after the payments referred to in paragraphs 3, 4 and 5 have been provided for. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · conditional on: Claims of unsecured creditors, as accepted by the Trustee, shall be paid pro-rata from the remaining monies in the Fund after the payments referred to in paragraphs 3, 4 and 5 have been provided for. · claims qualifier: unstated · stated on: 2025-10-16 · table missing:
- secured creditors