Alberta · Bankruptcy
Trustees Report on Preliminary Administration
Court officer report · 25 October 2023
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What we verified from this filing26 verified
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date5 October 2023
- court file noBKY #25-2994562
- proceeding typebia_bankruptcy
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- provinceAlberta
- secured creditorsnote: Statement of Affairs listed this claim at $31,000.00 (approximate book value of the vehicle); proof of claim filed and admitted at the higher, exact amount of $38,254.38. · page: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · amount: 38254.38 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Ford Credit Canada Limited · currency: CAD · security: Purchase money security interest (PMSI) in 2019 Ford F-150 per PPR review
- secured creditorsnote: Claim status 'Not proved'; no proof of claim filed and no security type specified in the register. · page: 3 · as of: Statement of Affairs · amount: 13694.16 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Westoba Credit Union Limited · currency: CAD
- secured creditorsnote: Claim status 'Not proved'; no proof of claim filed. Trustee's report (p.2) states RBC's actual proofs of claim were submitted as unsecured. · page: 3 · as of: Statement of Affairs · amount: 1 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (acct ...1633) · currency: CAD · security: Listed under 'Secured creditors' in Claims Register per Trustee's PPR review
- secured creditorsnote: Claim status 'Not proved'; no proof of claim filed. Trustee's report (p.2) states RBC's actual proofs of claim were submitted as unsecured despite RBC holding a general security agreement over all present and after-acquired personal property. · page: 3 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (acct ...8807) · currency: CAD · security: Listed under 'Secured creditors' in Claims Register per Trustee's PPR review; no SOA amount or amount filed shown
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 5077.23 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Square Canada INC · currency: CAD
- unsecured creditorspage: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · basis: Claims Register - proof of claim filed and admitted for dividend · amount: 5236.21 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (RBCBK1281353) · currency: CAD
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' (no proof of claim filed) · amount: 177546 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Business Development Bank of Canada - Calgary · currency: CAD
- unsecured creditorspage: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · basis: Claims Register - proof of claim filed and admitted for dividend · amount: 186583.83 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Business Development Bank of Canada - Vancouver · currency: CAD
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 11562.75 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Capital Ideas Ltd. · currency: CAD
- unsecured creditorsnote: Crown/tax claim - deemed trust class · page: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 3065.59 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorsnote: Distinct unsecured claim from the same creditor's secured PMSI claim listed separately in the secured creditors section. · page: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; proof of claim marked filed/admitted but no separate 'Amount Filed' figure shown for this line · amount: 7296.08 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Ford Credit Canada Limited · currency: CAD
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 5299.35 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: Homefield · currency: CAD
- unsecured creditorspage: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · basis: Claims Register - proof of claim filed and admitted for dividend · amount: 1281.09 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank c/o BankruptcyHighway.com (RBCBK1281352) · currency: CAD
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 5154.15 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (acct ...8807) · currency: CAD
- unsecured creditorspage: 3 · as of: Statement of Affairs · basis: Claims Register - Statement of Affairs amount as reported; claim status 'Not proved' · amount: 9244.1 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (acct ...1633) · currency: CAD
- unsecured creditorspage: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · basis: Claims Register - proof of claim filed and admitted for dividend, matching Statement of Affairs amount · amount: 40000 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (RBCBK1281354) · currency: CAD
- unsecured creditorspage: 3 · as of: claims register dated 2023-10-25 (proof of claim filed and admitted) · basis: Claims Register - proof of claim filed and admitted for dividend · amount: 9245.1 · debtor: 2224927 Alberta Inc. o/a Signature Fine Furniture · creditor: RBC Royal Bank Visa c/o BankruptcyHighway.com (RBCBK1281355) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: At the date of this report, it is difficult for the Trustee to estimate realizations for the ● creditors, however does not anticipate any distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-10-25 · table missing: