Alberta · Bankruptcy
Trustee's Report to Creditors
Court officer report · 3 September 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- financial positionnote: Balance sheet shows shareholders' deficiency of $2,958,836 offsetting retained earnings; Trustee has requested additional financial information and considers the Investment ($1,259,146) to be improperly recorded/non-existent per management, and accounts receivable ($2,805,155) to be largely doubtful · page: 3 · as at: 2025-07-31 · basis: management prepared, unaudited financial statements included in Affidavit of Krishna sworn August 12, 2025; Trustee has concerns over accuracy and validity of the financial information · scope: entity - A.S.K. Courier Express Corp. · currency: CAD · total assets: 6104822 · total liabilities: 3145986
- secured creditorsnote: Deemed trust (payroll source deductions) claim with priority over other claims; amount is per Company's books and records only - CRA has not filed a proof of claim as at date of report · page: 5 · as of: date of bankruptcy (per Company's books and records) · amount: 1168378 · debtor: A.S.K. Courier Express Corp. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed Trust - all present and after-acquired property
- secured creditorsnote: Aggregated per Table 3 listing of secured creditors registered against specific serial-numbered equipment; no amounts stated. Individual registrants: Meridian Onecap Credit Corp., CWB National Leasing Inc., Ryder Truck Rental Canada Ltd., Mitsubishi HC Capital Canada Leasing, Inc., Workers' Compensation Board, Connect First and Servus Credit Union Ltd., 4Refuel Canada LP, J&JM Trucking Inc., Royal Bank of Canada, McCarthy, Partick, Kelly, Business Development Bank of Canada, Ontap Capital Corp., Bizfund Canada, Cadx Group Ltd., Thunder 5 Corporation, Penske Truck Leasing Canada Inc., West Wing Financial Ltd., 2313833 Ontario Inc., First Corporate Solutions (as representative) · page: 5 · debtor: A.S.K. Courier Express Corp. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Secured - specific serial numbered equipment (PPSA registrations, AB & BC)
- recovery outcomeentries: basis: estimated · quote: Based on the expected CRA property claim and claims of secured creditors, we estimate there will be no recovery to 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: 2025-09-03 · table missing: