Alberta · Bankruptcy

Creditor's Package dated December 22, 2023

Meeting materials · 22 December 2023

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appointeeGrant Thornton Limited
appointee roletrustee
commencement date22 December 2023
court file no25-3025210
proceeding typebia_bankruptcy
provinceAlberta
statutory basisSubsection 102(1) of the Act
statutory basisSubsection 102(1) of the Act
financial positionnote: Total liabilities of 919,481.22 comprises unsecured creditors 414,481.22, balance of secured claims 479,103.00 (per list B), preferred creditors 0.00, and contingent/trust/other liabilities 0.00; total assets 25,897.00 mainly cash (8,647.00), machinery/equipment (1,500.00) and furniture (750.00); deficiency stated as 893,584.22 (with an alternate figure of 883,584.22 also appearing on the form, image-quality OCR ambiguity noted); secured creditors total on this form (25,897.00, matching total assets) differs from the 479,103.00 'balance of secured claims' figure also shown - both are as stated in the source document · page: 2 · as at: 2023-12-08 · basis: Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · scope: Entity - Asset Canada Inc. · currency: CAD · total assets: 25897 · total liabilities: 919481.22
unsecured creditorsnote: Statement of Affairs lists total unsecured creditors of 414,481.22 (List 'A'); a separate 'Total unsecured creditors' figure of 93,504.29 also appears on the form but its relation to this total is unclear from the document; itemized creditor list on page 3 sums to 919,471.40 per company records including Royal Bank of Canada, which appears secured elsewhere in Statement of Affairs (balance of secured claims 479,103.00) - reported components are inconsistent in the source document · page: 2 · as of: 2023-12-08 · basis: Statement of Affairs as stated and estimated by the officer · amount: 414481.22 · debtor: Asset Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 7453.48 · debtor: Asset Canada Inc. · creditor: DIRECT DIAL · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 418.1 · debtor: Asset Canada Inc. · creditor: DOCUMENT DIRECTION · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 1202.12 · debtor: Asset Canada Inc. · creditor: ELECTRONIC RECYCLING ASSOCIATION · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 7012.77 · debtor: Asset Canada Inc. · creditor: ENCOMPASS PARTS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 3667.35 · debtor: Asset Canada Inc. · creditor: FEDEX · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 9569.8 · debtor: Asset Canada Inc. · creditor: GRAHAM CONSTRUCTION RESOURCES LP · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 2146.33 · debtor: Asset Canada Inc. · creditor: HP INC · currency: CAD
unsecured creditorsnote: Individual creditor, possibly related party or employee · page: 3 · basis: Creditor listing (amount per company records) · amount: 51200 · debtor: Asset Canada Inc. · creditor: IAN MACDONALD · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 608.11 · debtor: Asset Canada Inc. · creditor: IQ RESELLER · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 2401.25 · debtor: Asset Canada Inc. · creditor: KM PARTS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 7071.75 · debtor: Asset Canada Inc. · creditor: LAST MILE LOGISTICS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 9274.32 · debtor: Asset Canada Inc. · creditor: MFP TECHNOLOGY SERVICES · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 966.22 · debtor: Asset Canada Inc. · creditor: MSP DATA SYSTEMS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 370.33 · debtor: Asset Canada Inc. · creditor: P1 IN MOTION INC · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 777.03 · debtor: Asset Canada Inc. · creditor: PARAGON COMMUNICATIONS INC · currency: CAD
unsecured creditorsnote: Individual creditors; Patrick Ryan appears elsewhere in the document as an officer/deponent of the bankrupt, suggesting related party · page: 3 · basis: Creditor listing (amount per company records) · amount: 149000 · debtor: Asset Canada Inc. · creditor: PATRICK AND MURIEL RYAN · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 3031.63 · debtor: Asset Canada Inc. · creditor: PUROLATOR TORONTO · currency: CAD
unsecured creditorsnote: Listed here as unsecured on creditor list, but Statement of Affairs (page 2) separately shows 'Balance of secured claims as per list B' of 479,103.00 and secured creditors total of 25,897.00; unclear if RBC is the secured creditor referenced there - classification inconsistent in source · page: 3 · basis: Creditor listing (amount per company records) · amount: 505000 · debtor: Asset Canada Inc. · creditor: ROYAL BANK OF CANADA · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 1705.75 · debtor: Asset Canada Inc. · creditor: TREMAR COMPUTER SOLUTIONS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 10338.11 · debtor: Asset Canada Inc. · creditor: WORLD DATA · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 2225 · debtor: Asset Canada Inc. · creditor: STAPLES · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 1756.76 · debtor: Asset Canada Inc. · creditor: A-ALERT COURIER SERVICE · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 898.65 · debtor: Asset Canada Inc. · creditor: ALTA TECHNOLOGIES · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 627.65 · debtor: Asset Canada Inc. · creditor: BELL PHONES · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 10762.5 · debtor: Asset Canada Inc. · creditor: CALGARY AIRPORT AUTHORITY · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 13462.82 · debtor: Asset Canada Inc. · creditor: COMPUGEN INC · currency: CAD
unsecured creditorsnote: Individual creditors, possibly related parties · page: 3 · basis: Creditor listing (amount per company records) · amount: 91000 · debtor: Asset Canada Inc. · creditor: CONNIE AND MARK KOSTASH · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 2500 · debtor: Asset Canada Inc. · creditor: CZECHOWSKY GRAHAM · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 6378.38 · debtor: Asset Canada Inc. · creditor: DATA CAPTURE SOLUTIONS · currency: CAD
unsecured creditorspage: 3 · basis: Creditor listing (amount per company records) · amount: 16645.19 · debtor: Asset Canada Inc. · creditor: DELL CANADA · currency: CAD