Alberta · Bankruptcy
Trustee's Preliminary Report
Court officer report · 16 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- financial positionnote: Secured creditors: document states "There are no secured creditors." Liabilities not stated in this report; it refers to the Debtor's Statement of Affairs for a summary of liabilities. "There are no proven claims as at the date of this report." Trustee expects no funds available to unsecured creditors. Asset items: Misc. Equipment $600.00; Misc. Inventory $1,050.00; Misc. Office Furniture $2,280.00; Intellectual Property $1.00; Cash in Bank (BMO) $1,048.17; Cash in Bank (Wise) $2,531.74; Canadian Border Services Agency credit on file $1,008.84. Third-party guarantee of $15,000.00 received by Trustee for its fees and expenses (not a debt of the bankrupt). Table total presented without an as-at date; report dated 2026-10-15. · page: 1 · as at: 2026-10-15 · basis: Assets as listed by the bankrupt per the Trustee's Preliminary Report ("The bankrupt has listed the following assets"); not verified by the Trustee. Total as stated in the document's asset table. · scope: Entity: 13887316 Canada Inc. o/a Orbital Sandblasting (single bankrupt estate) · currency: CAD · total assets: 8519.75
- financial positionnote: Asset total $8,519.75 as stated in the table: Miscellaneous Equipment $600.00; Miscellaneous Inventory $1,050.00; Miscellaneous Office Furniture $2,280.00; Intellectual Property $1.00; Cash in Bank (BMO) $1,048.17; Cash in Bank (Wise) $2,531.74; CBSA credit on file $1,008.84. No as-at date is stated for the asset listing. Liabilities total not stated; report says 'A summary of the Debtor's liabilities is noted on its Statement of Affairs. There are no proven claims as at the date of this report.' No secured creditors. · basis: Assets as listed by the bankrupt ("The bankrupt has listed the following assets"); liabilities are summarized on the Statement of Affairs, not stated in this report. · scope: 13887316 Canada Inc. o/a Orbital Sandblasting (single entity) · currency: CAD · total assets: 8519.75
- operational summaryOrbital has ceased operations (insufficient market demand and an uninsured product recall); the Director holds the physical assets pending an auction sale, and the Trustee intends to freeze bank accounts and seize cash in bank.
- report date15 October 2026
- report noTrustee's Preliminary Report
- secured creditors