Alberta · Receivership (court-appointed)

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 9 November 2023

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 filing1 verified

financial positionnote: Total assets of 2,700,000.00 consist entirely of real property (list G); inventory, receivables, cash, deposits, machinery, vehicles and other property are all stated as 0.00. Liabilities: unsecured creditors list A 40.00, balance of secured claims 2,532,274.00 (total unsecured 2,532,314.00), secured creditors 2,700,000.00, preferred 0.00, contingent/trust 0.00. Stated deficiency 2,532,314.00; surplus NIL. Bankruptcy followed a Nov 3, 2023 Court of King's Bench application authorizing the Receiver to file an assignment in bankruptcy. · as at: 2023-11-03 · basis: Statement of Affairs (Form 78) "as stated and estimated by the officer"; completed as showing the state of affairs on the date of the bankruptcy · scope: Westmount Projects Inc. (single entity, the bankrupt) · currency: CAD · total assets: 2700000 · total liabilities: 5232314