Alberta · Interim receivership
Trustee's Report to Creditors
Court officer report · 12 February 2026
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What we verified from this filing6 verified
- financial positionnote: Balance sheet also shows figures as at April 30, 2025 (assets 6,230,000; liabilities 3,400,000; equity 2,830,000, in CAD). Figures are in $000's per table header. Shareholder's equity of 2,346,000 reported separately; no stub-period financials prepared after the bankruptcy date of January 22, 2026. · as at: 2026-01-14 · basis: Retrieved from the Company's limited books and records; not reviewed by an independent, external accountant · scope: Entity-level – Allstar Trenching & Excavating Inc. only · currency: CAD · total assets: 4508000 · total liabilities: 2162000
- operational summaryThe Company ceased operations in 2025 and its assets are now under the control of the Receiver, who is realizing on the Company's heavy equipment, vehicles, accounts receivable and cash through a public auction process, with no recovery expected for unsecured creditors.
- recovery outcomeentries: basis: estimated · quote: Based on preliminary discussions with GDAA and a review of the Company's asset listing as at the date of the Receivership, the Receiver expects Servus will suffer a shortfall on their secured loan. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Servus Credit Union · creditor name: Servus Credit Union · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee estimates there will be no recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 3336951 · interim final: unstated · claims qualifier: estimated · stated on: 2026-02-12 · table missing:
- report date12 February 2026
- sale advisorGD Auctions & Appraisals Inc.
- sale outcometext: the Receiver has engaged GD Auctions & Appraisals Inc. to market and sell the Company's capital assets by way of public auction · scope: liquidation · status: liquidation_in_progress