0774660 BC Ltd. and S. Patterson Trucking Ltd
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S172571
0774660 BC Ltd. and S. Patterson Trucking Ltd. remain in a court-appointed receivership under BIA s. 243 and provincial Judicature Act powers, with the Receiver having largely worked through the companies' equipment financing. Vehicles subject to lease and financing agreements held by Mercado Capital Corporation, CIT Financial Ltd., Daimler Truck Financial, National Leasing Group Inc., Bank of Montreal and Royal Bank of Canada were released for want of equity; RBC, the senior secured creditor in these proceedings, also advanced up to $50,000 in principal to the Receiver under a Receiver's Certificate. The Toronto-Dominion Bank is owed approximately $62,000 against an Alpine Trailer appraised at a liquidation value of about $12,500. The Receiver paid a $2,180.12 possessory repairer's lien to Nortech Welding & Fabricating Inc. to take possession of a vehicle, and is investigating CRA deemed trust claims for unremitted source deductions and GST/HST.
Debtor
0774660 BC Ltd. and S. Patterson Trucking Ltd
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank · in 111 casesas of date of receivership — PPR registration against an Alpine Trailer — Approximate amount owing; appraised liquidation value of trailer only ~$12,500; Receiver requested copy of security/financing agreement for review — debtor: 0774660 BC Ltd. | $62K | First report of the receiver dated june 1 2017 |
| 4 | Secured | Daimler Truck Financial · in 10 casesLease/financing agreement over vehicles — Payout balance provided to Receiver but not stated in document; assets released as no equity — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | Mercado Capital Corporation, Div. of Westminster Savings Credit Union · in 2 casesLease/financing agreement over vehicles — Payout balance provided to Receiver but not stated in document; assets released as no equity; also named respondent in style of cause — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | National Leasing Group Inc. · in 52 casesLease/financing agreement over vehicles — Payout balance provided to Receiver but not stated in document; assets released as no equity — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | Bank of Montreal · in 279 casesLease/financing agreement over vehicles — Payout balance provided to Receiver but not stated in document; assets released to BMO as no equity — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | Royal Bank of Canada · in 556 casesLease/financing agreement (RBC Lease) over vehicles; Receiver's Certificate borrowing up to $50,000 principal — Payout balance provided to Receiver but not stated in document; RBC described as senior secured creditor in these proceedings; also provided post-filing Receiver's Certificate financing of $50,000 (not a pre-filing balance) — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | CIT Financial Ltd. · in 14 casesLease/financing agreement over vehicles — Payout balance provided to Receiver but not stated in document; assets released as no equity — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 4 | Secured | Patterson Cattle Company Ltd.PPSA financing statement (2007) registered against 2007 Tremcar Quad Tank Trailer — Related party (appears controlled by Mr. Patterson's mother); Receiver not in possession of loan/security documentation and has not obtained legal opinion on validity/enforceability — debtor: 0774660 BC Ltd. | — | First report of the receiver dated june 1 2017 |
| 6 | Landlord preferred | Service Canada (Wage Earner Protection Program Act) · in 62 casesPreferred - statutory priority claim ranking ahead of all registered security interests in relation to Patterson Trucking's current assets; wage arrears owing to six employees — debtor: S. Patterson Trucking Ltd. | $10.2K | First report of the receiver dated june 1 2017 |
| 8 | Unsecured | WorkSafeBC · in 29 casesas of date of receivership — Additional unremitted assessments for Patterson Trucking (2016 to date of receivership) still being determined — debtor: 0774660 BC Ltd. | $5.07K | First report of the receiver dated june 1 2017 |
| 8 | Unsecured | Nortech Welding & Fabricating Inc.Lien was paid out by Receiver during administration; effectively secured by possession prior to payment — debtor: 0774660 BC Ltd. | $2.18K | First report of the receiver dated june 1 2017 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesDeemed trust class; amount unknown/being investigated by Receiver — debtor: 0774660 BC Ltd. / S. Patterson Trucking Ltd. | — | First report of the receiver dated june 1 2017 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
First report of the receiver dated june 1 2017
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “0774660 BC Ltd. and S. Patterson Trucking Ltd” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/0774660-bc-ltd-and-s-patterson-trucking-ltd