1501068 B.C. Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3139623
1501068 B.C. Ltd., the residual company in the QRD (Willoughby) group, has been in bankruptcy under the BIA since October 10, 2024, with MNP Ltd. as trustee and the proceeding before the Supreme Court of British Columbia. On the trustee's preliminary evaluation, the company's only asset is an intercompany receivable of $6,026,626.15 due from QRD (Willoughby) Limited Partnership, from which the trustee estimates no recovery is available. Claims vested in the company include estimated secured claims of $10,500,000 by Overland Capital Canada Inc., $7,550,000 by Canadian Mortgage Servicing Corporation, $4,500,000 by WUBS Investments Ltd. and $2,820,000 by Steelcrest Construction Inc., each asserting a potential security interest in assets sold in the RVO Transaction, alongside nominal $1 claims by L2 Exterior Ltd. and P & J Concrete Plumbing Ltd. The trustee's October 29, 2024 report to creditors puts unsecured claims at approximately $440,244.36.
Certificate of Appointment was filed. Court file 11-3139623.
Source: Certificate of Appointment
Debtor
1501068 B.C. Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Overland Capital Canada Inc. · in 2 casesas of estimated claim, undated — Potential security interest in assets sold in RVO Transaction — Listed under 'Secured Creditors and Priority Creditors' table; amount labelled estimated claim — debtor: QRD (Willoughby) Holdings Inc. et al. / vested in 1501068 B.C. Ltd. | $10.5M | Trustee's Preliminary Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
6 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditor's package - Notice of First Meeting of Creditors
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1501068 B.C. Ltd.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/1501068-bc-ltd