365 Productions Inc.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 11-2196029
365 Productions Inc., the amalgamated entity comprising 365 Installations Inc. and 365 Productions Inc., is in bankruptcy under the BIA, with a trustee administering the estate. Its Statement of Affairs reports assets of $953,754 against claims of $3,750,619 — $34,468 secured, $9,135 preferred and $3,707,016 unsecured — while proofs of claim filed to date total $650,015, comprising $56,206 secured, nil preferred and $593,809 unsecured. Twelve former employees are owed roughly $209,000 in wages, vacation and severance, of which $22,000 qualifies as a secured claim under s. 81.3(1), capped at $2,000 per employee and subordinate only to a CRA deemed trust over unremitted payroll deductions, which the trustee values at nil. The trustee has released its interest in a Toyota lift truck to Liftcapital Corporation and expects to redeem security over vehicles and equipment held by Barnes Wheaton and National Leasing.
Debtor
365 Productions Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Employees (Wage Earners Protection Program / Section 81.3(1) BIA) · in 185 casesas of date of bankruptcy — Statutory secured claim under Section 81.3(1) BIA over current assets (cash, accounts receivable, inventory), limited to $2,000 per employee — Twelve former employees owed approx. $209,000 total in wages/vacation/severance; only $22,000 eligible for security under s.81.3(1); ranks in priority to all creditors except CRA deemed trust claim — debtor: 365 Productions Inc. | $22K | Trustees preliminary report to creditors |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of date of bankruptcy — Deemed trust claim over payroll deductions withheld and not remitted — Deemed trust class, ranks in priority to all other creditors; Trustee does not anticipate a debt owing but has not confirmed with CRA; estimate of realization assumes $0 — debtor: 365 Productions Inc. | — | Trustees preliminary report to creditors |
| 4 | Secured | National Leasing Group Inc. · in 52 casesas of estimated realization (Schedule A) — PPSA financing statement registered May 15, 2014 in BC Personal Property Registry over electronic and video equipment (lease assigned from Bergeron Collins Capital Corp.) — Secured proof of claim filed; separate financing statement over computer equipment (registered Jan 29, 2014, assigned from Lease Link Canada Corp.) confirmed satisfied Feb 2016, equipment owned outright - not a current claim — debtor: 365 Productions Inc. | $17.2K | Trustees preliminary report to creditors |
| 4 | Secured | Barnes Wheaton Chevrolet Buick GMC Ltd.as of estimated realization (Schedule A) — PPSA financing statement registered July 23, 2013 in BC Personal Property Registry over 2011 GMC Savana vehicle — Secured proof of claim filed; equity appears in vehicle, Trustee expects to pay amount owed to redeem security — debtor: 365 Productions Inc. | $15.5K | Trustees preliminary report to creditors |
| 4 | Secured | Ford Credit Canada Limited · in 60 casesFinancing agreement over 2015 Ford F550 vehicle — DISCHARGED - Ford Credit Canada Limited discharged its financing statement previously registered in BC Personal Property Registry after vehicle returned prior to bankruptcy — debtor: 365 Productions Inc. | — | Trustees preliminary report to creditors |
| 4 | Secured | Liftcapital Corporation · in 9 casesPPSA financing statement registered June 5, 2015 in Ontario Personal Property Registry over 2007 Toyota lift truck — Secured proof of claim filed indicating amount owing far exceeded appraised value of equipment; Trustee released its interest in the equipment to the secured lender — debtor: 365 Productions Inc. | — | Trustees preliminary report to creditors |
| 4 | Secured | Blueshore Leasing Ltd. · in 6 casesFinancing statement registered March 19, 2014 in BC Personal Property Registry over LED Video panels and related attachments/accessories — Paid in full under lease agreement in May 2015; Company owns equipment outright - no current claim — debtor: 365 Productions Inc. | — | Trustees preliminary report to creditors |
| 6 | Landlord preferred | 365 Ownership Group Inc. (BC Landlord)as of date of bankruptcy — Preferred creditor - landlord rent arrears for Nov and Dec 1-5, 2016; afforded priority under BIA s.136 for BC landlords for arrears in three-month period preceding bankruptcy — debtor: 365 Productions Inc. | $10.6K | Trustees preliminary report to creditors |
| 7 | Preferred (BIA s. 136) | Employees (wages/vacation/severance beyond secured portion) · in 185 casesas of Statement of Affairs — Preferred creditor class for wages/compensation under BIA s.81; claims relating to period more than six months preceding bankruptcy are general unsecured; filed claims for preferred creditors were Nil as of report date — debtor: 365 Productions Inc. | $9.13K | Trustees preliminary report to creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual unsecured creditors; proofs of claim filed to date total $593,809 (labelled 'Filed' in claims table); amounts owing ultimately based on proofs of claim filed and admitted by Trustee — debtor: 365 Productions Inc. | $3.71M | Trustees preliminary report to creditors |
| 8 | Unsecured | The Manufacturers Life Insurance Company (ON Landlord) · in 7 casesPreferred creditor - ON landlord filed proof of claim claiming no rent arrears but claiming accelerated rent as provided in lease; amount not stated in narrative (Schedule A estimates $17,412) — debtor: 365 Productions Inc. | — | Trustees preliminary report to creditors |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: 20.8 %.EstimatedTrustees preliminary report to creditors
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | 20.8 % | Estimatedper the trustee | Trustees preliminary report to creditors |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
per Statement of Affairs filed in the bankruptcy · 365 Productions Inc. (entity level, post-amalgamation of 365 Installations Inc. and 365 Productions Inc.) — Total liabilities not separately stated as a single figure; claims filed table on page 5 shows Statement of Affairs total claims of $3,750,619 (secured $34,468, preferred $9,135, unsecured $3,707,016) versus Filed total of $650,015 (secured $56,206, preferred Nil, unsecured $593,809)
| Date | Document | File |
|---|---|---|
Trustees preliminary report to creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “365 Productions Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/365-productions-inc