3E Glass Ltd

3E Glass Ltd filed for bankruptcy on February 1, 2021 in the Supreme Court of British Columbia in Bankruptcy and Insolvency, court file 11-2708551, with The Bowra Group Inc. as Licensed Insolvency Trustee. The Trustee's preliminary estimate, prepared as at the date of bankruptcy and before realization costs, carries assets at a book value of $2,969,000 against an estimated realization range of $372,000 to $1,054,000. Secured claims are estimated at $369,000 to HSBC Bank of Canada and $53,000 to Royal Bank of Canada against specific equipment and vehicles, $46,000 to Ford Credit Canada, and $100,000 to BMO Bank of Montreal over all property, with De Lage Landen Financial Services and Mercedes-Benz Financial claims recorded as unknown. Employee claims under WEPP are estimated at $96,000 and unsecured creditors at approximately $1,880,000. The proceeding is active.