B&M Distribution Services Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-2228879
B&M Distribution Services Inc.'s Statement of Affairs, sworn March 15, 2017 by officer Louise Taylor, reports total assets of $34,000.00 against total liabilities of $181,427.14, a stated deficiency of $147,427.14. Assets consist of an estimated $20,000.00 in accounts receivable and $14,000.00 in other property. Secured claims were bifurcated: Bank of Nova Scotia's $86,212.58 claim splits into $34,000.00 treated as secured against estimated collateral value and the balance carried as unsecured, while Scotia Visa's $23,205.35 claim was moved entirely to the unsecured column after its collateral was valued at nil. The unsecured list also includes the Receiver General at $2,979.48 and roughly thirty trade creditors.
Certificate of Appointment was filed. Court file 31-2228879.
Source: Certificate of Appointment
Debtor
B&M Distribution Services Inc.
Trustee in bankruptcy
Dodick Landau
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Nova Scotia · in 73 casesDebts Due-Business-Accounts Receivable List ($20,000, given 01-Jan-2008); Business Assets-Machinery, equipment and plant ($5,000, given 01-Jan-2000); Motor Vehicles-2008 GMC Savana ($5,000, given 01-Jan-2008); Business Assets-Stock in Trade-Inventory ($3,000, given 01-Jan-2008); Furniture ($1,000, given 01-Jan-2008) — aggregate estimated security value $34,000.00 — Statement of Affairs List 'B' bifurcates this claim: only $34,000.00 (estimated security value) is treated as secured; the balance of $52,212.58 is carried as unsecured (see matching entry in List 'A' Unsecured Creditors, item 2). T · as of 15 Mar 2017 | $86.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
29 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “B&M Distribution Services Inc.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/b-m-distribution-services-inc