#Report
The insolvency proceeding against Bay Tank and Vessel of Canada Ltd. commenced on December 10, 2025, at 10:51.
Source: Certificate of Appointment
Bay Tank and Vessel of Canada Ltd.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 25-3308986
Filings held2
Last activity10 Dec 2025
On the record285 days
Secured debt$1.42M
OverviewSummary updated
Bay Tank and Vessel of Canada Ltd. is subject to insolvency proceedings commenced December 10, 2025, in Alberta under court file no. 25-3308986. A Statement of Affairs as at December 5, 2025 reports total assets of $1,419,444.50 against total liabilities of $2,190,944.71, leaving a deficiency of $771,500.21. National Bank of Canada holds a General Security Agreement dated April 24, 2012 over the company's cash, receivables, fixtures, equipment and other personal property, securing a total claim of $1,569,390.67, split $1,419,444.50 secured and $149,946.17 unsecured. The balance of unsecured claims covers trade suppliers, contractors, landlords and employees, ranging from nominal sums up to $191,090.05 owed to Sandborn Roofs Inc.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Claims
The company itself filed the document initiating these insolvency proceedings on December 10, 2025.
Source: Creditor Package
Parties
Debtor
Bay Tank and Vessel of Canada Ltd.
Trustee in bankruptcy
GlassRatner
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada · in 87 casesGeneral Security Agreement dated 24-Apr-2012 over assets nos. 101, 1301, 1102, 1101, 501 (cash, A/R, trade fixtures, machinery/equipment, other personal property) — Total claim reported as $1,569,390.67, split $1,419,444.50 secured / $149,946.17 unsecured per Statement of Affairs (Form 78); unsecured portion also listed under unsecured creditors. — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1.42M | Creditor Package |
| 7 | Preferred (BIA s. 136) | Employees - Various · in 10 casesSeverance pay; preferred/priorities column shown as $0.00 — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
| 8 | Unsecured | Sandborn Roofs Inc.Accounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $191K | Creditor Package |
| 8 | Unsecured | Storage Tank SolutionsAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $168K | Creditor Package |
| 8 | Unsecured | National Bank of Canada · in 87 casesUnsecured shortfall portion of General Security Agreement claim; total claim $1,569,390.67 (secured $1,419,444.50 + unsecured $149,946.17) — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $150K | Creditor Package |
| 8 | Unsecured | Sub-Arc SystemsAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $91.8K | Creditor Package |
| 8 | Unsecured | Wonowon LodgeAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $40.4K | Creditor Package |
| 8 | Unsecured | CDM ConsultingAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $37.8K | Creditor Package |
| 8 | Unsecured | Black Gold Inspection & DesignAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $24.1K | Creditor Package |
| 8 | Unsecured | Onsite ITAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $19.4K | Creditor Package |
| 8 | Unsecured | Bakos NDTAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $12.2K | Creditor Package |
| 8 | Unsecured | Peace Country RentalAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $8.53K | Creditor Package |
| 8 | Unsecured | Higher Ground ConsultingAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $8.11K | Creditor Package |
| 8 | Unsecured | Summit TrucksAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $7.5K | Creditor Package |
| 8 | Unsecured | Encore · in 2 casesAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $4.82K | Creditor Package |
| 8 | Unsecured | Employee ExpensesReimbursable expenses — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $4.57K | Creditor Package |
| 8 | Unsecured | WCB - Workers Compensation Board of Alberta · in 2 casesAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $2.15K | Creditor Package |
| 8 | Unsecured | Miles Davison LLP · in 3 casesAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1.02K | Creditor Package |
| 8 | Unsecured | Tippet RichardsonAccounts payable — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $112 | Creditor Package |
| 8 | Unsecured | CRA - Tax Prairies · in 3 casesCorporate taxes; deemed trust class (CRA indebtedness) — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
| 8 | Unsecured | Marsh InsuranceInsurance — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
| 8 | Unsecured | Aspen PropertiesOwed rent — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
| 8 | Unsecured | Gateway TubularsOwed rent — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
| 8 | Unsecured | DocuSign · in 6 casesNature of liability not specified in listing — debtor: Bay Tank and Vessel of Canada Ltd. · as of 5 Dec 2025 | $1 | Creditor Package |
Estate financialsReported figures — never derived
Total assets at filing$1.42M
Total liabilities at filing$2.19M
As at 5 Dec 2025 · per Statement of Affairs (Form 78) - totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · Entity - Bay Tank and Vessel of Canada Ltd. (the bankrupt corporation) — Statement of Affairs shows a deficiency of $771,500.21 (surplus figure shown as $771,500.21 offsetting on liabilities side per form layout); secured creditors $1,419,444.50, preferred creditors $0.00, unsecured creditors $771,500.21.
Documents2 filings
| Date | Document | File |
|---|---|---|
Creditor Package
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Bay Tank and Vessel of Canada Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/bay-tank-and-vessel-of-canada-ltd