Bay Tank and Vessel of Canada Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 25-3308986
- Industry
- Manufacturing · Metals & fabrication
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.
Certificate of Appointment was filed. Court file 25-3308986.
Source: Certificate of Appointment
Debtor
Bay Tank and Vessel of Canada Ltd.
Trustee in bankruptcy
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada · in 101 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) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
23 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Creditor Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “Bay Tank and Vessel of Canada Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/bay-tank-and-vessel-of-canada-ltd