Bucha Brew Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- Industry
- Manufacturing · Food & beverage manufacturing
Bucha Brew Ltd. has been in insolvency proceedings in British Columbia since March 21, 2024, with Crowe MacKay & Company Ltd. as trustee, proceeding under subsection 102(1) of the Act. The statement of affairs, as stated and estimated by the officer at March 20, 2024, records total assets of $92,109.09 against total liabilities of $488,800.22 and a deficiency of $396,691.13. The Canada Revenue Agency holds a source deductions claim of $94,542.76 secured on the company's cash, receivables, royalties, a walk-in cooler and its interest in DJ Beverages, and is owed a further $133,457.74 on GST/HST. Other claims include a $60,000.00 Vancity CEBA loan, $44,689.26 on a personal loan from related party Kara Sam and $43,802.69 on a CIBC business Visa account.
Debtor
Bucha Brew Ltd.
Trustee in bankruptcy
Crowe MacKay
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Pacific (Source deductions) · in 77 casesCash on Hand ($56,651.33); Debts Due - Business Accounts Receivable ($35,454.76); Other - Royalties ($1.00); Other - Walk-in cooler ($1.00); Business Assets - Subsidiary - DJ Beverages ($1.00) — Deemed trust / CRA source deductions claim; balance of claim after security value $2,433.67 — debtor: Bucha Brew Ltd. · as of 14 Mar 2024 | $94.5K | Notice of Bankruptcy |
| 5 | PMSI / lessors | |||
| 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 Deemed trusts (CRA and other), PMSI / lessors 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 |
|---|---|---|
Notice of Bankruptcy
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CiteProceedings., “Bucha Brew Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/bucha-brew-ltd