Canada/British Columbia Business Services Society Small Business BC

Canada British Columbia Business Services Society, operating as Small Business BC, has been in bankruptcy under the Bankruptcy and Insolvency Act since December 5, 2024, with MNP Ltd. as licensed insolvency trustee and the proceeding in the Supreme Court of British Columbia. The Statement of Affairs reports assets of $5,339,081 against liabilities of $5,733,053 on an unaudited book-value basis: NIL secured, $83,816 preferred and $5,649,236 unsecured. The bankruptcy followed default notices from the society's program funders. SDPR declared $2,055,978.95 repayable under the WAR program on November 20, 2024 and $2,242,695 under WAG on November 21; ISED demanded up to $4,525,106.92 in unexpended CDAP advances on December 4. A Personal Property Registry search on November 18, 2024 disclosed no registered liens, and no secured proofs of claim have been filed. Seventy-nine proofs totalling $1,082,953 are in.