#Report
A court officer report filed the same day fixed December 5, 2024 as the date on which Small Business BC's insolvency proceedings commenced.
Canada/British Columbia Business Services Society Small Business BC
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act (Canada)
Filings held3
Last activity5 Dec 2024
On the record655 days
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
Parties
Debtor
Canada/British Columbia Business Services Society Small Business BC
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 7 | Preferred (BIA s. 136) | Employees · in 185 casesas of Statement of Affairs as reported — Includes wages, vacation, severance; portion may qualify as preferred wage earner claims under s.81.3(1) BIA up to $2,000 per employee (secured to that extent) — debtor: Canada British Columbia Business Services Society | $890K | Trustee's Preliminary Report to Creditors |
| 7 | Preferred (BIA s. 136) | Preferred creditors (aggregate as reported - Statement of Affairs) · in 44 casesas of Statement of Affairs as reported — Preferred class per BIA; document names no individual creditors. Compare to $109,946 in filed proofs of claim as of report date — debtor: Canada British Columbia Business Services Society | $83.8K | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported - Statement of Affairs) · in 532 casesas of Statement of Affairs as reported — Document names no individual creditors in this aggregate; compare to $973,006 in filed proofs of claim (79 total proofs filed representing $1,082,953 in total creditor claims across all classes) as of report date — debtor: Canada British Columbia Business Services Society | $5.65M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | ISED - CDAP Default Notice claimTrustee understands actual amount due to ISED may be lower pending reconciliation; distinct from SoA-assumed balance of $1,780,094 — debtor: Canada British Columbia Business Services Society · as of 4 Dec 2024 | $4.53M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | SDPR - WAG Default Notice claimTrustee understands actual amount due to SDPR may be lower pending reconciliation; distinct from SoA-assumed balance of $1,717,913 (combined WAG/WAR) — debtor: Canada British Columbia Business Services Society · as of 21 Nov 2024 | $2.24M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | SDPR - WAR Default Notice claimTrustee understands actual amount due to SDPR may be lower pending reconciliation; distinct from SoA-assumed balance of $1,717,913 (combined WAG/WAR) — debtor: Canada British Columbia Business Services Society · as of 20 Nov 2024 | $2.06M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | ISED (Innovation, Science and Economic Development Canada) - CDAP programas of Statement of Affairs as reported — Note 2: Unknown balance; SoA figure assumes unspent amount owed back to ISED for CDAP program. ISED Default Notice claimed up to $4,525,106.92 (Dec 4, 2024) as remaining unexpended advance balance under CDAP Contribution Agreement (non-repayable contribution not exceeding $18,564,686.94; $17,481,273.31 disbursed). — debtor: Canada British Columbia Business Services Society | $1.78M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | SDPR (Ministry of Social Development and Poverty Reduction) - WAG and WAR programsas of Statement of Affairs as reported — Note 1: Unknown balance; SoA figure assumes unspent amount in bank account owed back to SDPR for WAG and WAR programs. Related default notices claimed $2,055,978.95 (WAR, Nov 20, 2024) and $2,242,695.00 (WAG, Nov 21, 2024). — debtor: Canada British Columbia Business Services Society | $1.72M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | JEDI (Ministry of Jobs, Economic Development and Innovation) - ExNav programas of Statement of Affairs as reported — Note 3: Unknown balance; SoA figure assumes unspent amount owed back to JEDI for ExNav program — debtor: Canada British Columbia Business Services Society | $794K | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Other trade creditors and contractorsas of Statement of Affairs as reported — Aggregate figure; document names no individual creditors — debtor: Canada British Columbia Business Services Society | $551K | Trustee's Preliminary Report to Creditors |
Estate financialsReported figures — never derived
Total assets at filing$5.34M
Total liabilities at filing$5.73M
per unaudited; book value; Statement of Affairs and Trustee's summary; several liability figures noted as unknown/estimated pending reconciliation · entity - Canada British Columbia Business Services Society (SBBC) — Trustee states no registered liens or encumbrances found on PPRA search (Nov 18, 2024) and no secured proofs of claim filed - 'According to a B.C. Personal Property Registry search... no registered liens or encumbrances were found. To date, there have been no secured proof of claims filed with the Trustee.' Assets include several unknown-value items (AR not reconciled, website/program assets). Liabilities to SDPR, ISED, and JEDI are labelled 'Unknown' with SoA/summary figures assuming unspent advance amounts owed back to funders. Total liabilities also cross-referenced against SoA figures of s
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| ||
| Certificate of Appointment | ||
| Creditor's package - Notice of First Meeting of Creditors | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Canada/British Columbia Business Services Society Small Business BC” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/canada-british-columbia-business-services-society