Canadian Sun & Mountains Travel Corporation
- Proceeding
- Proposalsubsection 50.(1) of the Bankruptcy and Insolvency Act R.S.C. 1985, c. B-3
- File
- 11-3182544
- Industry
- Hospitality & leisure · Travel & tourism
Canadian Sun & Mountains Travel Corporation filed a Division I proposal with the Office of the Superintendent of Bankruptcy on January 31, 2025, with Crowe MacKay & Company Ltd. as proposal trustee in the Supreme Court of British Columbia. Management's unaudited balance sheet at October 31, 2024 showed total assets of $1,827,681 against total liabilities of $1,491,835. The Business Development Bank of Canada holds first-in-time registered security over all present and after-acquired property and is owed $766,288 as at February 10, 2025; guarantees given to it by directors and officers and by 1286036 B.C. Ltd. are to be released under the proposal. The statement of affairs lists 13 unsecured creditors owed $498,900, while the trustee's estimated realization schedule puts total unsecured claims at $416,347.
A claims procedure has been established — see the order for deadlines.
The company filed its proposal with the Office of the Superintendent of Bankruptcy Canada on January 31, 2025, commencing the Division I proceedings under Crowe MacKay & Company Ltd.
Source: Proposal dated January 31, 2025
Undated filings3 — no date appears on the document · show
Debtor
Canadian Sun & Mountains Travel Corporation
Proposal trustee
Crowe MacKay
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 251 casesas of the date of this Report (February 10, 2025) — First-in-time registered PPR security against all present and after-acquired property (AllPAAP) — Prose approximation of $683,734 also stated ('as of the date of this Report'); Estimated Realization Schedule (as at January 31, 2025) breaks this into BDC Loan 1 $146,426 and BDC Loan 2 $619,862 (components, not summed here). Guarantees by Directors/Officers and 1286036 B.C. Ltd. to BDC are to be released under the Proposal. — debtor: Canadian Sun & Mountains Travel Corporation | $766K | Report of Trustee on Proposal (dated March 10, 2025) |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · vote pendingReport of Trustee on Proposal · 10 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | of proven claims | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 10 Feb 2025 |
| Unsecured | — | — | of proven claims | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 10 Feb 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Report of Trustee on Proposal (dated March 10, 2025)
| PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
| Second Amended Proposal dated March 3, 2025 | PDF · Subscribers | |
Proposal Creditors ’ Package
| PDF · Subscribers | |
Amended Proposal dated February 7, 2025
| PDF · Subscribers | |
Proposal dated January 31, 2025
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Proxy Form | PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Canadian Sun & Mountains Travel Corporation” (Proposal), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/canadian-sun-mountains-travel-corporation