City Light Electric Ltd.
- Proceeding
- BankruptcyBankruptcy & Insolvency Act
- File
- 46051
- Industry
- Construction · Specialty trade contractors
City Light Electric Ltd., a Nova Scotia electrical contractor, made an assignment in bankruptcy on March 11, 2025 under section 49 of the Bankruptcy and Insolvency Act, court file 46051, with BDO Canada Limited as licensed insolvency trustee. The Statement of Affairs as at March 4, 2025, prepared from the company's internal records and not verified by BDO, shows total assets of $1,653 against total liabilities of $2,903,893 — priority claims of $1,503,982, secured claims of $1, unsecured claims of $1,274,910 and deferred claims of $125,000 — for a deficiency of $2,903,893. The priority figure is Canada Revenue Agency unremitted source deductions; a CRA notice of assessment dated October 2, 2024 indicates the balance owing may be approximately $2.8 million. As at 9:00 a.m. on March 31, 2025, filed proofs of claim totalled $40,000 across a single claim, against 20 claims of $2,903,892 per the Statement of Affairs.
Debtor
City Light Electric Ltd.
Trustee in bankruptcy
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Clyde Street Developments Ltd.General security agreement against personal property, registered February 26, 2021 — PPSA registration; amount not stated — debtor: City Light Electric Ltd. · as of 28 Jan 2025 | — | Trustee's Preliminary Report |
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: shortfall.EstimatedTrustee's Preliminary Report · 31 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 31 Mar 2025 |
| Unsecured | — | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report · 31 Mar 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.
As 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 |
|---|---|---|
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Trustee's Preliminary Report
| 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., “City Light Electric Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/city-light-electric-ltd