Cyper West Technology Inc.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 11-2953963
Cyper West Technology Inc. has been bankrupt since June 12, 2023, with MNP Ltd. acting as Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act in the Supreme Court of British Columbia, court file 11-2953963. The Statement of Affairs filed in the bankruptcy shows assets of $106,001.00, almost entirely a $105,000.00 receivable from related company Enterprise Cyper Inc. on which no realization is expected, alongside $100.00 in cash and machinery and equipment carried at $1.00. Liabilities are stated at $88,610.01, comprising $40,598.00 secured, nil preferred and $47,910.01 unsecured. Claims filed total $55,363.68, all unsecured. Toronto Dominion Bank, which a BC PPR search as of June 6, 2023 showed holds a registered general security agreement over all personal property and proceeds, submitted an unsecured proof of claim of $44,223.99. The Canada Revenue Agency's deemed trust claim for unremitted payroll source deductions, approximately $700.00 per the company's internal balance sheet, ranks ahead of all other creditors.
Debtor
Cyper West Technology Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust class, ranks in priority to all other creditors; approx. $700.00 per Company's internal balance sheet; no proof of claim received from CRA as of report date; amount unconfirmed. — debtor: Cyper West Technology Inc. | — | Trustee's Preliminary Report |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured 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 |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Creditor's Package
| PDF · Subscribers | |
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CiteProceedings., “Cyper West Technology Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/cyper-west-technology