DB Services of Victoria Inc., a Victoria-area construction company, has been in bankruptcy since 31 July 2023, when it filed an assignment under section 49 of the Bankruptcy and Insolvency Act in the District of British Columbia under Estate No. 11-2971290. Grant Thornton Limited is the trustee, and the proceeding remains active. The claims register as at the date of bankruptcy lists First West Credit Union and its Island Savings Division as secured creditors, the latter at $24,579.22, and several hundred unsecured claims. The largest trade claims include Gordon n Gordon Interiors Ltd. at $703,421.82, Kalesnikoff Mass Timber Inc at $575,336.57, MJR Holdings at $570,000.00, Scansa Construction Ltd at $551,645.53 and Tech Mechanical Systems Ltd. at $524,966.01. The Canada Revenue Agency claims $31,369.55 and $59,357.56, both flagged as potential deemed trust claims.
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The officer filed a report. DBS ceased operations upon its bankruptcy filing; the Trustee secured the Company's assets and premises, disclaimed the lease with an affiliate, and the ongoing Rockford Place and Harmony construction projects will not be completed by DBS. Court file Estate No. 11-2971290.
Assignment filed under s. 49 of the BIA in the District of British Columbia, placing the estate with Grant Thornton Limited as trustee and fixing claims as at this date.
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