Del Equipment Inc.
Follow- Proceeding
- BankruptcySection 49 of the Act; Rule 85
- File
- 31-2694356
Del Equipment Inc. remains in active bankruptcy proceedings under the BIA in Ontario, commenced December 3, 2020, with MNP Ltd. acting as Licensed Insolvency Trustee under court file 31-2694356. The sworn Statement of Affairs puts liabilities at $18,114,003.63, of which $18,114,001.63 is unsecured and $2.00 represents contingent and trust claims tied to two unresolved assumed warranty matters; the Trustee is aware of no secured creditors, those having been addressed through the earlier CCAA proceedings and receivership, and none preferred under section 136. Diesel Equipment Ltd. and Gin-Cor Industries Inc. and related entities are the largest unsecured creditors at approximately $9.96 million, or 55% of the SOA total. Claims filed and admitted for voting purposes only as at January 7, 2021 totaled $14,335,538.31. Cash of $4,238,736.79 was estimated, of which $4,235,075.35 has been realized.
A claims procedure has been established — see the order for deadlines.
5 earlier updates, back to 3 December 2020 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
Del Equipment Inc.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Diesel Equipment LimitedLargest listed unsecured claim; 42 Industrial Street, Toronto (same premises as list E receivables) - likely related party/affiliate intercompany claim. · as of 2 Dec 2020 | $8.14M | Notice of Bankruptcy, First Meeting of Creditors |
Unsecured creditors: a distribution.EstimatedPreliminary Report · 7 Jan 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distributionconditional | Estimatedper the trustee | Preliminary Report · 7 Jan 2021 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
| Certificate of Appointment (AMENDED) | PDF · Subscribers | |
Efiling - First Meeting of Creditor minutes
| PDF · Subscribers | |
| First Meeting of Creditors - Minutes and Attendance List | PDF · Subscribers | |
| click here. | PDF · Subscribers | |
Preliminary Report
| PDF · Subscribers | |
Notice of Bankruptcy, First Meeting of Creditors
| PDF · Subscribers | |
Notice to Officer of Bankrupt Corporation, First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
| Blank Proof of Claim (Form 31) and Proxy Form (Form 36) | 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., “Del Equipment Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/del-equipment