#Report
Proposal Trustee's First Report put actual bank balances at $177,156 as at 4 September 2026 against internal balance sheet cash of $716,726, and supported the Company's stay extension to formulate a proposal.
Source: Trustee's First Report
Dynamic Restoration Ltd.
FollowActive
- Proceeding
- NOISubsection 50.4(1) of the Act
- File
- 51-3411751
Filings held2
Last activity11 Sep 2026
On the record34 days
OverviewSummary updated
Dynamic Restoration Ltd. is the subject of insolvency proceedings commenced on 18 August 2026 in Nova Scotia, with MNP Ltd. acting as trustee. The Canada Revenue Agency dominates the creditor register at $852,987.00. The remaining claims are trade accounts owed to suppliers in the construction and materials trades: $64,436.00 to OSCO/Bedford Ready Mix Ltd., $27,117.00 to Casey Concrete, $25,207.00 to Kent, $16,416.00 to Metcon Excavation & Construction Inc. and $12,960.00 to Arrow Construction.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Claims
Notice of intention to make a proposal filed under subsection 50.4(1) of the BIA in the Supreme Court of Nova Scotia in Bankruptcy and Insolvency, file 51-3411751; MNP Ltd. named proposal trustee.
Source: Creditors Package
AnalysisAll insights
Filing brief
Dynamic Restoration: the proposal that waits on the tax returns
A Shubenacadie concrete and restoration contractor filed a notice of intention on August 18 after Canada Revenue Agency requirements to pay garnished its receivables and froze its bank accounts; CRA has since filed a proof of claim for $1,510,559.97, $747,484.77 of it under s. 60(1.1) of the BIA, and MNP, as proposal trustee, supports a stay extension to November 1 while the company brings its tax filings current.
Parties
Debtor
Dynamic Restoration Ltd.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Jim Pattison Industries Ltd. · in 9 casesSpecific charge on vehicles: 2024 GMC Sierra 2500HD (VIN 1GT49LE73RF378886); 2024 GMC Sierra 2500HD (VIN 1GT49LE79RF352082); 2023 GMC Yukon (VIN 1GKS2BKT4PR489938); 2025 GMC Sierra 1500 (VIN 3GTUUCED7SG129581); 2025 GMC Sierra 2500HD (VIN 1GT4UPEY0SF333862); 2026 RAM 2500 (VIN 3C63R5DL1TG157788); 2026 RAM 2500 (VIN 3C63R5CL1TG193739); 2026 RAM 2500 (VIN 3C63R5CL1TG208885) — No balance stated; PPSA equipment/vehicle financier — debtor: Dynamic Restoration Ltd. | — | Trustee's First Report |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
23 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$321K
As at 11 Sep 2026Trustee's First Report
2 more reported figures, as at 11 Sep 2026Subscribe to view
Documents2 filings
| Date | Document | File |
|---|---|---|
Trustee's First Report
| PDF · Subscribers | |
Creditors Package
| 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., “Dynamic Restoration Ltd.” (NOI), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/dynamic-restoration-ltd