#Report
The officer filed a report. The Company ceased operations as of the bankruptcy date and is not carrying on business; the Trustee is focused on securing and realizing assets, resolving landlord access disputes, and reviewing claims.
Euro-Rite Cabinets Ltd.
ActiveFollow
- Proceeding
- BankruptcySection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3087445
- Industry
- Manufacturing · Building products
OverviewSummary updated
Euro-Rite Cabinets Ltd., a British Columbia cabinet maker, filed an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on May 31, 2024, with Ernst & Young Inc. as licensed insolvency trustee under file number 11-3087445. The Statement of Affairs (Business Bankruptcy) sworn as at May 30, 2024 puts total assets at $6,246,102.37 against total liabilities of $8,429,650.16, a stated deficiency of $2,183,547.79, with no preferred creditors. Tayco Office Furnishings Inc. is shown as secured for $5,472,619.72, fully covered by the estimated value of its security, while Woodlore International Inc. claims $2,873,882.63 and is listed again as unsecured for the $2,100,399.98 shortfall. The proceeding is active.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIOpen Proceedings AI
Case updates8 dated entries
#Order
Certificate of Appointment was filed. Court file 11-3087445.
Source: Certificate of Appointment
#Filing
Euro-Rite Cabinets Ltd. assigned its property under section 49 of the BIA, placing the British Columbia company's estate in the hands of Ernst & Young Inc. as licensed insolvency trustee.
Source: Statement of Affairs
Parties
Debtor
Euro-Rite Cabinets Ltd.
Trustee in bankruptcy
EY
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Tayco Office Furnishings Inc.Cash on Hand - Chequing $32,955.55; Other - Prepaid expenses $143,120.46; Debts Due - Business - Accounts receivable $1,507,574.23; Business Assets - Stock In Trade - Inventory $1,891,345.14; Business Assets - Machinery - Fixed assets $1,897,624.34 (estimated value of security) — Balance of claim shown as 0.00 (fully secured within estimated security value); priority and validity subject to independent legal review — debtor: Euro-Rite Cabinets Ltd. · as of 30 May 2024 | $5.47M | Statement of Affairs |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
16 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedPreliminary Report of the Trustee · 17 Jun 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report of the Trustee · 17 Jun 2024 |
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.
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
Cash on hand
$49.9K
As at 31 May 2024Preliminary Report of the Trustee
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments8 filings
| Date | Document | File |
|---|---|---|
Preliminary Report of the Trustee
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Instructions to complete Proof of Claim and Proxy | PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Proxy Form | PDF · Subscribers | |
| Reclamation of Property Form | PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| 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., “Euro-Rite Cabinets Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/euro-rite-cabinets-ltd