Fast Track Appliances Ltd. was placed into bankruptcy in the Supreme Court of British Columbia on May 5, 2026, on the application of Royal Bank of Canada, under the Bankruptcy and Insolvency Act. A Statement of Affairs sworn by director Barjinder Bhatti on May 14, 2026 puts total assets at $2.00 against total liabilities of $3,248,408.98, with a reported deficiency of $3,248,406.98 and both secured creditors and preferred claims stated at $0.00. Business Development Bank of Canada is listed on three facilities at $2,431,509.53, $132,925.28 and $46,480.00; Royal Bank of Canada at $592,163.21 and $2.00. The proceeding is active under court file numbers 11-255057 and B-260218.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Preliminary Report. The Trustee assessed the Company's minimal tangible assets, concluded realization costs would exceed recoveries, and has abandoned all assets, meaning no dividends are expected to become available to creditors. Court file 11-255057.
Interim order granted the same day, May 5, 2026, the date of bankruptcy against which the Statement of Affairs was later prepared.
Debtor
Fast Track Appliances Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Business Development Bank of Canada · in 241 casesBank loans (except real property mortgage) - facility 1 — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $2.43M | Creditor Package dated May 8, 2026 |
| Unsecured | Royal Bank of Canada · in 556 casesBank loans (except real property mortgage) - facility 2; also applicant for the bankruptcy order — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $592K | Creditor Package dated May 8, 2026 |
| Unsecured | Business Development Bank of Canada · in 241 casesBank loans (except real property mortgage) - facility 2 — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $133K | Creditor Package dated May 8, 2026 |
| Unsecured | Business Development Bank of Canada · in 241 casesBank loans (except real property mortgage) - facility 3 — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $46.5K | Creditor Package dated May 8, 2026 |
| Unsecured | Hamilton Duncan Armstrong & StewartClaim relates to a Notice of Civil Claim — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $35.3K | Creditor Package dated May 8, 2026 |
| Unsecured | Simone Natalie Rohla and Kenneth John RohlaClaim relates to a Notice of Claim — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $10K | Creditor Package dated May 8, 2026 |
| Unsecured | Royal Bank of Canada · in 556 casesBank loans (except real property mortgage) - facility 1 — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $2 | Creditor Package dated May 8, 2026 |
| Unsecured | BC Hydro · in 71 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | 2M7 Financial Solutions · in 13 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | 1345962 BC LtdAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Work Safe BC · in 9 casesWorkers Compensation; nominal $1.00 amount as stated in Statement of Affairs; regulatory claim — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Canada Revenue Agency · in 926 casesCorporate taxes; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Casp Enterprises Ltd.Accounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Chambers of Commerce Group Insurance Plan · in 2 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Employees · in 185 casesOwed wages; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | KSI LawAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Kasa Supply Ltd. · in 2 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Waste Management · in 60 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | MarconeAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Mercedes-Benz Financial · in 8 casesRelates to 3 motor vehicles (2020 Mercedes-Benz Metris, 2021 Mercedes-Benz Metris); nominal $1.00 amount as stated — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Metropolitan Credit Adjusters Ltd. · in 3 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Ministry of Finance · in 107 casesSales taxes; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Rahelu Plumbing & HeatingAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Reliable Parts · in 2 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | TELUS Communications Company · in 8 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Rogers Communication CanadaAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Scotia Dealer Advantage Inc.Finance company loans; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Ford Credit Canada · in 16 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | FortisBC · in 8 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | GM Financial Canada Leasing LtdLease owing; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | ICBC · in 3 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
| Unsecured | Bell Canada · in 298 casesAccounts payable; nominal $1.00 amount as stated in Statement of Affairs — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $1 | Creditor Package dated May 8, 2026 |
As at 5 May 2026 · per Statement of Affairs (Form 78) as sworn/declared by director Barjinder Bhatti on May 14, 2026, reflecting state of affairs on the date of bankruptcy · Entity-level: Fast Track Appliances Ltd. — Statement of Affairs reports secured creditors as $0.00 and preferred creditors/priorities as $0.00, indicating no secured or preferred claims stated; deficiency of $3,248,406.98 reported.
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors dated May 26, 2026
| ||
| Certificate of Filing of a Bankruptcy Order 11-3373844 | ||
Creditor Package dated May 8, 2026
| ||
Bankruptcy Order filed May 5, 2026
| ||
| Proof of Claim Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Fast Track Appliances Ltd.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/fast-track-appliances-ltd
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/fast-track-appliances-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.