FHC Enterprises Ltd. FIELDS
- Proceeding
- NOISection 50.4(9) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 as amended
- File
- B200171
- Industry
- Retail · Department & general merchandise
FHC Enterprises Ltd. commenced a notice of intention on 3 April 2020 in the Supreme Court of British Columbia, file B200171, with the matter proceeding under section 50.4(9) of the Bankruptcy and Insolvency Act. A further application followed on 6 April 2020, with FHC Enterprises Ltd. and Royal Bank of Canada named as applicants. The creditor list records RBC Royal Bank / Banque Royale secured for $8,941,000, related-party lenders 1007070 B.C. LTD. at $1,768,919.61 and 0988474 BC LTD. at $250,000, Radco Ventures Inc. at $687,500, Kry Innovations Inc. at $500,000, and five equipment financiers listed at nominal $1 PPSA purchase-money claims. Several hundred trade suppliers are listed as unsecured, together with $112,952 in British Columbia PST and $49,613 to the Canada Revenue Agency. The proceeding remains active.
Application filed in the Supreme Court of British Columbia in Bankruptcy and Insolvency under file B200171, brought under section 50.4(9) of the Bankruptcy and Insolvency Act.
Source: Notice of Motion of Royal Bank of Canada filed April 6 2020
FHC Enterprises Ltd. brought its own application in the Supreme Court of British Columbia under section 50.4(9) of the BIA, filing a creditor list running to secured, tax and trade claims.
The officer filed a report. Enterprises continues to operate its retail stores in the normal course (some with reduced hours due to COVID-19), paying suppliers mainly on a cash basis, though revenue is running roughly 25%-30% below projections and employee lay-offs have begun at the distribution center. Leasing has no employees or active operations.
Source: Proposal Trustees Report to Court filed April 6 2020
Certificate of Filing of a Notice of Intention to Make a Proposal was filed. Court file 11-2626936.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal
Outcome brief
FIELDS: $16,700 every Tuesday for 250 weeks
Seventeen days after MNP was discharged from its first proposal, the company that runs the FIELDS stores filed notice of a second, which offers $4,175,000 paid at $16,700 a week, an estimated 62% for unsecured creditors against 29% in a bankruptcy. Creditors voted 63 to 1, and a Registrar approved it on July 27, 2026.
Debtor
FHC Enterprises Ltd. FIELDS
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 2 orders, Apr 2020 | 60 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Creditorapoli ant | MLT Aikins LLP | 6 Apr 2020 | Application · 6 Apr 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | RBC Royal Bank / Banque Royale · in 59 casesas of NOI filing date — debtor: FHC Enterprises Ltd. | $8.94M | Notice to Creditors of Notice of Intention to Make a Proposal |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors |
267 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans| Date | Document | File |
|---|---|---|
| Amended Proposal Approval Order granted July 20 2020 | PDF · Subscribers | |
| Entered Order approving Proposal granted July 8 2020 | PDF · Subscribers | |
Notice to Creditors of Proposal
| PDF · Subscribers | |
| Affidavit of J McDougall filed April 6 2020 | PDF · Subscribers | |
Notice of Motion of Royal Bank of Canada filed April 6 2020
| PDF · Subscribers | |
Notice of Motion to Court filed April 6 2020
| PDF · Subscribers | |
Order of Madam Justice Fitzpatrick made April 6 2020
| PDF · Subscribers | |
Order of Madam Justice Fitzpatrick made April 6 2020 re RBC
| PDF · Subscribers | |
Proposal Trustees Report to Court filed April 6 2020
| PDF · Subscribers | |
| Affidavit of T Litsos without Exhibit sworn April 1 2020 | PDF · Subscribers | |
Notice to Creditors of Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal
| PDF · Subscribers | |
| Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Consent to Act by Proposal Trustee | 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., “FHC Enterprises Ltd. FIELDS” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/fhc-enterprises-ltd