FHC Enterprises Ltd.
- Proceeding
- NOISection 59(1) and paragraph 58(d) of the Act
- File
- B260311
- Industry
- Retail · Department & general merchandise
FHC Enterprises Ltd. filed a Notice of Intention to Make a Proposal under the BIA on May 8, 2026 in the Supreme Court of British Columbia, file B260311. The trustee's report identifies RBC as senior secured creditor under an amended and restated April 30, 2012 revolving facility, forecast at $350,000 at the time of voting on the Proposal and subject to a forbearance agreement requiring repayment by June 30, 2026; that debt is unaffected by the Proposal. Related party 1007070 B.C. Ltd. is forecast at $1,700,000, including a $200,000 secured advance made after the Notice of Intention for inventory purchases, and is excluded from claiming in the Proposal. The Province of British Columbia registered a $1,000,000 unremitted PST claim on April 9, 2026, to be paid in full from the Proposal Fund; CRA's $41,000 deemed trust claim remained under review. Mortgages held by Envision Financial, Affinity Credit Union, CIBC, BDC and BMO encumber properties in British Columbia, Alberta and Saskatchewan.
Guide
What to do when a company that owes you money goes bankrupt in Canada
When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.
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.
Proposal trustee
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesClaim related to payroll account withholdings — Deemed trust class; Trustee is still reviewing with CRA to confirm whether claim is a valid deemed trust claim - opinion pending — debtor: FHC Enterprises Ltd. | $41K | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
84 more claims in 4 classes The stack holds Deemed trusts (CRA and other), Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: a distribution. Canada Revenue Agency paid in full.EstimatedTrustee's Report on Proposal · 30 Jun 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Canada Revenue Agency | — | paid in full | Under the plansanctionedper the trustee | Trustee's Report to Creditors · 12 Jun 2026 |
| Unsecured | General Creditors (dividend after election claims paid) | — | vs. in a bankruptcy | Estimatedper the trustee | Trustee's Report on Proposal · 30 Jun 2026 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Order Approving Proposal | PDF · Subscribers | |
Trustee's Report on Proposal
| PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
| Creditor's Package | PDF · Subscribers | |
| Notice of Intention to Make a Proposal (NOI) | 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.” (NOI), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/fhc-enterprises-ltd-2