Karwood Contracting Ltd. (Bankruptcy)
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 25186
- Industry
- Construction · General contractors
Karwood Contracting Ltd., a Newfoundland and Labrador company, entered bankruptcy on December 12, 2025 under section 49 of the Bankruptcy and Insolvency Act, the provision governing an assignment by a debtor. BDO Canada Limited / BDO Canada Limitée is acting as trustee of the estate, which carries file number 25186. The bankruptcy took effect at 16:39 on the date of commencement, a time recorded in a court officer report filed that same day. The proceeding remains active.
Undated filings1 — no date appears on the document · show
Debtor
Karwood Contracting Ltd. (Bankruptcy)
Trustee in bankruptcy
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Boreal Atlantic Ltd. · in 2 casesMortgage security against a 7,318 square metre parcel on Kenmount Road, Paradise, NL — Amount 'approximately $640,000'. Land was sold in the Transaction (vesting order Oct 24, 2025), so the security is no longer part of the estate; Trustee understands Boreal would have an unsecured claim. Not counted in SOA secured claims. — debtor: Karwood Contracting Ltd. | $640K | Trustee's Preliminary Report |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 6 | Landlord preferred |
7 more claims in 3 classes The stack holds Secured, PMSI / lessors and Landlord preferred claims.
Every creditor and every amount, drawn to scale.
$9 today, then $99 a month from day 8. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 7 Jan 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Karwood's unsecured creditors | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 7 Jan 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.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
$9 today, then $99 a month from day 8. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Trustee's Preliminary Report
| 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., “Karwood Contracting Ltd. (Bankruptcy)” (Bankruptcy). Retrieved 16 October 2026, https://proceedings.ca/case/karwood-contracting-inc