Kasteel Construction and Coatings Inc.

Proceeding: BankruptcyNotice of Bankruptcy, First Meeting of Creditors (Subsection 102(1) of the Act)
File: 24-2998341
Industry: Construction

Filings held2

Last activity17 Oct 2023

On the record1,115 days

OverviewSummary updated 19 August 2026

Kasteel Construction and Coatings Inc., a Northwest Territories contractor, is in bankruptcy with MNP Ltd. as Licensed Insolvency Trustee under court file 24-2998341. The estate commenced on October 2, 2023, and notice of bankruptcy and of the first meeting of creditors was given under subsection 102(1) of the Act, dated October 17, 2023. The creditor mailing list as of that date shows Royal Bank of Canada in two separate unsecured line entries of $513,558.90 and $122,541.10, and the Receiver General for source deductions at $404,240.85, described as a deemed trust class. Other substantial unsecured claims include Aurora Decorating Center at $148,508.65, Paul Bros. Nextreme Inc. at $143,599.99 and Huntsman Building Solutions Inc. at $141,551.55. Kasteel Holdings Inc. is listed at $40,000.00 and director Trevor Kasteel appears as a related party. Business Development Bank of Canada and The Bank of Nova Scotia are listed as secured, each at a nominal $1.00. The proceeding remains active.

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Case updates2 dated entries

17 Oct 2023

#Order

Certificate of Appointment was filed. Court file 24-2998341.

Source: Certificate of Appointment

17 Oct 2023

#Claims

First Meeting of Creditors Package — Meeting materials

PDF · Subscribers

Parties

Debtor

Kasteel Construction and Coatings Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

#	Priority class	Creditor	Amount	Source
3	Deemed trusts (CRA and other)	Receiver General - Canada Revenue Agency - SourceSource deductions; deemed trust class — debtor: Kasteel Construction and Coatings Inc. · as of 17 Oct 2023	$404K	First Meeting of Creditors Package
4	Secured
4	Secured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured

43 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

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Documents2 filings

Date	Document	File
17 Oct 2023	Certificate of Appointment Appointee MNP LTD / MNP LTÉE Appointee role trustee Commencement date 17 October 2023 Court file no 24-2998341 + 1 more extracted fact	PDF · Subscribers

17 Oct 2023	First Meeting of Creditors Package Appointee MNP Ltd. Appointee role Licensed Insolvency Trustee Commencement date 2 October 2023 Court file no 24-2998341 + 5 more extracted facts	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., “Kasteel Construction and Coatings Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/kasteel-construction-and-coatings-inc