Mid Canada Millwork Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- BK 16-01-04178
- Industry
- Manufacturing · Building products
Mid Canada Millwork Ltd. is in bankruptcy in Manitoba, commenced October 28, 2016 under section 50.4(7) of the Bankruptcy and Insolvency Act, with MNP Ltd. acting as Licensed Insolvency Trustee under court file BK 16-01-04178. The Statement of Affairs for the single entity, as at October 31, 2016, shows assets of $7,015,000.00 against liabilities of $15,333,254.94, a reported deficiency of $8,318,254.94. Secured claims include the Business Development Bank of Canada at $6,000,000.00, secured against the Steinbach building and other assets; TD Canada Trust, claiming $3,400,000.00 with a $2,385,000.00 balance after security; Formations Inc. at $791,911.61; and Intact Insurance at $494,378.68. A list of 181 unsecured creditors totals $4,434,408.51, led by the Canada Revenue Agency at $1,066,901.44, and 144 former employees hold preferred wage claims aggregating $212,555.14. The proceeding remains active.
Debtor
Mid Canada Millwork Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada · in 251 casesReal property/immovable - Building Steinbach 78 PTH 52W; business assets - machinery, equipment, furniture & fixtures; debts due - accounts receivable; inventory; motor vehicles — Balance of claim not shown (fully secured against estimated $6,000,000 real property value) — debtor: Mid Canada Millwork Ltd. · as of 31 Oct 2016 | $6M | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured |
5 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
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Material Adverse Change Report
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CiteProceedings., “Mid Canada Millwork Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/mid-canada-millwork-ltd