#Order
Order provided for an administration charge of $200,000 securing the proposal trustee, its legal counsel and counsel for the company, whose fees are forecast at $210,000 to December 13, 2026.
Mitchell Press Limited
ActiveFollow
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- B-260538
- Industry
- Manufacturing · Wood, paper & printing
OverviewSummary updated
Mitchell Press Limited filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on August 31, 2026, with MNP LTD / MNP LTÉE as Licensed Insolvency Trustee, under court file 11-3417658. Unaudited statements as at June 30, 2026 show total assets of $9.08 million against total liabilities of $17.99 million, with roughly 50 pieces of equipment carried at approximately $3.77 million and a monthly operating loss of ($99,588) for June 2026. Valiant Financial Services Inc. ranks first against substantially all property under an equipment sale and leaseback, owed $435,772.69 at the filing date; Slow Loris Holdings Ltd., a related Mitchell Group entity, ranks third at $14,369,617.53. Trade suppliers and other unsecured creditors were owed approximately $1.03 million. The proceeding is active.
Proceedings AIOpen Proceedings AI
Case updates9 dated entries
#Sale
Sale to Dollco Print Solutions Group Inc. approved, conveying the Purchased Assets under the September 1, 2026 agreement; vacant possession falls due by 12:00 noon on the Closing Date, which the parties may extend by mutual agreement without further order.
#Report
First Report recorded curtailed operations and a wind-down, with a sale of the customer list to Dollco being pursued, and forecast receipts of $1,862,643 against disbursements of $2,203,420 to December 13, 2026.
#Filing
Notice of intention dated August 31, 2026 placed the company under Division I proposal proceedings with MNP LTD. as proposal trustee, fixing the filing date for creditor balances.
AnalysisAll insights
Outcome brief
Mitchell Press: the paper goes to Dollco at book value
On September 17, 2026 Justice Wilkinson approved the sale of Mitchell Press's customer list to Dollco and, on an affidavit sworn two days earlier, doubled the Burnaby printer's ceiling on asset sales without court approval to $100,000 a transaction and $1,000,000 overall so that Dollco could buy about $475,000 of paper at 100% of book value; the forecast attached to MNP's first report has the last operating receipts arriving in late October.
Filing brief
Mitchell Press: the customer list, for 5% of what it earns
A Burnaby printer founded in 1928 by a Vancouver Sun editor filed a notice of intention on August 31 and is asking the court to approve the sale of its customer list to Dollco Print Solutions Group — no cash at closing, 5% of the revenue those customers generate for three years — along with authority to shut down operations and more time to make a proposal that would preserve its tax attributes for the family group.
Parties
Debtor
Mitchell Press Limited
Proposal trustee
MNP
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeMNP | Richards Buell Sutton LLP | 16 Sep 2026 | Service list · 16 Sep 2026 |
| DebtorMitchell Press Limited | Osler, Hoskin & Harcourt LLP | 16 Sep 2026 | Service list · 16 Sep 2026 |
| CreditorDollco Print Solutions Group Inc | DLA Piper (Canada) LLP | 16 Sep 2026 | Service list · 16 Sep 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Slow Loris Holdings Ltd.as of Filing Date — Slow Loris Promissory Note, secured against substantially all property of Mitchell Press — Related party - Slow Loris is a Mitchell Group entity; PPSA registration 642783R shows Valiant Mortgage Inc. as secured party against Slow Loris and related debtors for the underlying Valiant Mortgage Loan — debtor: Mitchell Press Limited | $14.4M | Affidavit #1 of D Mitchell |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
73 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 plansSale processAs stated in the filings
Approval pending — Company seeking approval of the Proposed Sale Transaction and the Dollco APAProposal Trustee's First Report to Court · 15 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Dollco Print Solutions Group Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 1 Sep 2026 | not stated | Approved17 Sep 2026 | Order re Approval and Vesting Order |
Closing termsvacant possession delivered by 12:00 noon on the Closing Date; parties may extend Closing Date by mutual agreement without further OrderOrder re Approval and Vesting Order
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
Cash on hand
$163K
As at 30 Jun 2026Proposal Trustee's First Report to Court
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
9 filings
| Date | Document | File |
|---|---|---|
Initial Order Made After Application
| PDF · Subscribers | |
Order re Approval and Vesting Order
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Affidavit #2 of D Mitchell | PDF · Subscribers | |
Proposal Trustee's First Report to Court
| PDF · Subscribers | |
Affidavit #1 of D Mitchell
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Certificate of the Notice of Intention
| 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., “Mitchell Press Limited” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/mitchell-press-limited