Modco Pacific Manufacturing Ltd.
Follow- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 11-3121084
Modco Pacific Manufacturing Ltd. became bankrupt at 13:20 on August 27, 2024 under section 49 of the Bankruptcy and Insolvency Act, with Crowe Mackay & Company Ltd as trustee of the British Columbia estate, file number 11-3121084. The Statement of Affairs as at that date puts total assets at $159,472.00 against total liabilities of $391,589.95 and states a deficiency of $232,117.95, made up of $348,409.03 in unsecured claims, $43,179.92 in secured claims and a $1.00 contingent trust claim. Royal Bank of Canada holds both secured positions, $35,416.77 on an EDC BCAP loan and $7,763.15 on a Mastercard, on security given April 8, 2020 over accounts receivable, cash and estimated auction proceeds. Its CEBA loan of $60,400.97 heads the unsecured list, ahead of $48,445.25 to Tech-First Advisory Ltd.
Modco Pacific Manufacturing became bankrupt at 13:20, vesting its estate in Crowe Mackay & Company Ltd and fixing the August 27, 2024 statement of affairs.
Source: Certificate of Filing
Debtor
Modco Pacific Manufacturing Ltd.
Trustee in bankruptcy
Crowe MacKay
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada - EDC BCAP LoanDebts Due - Business - Accounts Receivable; Cash on Hand - Cash; Cash on Hand - Estimated auction proceeds (security given 08-Apr-2020) — debtor: Modco Pacific Manufacturing Ltd. · as of 27 Aug 2024 | $35.4K | Notice of Bankruptcy |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| PDF · Subscribers | |
Certificate of Filing
| 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., “Modco Pacific Manufacturing Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/modco-pacific-manufacturing-ltd