Modco Pacific Manufacturing Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 11-3121084
- Industry
- Manufacturing
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 |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Pacific Source Deductions · in 3 casesDeemed Trust Claim (CRA source deductions), classified as contingent/other liability rather than ordinary unsecured — debtor: Modco Pacific Manufacturing Ltd. · as of 27 Aug 2024 | $1 | Notice of Bankruptcy |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
72 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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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
| PDF · Subscribers | |
Certificate of Filing
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CiteProceedings., “Modco Pacific Manufacturing Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/modco-pacific-manufacturing-ltd