Newgrind Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3125845
Newgrind Inc. has been bankrupt since September 9, 2024, with MNP Ltd. acting as Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act in the Supreme Court of British Columbia, court file 11-3125845. The Statement of Affairs reports total liabilities of $6,532,445.15, of which $6,532,444.15 is unsecured and $1,250,426.28 secured, against assets consisting of Other Property valued at $1.00, being residual funds from the receivership. No assets are expected to be available to unsecured creditors after priority and secured claims. Nine proofs of claim totalling $395,932.35 have been filed, well short of the Statement of Affairs figure. A Canada Revenue Agency deemed trust claim over unremitted payroll source deductions ranks ahead of all other creditors; five wage earners were processed through WEPP, secured for $7,804.88 to the extent of $2,000 each.
Certificate of Appointment was filed. Court file 11-3125845.
Source: Certificate of Appointment
Debtor
Newgrind Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesDeemed trust claim over unremitted payroll source deductions — Deemed trust class, ranks ahead of all other creditors; proof of claim not yet received; approx. $36,000 remitted to CRA in 2024 but unclear if full amount owing; amount unknown/unconfirmed — debtor: Newgrind Inc. | — | Trustee's Preliminary Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
Creditor's package - Notice of First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “Newgrind Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/newgrind-inc-bankruptcy