Pathway Construction Ltd.
- Proceeding
- Proposalsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 24615
Pathway Construction Ltd. is in Division I proposal proceedings under the Bankruptcy and Insolvency Act in the Supreme Court of Newfoundland and Labrador in Bankruptcy and Insolvency, court file 24615, with the matter dated to January 31, 2024 and a notice of intention filing date of September 28, 2023. The proceeding is active, and relief has been sought under section 50.4(9) of the Act and section 6 of the Bankruptcy and Insolvency General Rules. Unaudited internal statements put entity-level assets at $1,198,895 at book value as at September 30, 2023 against liabilities of $1,737,011 as at the filing date for claims of $250 or more; the itemized liabilities table totals $1,759,297. Bank of Montreal holds a general security agreement over all present and after-acquired property, with seven equipment and vehicle financiers holding PPSA security.
Application filed in the Supreme Court of Newfoundland and Labrador under Court No. 24615, commencing Pathway Construction's Division I proposal proceedings.
The officer filed report no. Second Report of the Proposal Trustee. Pathway's proposal to creditors, arising from cash-flow difficulties caused by a major customer's non-payment and industry downturns during COVID-19 and inflation, was accepted by creditors at the January 11, 2024 meeting after removal of a director's liability clause.
Application filed invoking section 6 of the Bankruptcy and Insolvency General Rules and section 50.4(9) of the Bankruptcy and Insolvency Act, after the September 28, 2023 notice of intention.
Source: Pathway Construction Ltd. Application for NOI Extension
Undated filings1 — no date appears on the document · show
Debtor
Pathway Construction Ltd.
Proposal trustee
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | CWB National Leasing Inc. · in 120 casesSpecific security over equipment and accessories (PPSA) — NOI originally listed as owed $1; subsequently determined to be owed approximately $164,563 — debtor: Pathway Construction Ltd. · as of 28 Sep 2023 | $165K | Final First Report of The Trustee - Extension |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Under the plan · sanctionedPathway Signed Proposal December 12 2023 · 12 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the plansanctionedper the debtor | Pathway Signed Proposal December 12 2023 · 12 Dec 2023 |
| Preferred | — | — | paid in full | Under the plansanctionedper the debtor | Pathway Signed Proposal December 12 2023 · 12 Dec 2023 |
| Unsecured | Deferred Creditors | — | no distribution | Under the plansanctionedper the debtor | Pathway Signed Proposal December 12 2023 · 12 Dec 2023 |
| Unsecured | Unsecured Creditors (Convenience Claim portion) | — | conditional | Under the plansanctionedper the debtor | Pathway Signed Proposal December 12 2023 · 12 Dec 2023 |
| Unsecured | Eastern Roof and Floor Truss Manufacturing (2008) Inc. | — | no distribution | Under the plansanctionedper the debtor | Pathway Signed Proposal December 12 2023 · 12 Dec 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Court Order Approving Proposal
| PDF · Subscribers | |
| Service Affidavit - Application for Court Approval Feb 21 2024 | PDF · Subscribers | |
Notice of Motion for Court Approval Jan 31 2024
| PDF · Subscribers | |
Report of the Proposal Trustee Jan 19 2024
| PDF · Subscribers | |
Pathway Construction Ltd - Creditors Package December 18 2023
| PDF · Subscribers | |
Pathway Signed Proposal December 12 2023
| PDF · Subscribers | |
| NOI Stay Extension Order | PDF · Subscribers | |
Final First Report of The Trustee - Extension
| PDF · Subscribers | |
Pathway Construction Ltd. Application for NOI Extension
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Report of the Proposal Trustee on the Proposal
| 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., “Pathway Construction Ltd.” (Proposal), Supreme Court of Newfoundland and Labrador. Retrieved 4 November 2026, https://proceedings.ca/case/pathway-construction-ltd