#Order
Auction Approval and Vesting Order and Ancillary Relief was filed.
Source: Auction Approval and Vesting Order and Ancillary Relief
Peace Country Logging Ltd.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 24-3351957
Filings held16
Last activity20 May 2026
On the record124 days
Secured debt$84K
OverviewSummary updated
Peace Country Logging Ltd. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act before the Court of King's Bench of Alberta, commenced on May 20, 2026. The record for the matter carries a single step: an interim order pronounced that same day, May 20, 2026. The proceeding is recorded as active. No judicial centre is identified in the record, and nothing further has been entered against the file to date.
Proceedings AIAsk this case — answers cite the filings
Case updates17 dated entries
#Order
An interim order was pronounced on May 20, 2026, the commencement date of the bankruptcy and the only step recorded in the proceeding.
#Report
The officer filed report no. First Report. The Company generally ceased operations in November 2023 and is no longer operating; the Trustee is now proceeding to liquidate the remaining assets through auction and related-party sales.
Source: Trustee's First Report to Court
Parties
Debtor
Peace Country Logging Ltd.
Trustee in bankruptcy
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Lema | Court of King's Bench of Alberta | 2 orders, May 2026 – Jun 2026 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyMNP | McLennan Ross LLP | 11 May 2026 | Service list · 11 May 2026 |
| DebtorPeace Country Logging Ltd. | KMSC Law LLP | 11 May 2026 | Service list · 11 May 2026 |
| CreditorWoodland Cree First Nation General Delivery Cadotte Lake, AB T0H 0N0 | Witten LLP | 11 May 2026 | Service list · 11 May 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesas of date of bankruptcy (March 26, 2026) — Deemed Trust - all present and after-acquired property — Deemed trust (quasi-governmental) class per Table 3; however text states Company's books show no amounts owing to CRA for payroll source deductions and CRA has not filed a proof of claim as of report date - the $1,000 figure appears to be a nominal/estimated registration amount rather than a confirmed balance. — debtor: Peace Country Logging Ltd. | $1K | Trustee's Report to Creditors |
| 4 | Secured | Bennington Financialas of date of bankruptcy (March 26, 2026) — Secured - specific serial number registration (2022 FAE SFH/HP 250 Mulcher, and other equipment previously subject to security) — Mulcher was repossessed by Bennington post-bankruptcy; Trustee has directed enforcement to cease pending review. Certain other equipment previously subject to this security was sold/paid out prior to bankruptcy; dispositions not independently verified by Trustee. — debtor: Peace Country Logging Ltd. | $84K | Trustee's Report to Creditors |
| 4 | Secured | The Bank of Nova Scotia · in 110 casesas of date of bankruptcy (March 26, 2026) — Secured - specific serial number registration (2022 GMC Sierra, and other equipment previously subject to security) — Vehicle in possession of Company directors who have expressed interest in purchasing it. Other equipment (2021 Tigercat) previously subject to this security was sold prior to bankruptcy; dispositions not independently verified by Trustee. — debtor: Peace Country Logging Ltd. | $54K | Trustee's Report to Creditors |
| 4 | Secured | Ford Credit Canada · in 16 casesas of date of bankruptcy (March 26, 2026) — Secured - specific serial number registration (2022 Ford F-150) — Vehicle held in secure yard; to be realized for estate benefit subject to secured creditor's rights and stakeholder/inspector approvals. — debtor: Peace Country Logging Ltd. | $33K | Trustee's Report to Creditors |
| 4 | Secured | Canadian Western Bank · in 80 casesas of date of bankruptcy (March 26, 2026) — Secured - general security agreement over all present and after-acquired property — Table 3 lists an estimated claim of $1,000, but the Trustee states 'we understand there are no amounts owing to CWB' - treated as a nil balance per the text; the $1,000 figure appears to be a nominal registration placeholder. — debtor: Peace Country Logging Ltd. | $0 | Trustee's Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported, includes above-named plus additional unidentified creditors) · in 532 casesas of Statement of Affairs as at March 11, 2026 — Total of approximately 7 potential unsecured creditors per Company's books and records; only the three highest (Woodland Cree First Nation, CRA-GST, Remote Waste LP) are individually named in the report - the remaining ~4 creditors are not itemised. Table 5 restates this as $9,849 (000's) 'per Statement of Affairs'. — debtor: Peace Country Logging Ltd. | $9.85M | Trustee's Report to Creditors |
| 8 | Unsecured | Woodland Cree First Nationas of date of bankruptcy (March 26, 2026) — Disputed claim - Company disputes the quantum; underlying legal action claims damages in excess of $2.5M with amount to be proven at trial; estimated claim used here is based on an attachment order registration at PPR, not an adjudicated amount. — debtor: Peace Country Logging Ltd. | $9.46M | Trustee's Report to Creditors |
| 8 | Unsecured | Canada Revenue Agency (GST) · in 926 casesas of date of bankruptcy (March 26, 2026) — Listed separately from the secured deemed-trust CRA claim (payroll source deductions); this entry relates to GST. — debtor: Peace Country Logging Ltd. | $269K | Trustee's Report to Creditors |
| 8 | Unsecured | Remote Waste LPas of date of bankruptcy (March 26, 2026) — One of the top three unsecured creditors identified by the Trustee. — debtor: Peace Country Logging Ltd. | $105K | Trustee's Report to Creditors |
Sale processAs stated in the filings
3 transactions · 2 proposed · 1 approved — The Auction Agreement and Auction Sale are hereby approvedAuction Approval and Vesting Order and Ancillary Relief · 20 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| George Zachariasthe Related Party Assets · asset sale · nominee/assignee: or their nominee | SealedProposed purchase price detailed in sealed Confidential Appendix 3 (proposed transaction summary for George Zacharias). | Proposed | Trustee's First Report to Court |
| end purchasers at online auction, unnamedthe Auction Assets · auction | not stated | Proposed | Trustee's First Report to Court |
| John Zachariasthe assets included under Schedule 'B' of this Order (the 'Purchased Assets') · asset sale · nominee/assignee: or their nominee | SealedProposed purchase price detailed in sealed Confidential Appendix 2; paragraph references John Zacharias funding outstanding secured indebtedness of approximately $54,248 plus $2,000 net equity value for a vehicle. | Approved20 May 2026 | Approval and Vesting Order (Sale by Trustee) |
AdvisorsG.D. Auctions & Appraisals Inc. (auctioneer)Auction Approval and Vesting Order and Ancillary Relief
Closing termsUpon the closing of the transactions contemplated by the Auction Sale, the Trustee shall file with the Clerk of the Court, the Trustee's CertificateAuction Approval and Vesting Order and Ancillary Relief
Estate financialsReported figures — never derived
Total assets at filing$520K
Total liabilities at filing$10M
As at 26 Mar 2026 · per Statement of Affairs, as stated and estimated by bankrupt/debtor · entity - Peace Country Logging Ltd — Assets: accounts receivable estimated realizable value 2,861.17; machinery and equipment 321,300.00; vehicles 196,248.00. Liabilities: secured creditors 170,936.47; unsecured creditors 9,848,986.94; surplus shown as 9,499,514.24 (liabilities exceed assets).
Documents
16 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order (Sale by Trustee)
| ||
Auction Approval and Vesting Order and Ancillary Relief
| ||
| Affidavit of Service | ||
| WebEx Confirmation | ||
Application
| ||
| Approval and Vesting Order Regarding G. Zacharias - Clean Copy | ||
| Approval and Vesting Order Regarding J. Zacharias - Clean Copy | ||
| Auction Approval and Vesting Order - Clean Copy | ||
| Bench Brief of the Trustee | ||
Book of Authorities of the Trustee
| ||
Letter to Service List
| ||
Restricted Court Access Order
| ||
Trustee's First Report to Court
| ||
Trustee's Report to Creditors
| ||
First Meeting of Creditors Package
| ||
| Certificate of Appointment | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Peace Country Logging Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/peace-country-logging-ltd