#Order
Auction Approval and Vesting Order and Ancillary Relief was filed.
Source: Auction Approval and Vesting Order and Ancillary Relief
Peace Country Logging Ltd.
ActiveFollow
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 24-3351957
Filings held16
Last activity20 May 2026
On the record169 days
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 AIOpen Proceedings AI
Case updates16 dated entries
#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 | 6 orders, May 2026 – Jun 2026 | 19 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 985 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 | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
3 transactions · 2 approved · 1 proposed — 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 | Subscribers | 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 | Subscribers | Approved20 May 2026 | Approval and Vesting Order (Sale by Trustee) |
| end purchasers at auction, unnamedthe assets included under Schedule 'A' of this Order of the Debtor (the 'Auction Assets') · auction · agreement 28 Apr 2026 | not stated | Approved20 May 2026 | Auction Approval and Vesting Order and… |
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
Total liabilities at filing
As 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 plansDocuments
16 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order (Sale by Trustee)
| PDF · Subscribers | |
Auction Approval and Vesting Order and Ancillary Relief
| PDF · Subscribers | |
Affidavit of Service
| PDF · Subscribers | |
| WebEx Confirmation | PDF · Subscribers | |
Application
| PDF · Subscribers | |
Approval and Vesting Order Regarding G. Zacharias - Clean Copy
| PDF · Subscribers | |
Approval and Vesting Order Regarding J. Zacharias - Clean Copy
| PDF · Subscribers | |
Auction Approval and Vesting Order - Clean Copy
| PDF · Subscribers | |
| Bench Brief of the Trustee | PDF · Subscribers | |
Book of Authorities of the Trustee
| PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
Restricted Court Access Order
| PDF · Subscribers | |
Trustee's First Report to Court
| PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
First Meeting of Creditors Package
| PDF · Subscribers | |
| Certificate of Appointment | 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., “Peace Country Logging Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/peace-country-logging-ltd