Peace River Heating (1971) Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-2315743
- Industry
- Construction · Specialty trade contractors
Peace River Heating (1971) Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act in Alberta, court file 24-2315743, with MNP Ltd. as trustee. The Statement of Affairs (Form 78), as at November 15, 2017, reports total assets of $2,360,000.00 against total liabilities of $4,368,389.92, a deficiency of $2,008,389.92. Unsecured claims total $3,190,637.92 across 87 named creditors, the largest being HATCH Company at $675,990.00, Engineered Air at $514,041.15 and Bartle & Gibson Co. Ltd. at $313,506.00. Secured claims total $1,177,703.00 on List B: RBC Royal Bank at $1,107,703.00 under general security over the business assets, and Ford Credit Canada Limited with security valued at $70,000.00 on a 2017 Ford F350, with estimated surplus from security of $1,182,297.00 and no balance of claim shown. Preferred claims of $49.00 reflect 49 individuals each listed at $1.00. The estate remains active.
A claims procedure has been established — see the order for deadlines.
Undated filings1 — no date appears on the document · show
Debtor
Peace River Heating (1971) Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | RBC Royal Bank · in 54 casesGeneral security over business assets including accounts receivable, inventory, motor vehicles, equipment, trailers, containers, office equipment, and other assets (itemized list, estimated values ranging from $100 to $250,000 per asset) — Total secured claim $1,177,703.00 per Statement of Affairs List B total line (aggregated with Ford Credit line); this entry represents RBC's individually listed claim amount of $1,107,703.00; estimated total surplus from security $1,182,297.00; balance of claim $0.00 — debtor: Peace River Heating (1971) Ltd. · as of 15 Nov 2017 | $1.11M | Notice Package |
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
90 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: not yet estimated.Trustee's Report to Creditors · 1 Dec 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Trustee's Report to Creditors · 1 Dec 2017 |
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.
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 plans| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| PDF · Subscribers | |
Notice Package
| PDF · Subscribers | |
Blank Proof of Claim
| 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 River Heating (1971) Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/peace-river-heating-1971-ltd