#Claims
A claims process was approved, the most recent step recorded in the file, which remains active. The record also carries this date as a commencement date.
Source: Blank Proof of Claim
Peace River Heating (1971) Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 24-2315743
OverviewSummary updated
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.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Claims process approved in the estate, dated to the November 15, 2017 commencement, the same date as the Statement of Affairs figures sworn for the bankrupt company.
Source: Notice Package
#Report
A court officer filed a report, the earliest entry on the Alberta file, dated the same day the record gives as commencement.
Source: Trustee's Report to Creditors
Parties
Debtor
Peace River Heating (1971) Ltd.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank · in 52 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 |
90 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Unsecured 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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| 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 20 September 2026, https://proceedings.ca/case/peace-river-heating-1971-ltd