Prairie Distributors Inc., Prairie Distributors (BC) Inc. and Prairie Distributors Central Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1601-08440
Prairie Distributors Inc., Prairie Distributors (BC) Inc. and Prairie Distributors (Central) Inc. remain in active insolvency proceedings. Bank of Nova Scotia holds a secured claim of CAD $1,669,503 as at August 31, 2016, with interest and costs continuing to accrue, under a security agreement granted by Prairie in favour of BNS dated April 9, 2012; a legal opinion confirms a valid and binding obligation enforceable in Saskatchewan, Alberta and British Columbia. A Canada Revenue Agency audit of the pre-receivership payroll accounts for January 1 to June 30, 2016 produced a deemed trust claim of CAD $13,005.23, which the Receiver has paid. WorkSafe BC submitted a priority claim of approximately $40,000 in August 2016 on the pre-receivership account of Prairie Distributors (BC) Inc.
Debtor
Prairie Distributors Inc., Prairie Distributors (BC) Inc. and Prairie Distributors Central Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Nova Scotia (BNS) · in 71 casesSecurity Agreement granted by Prairie in favour of BNS dated April 9, 2012; legal opinion confirms valid and binding obligation enforceable in Saskatchewan, Alberta and British Columbia — Interest and costs continuing to accrue as at the stated date — debtor: Prairie Distributors Inc., Prairie Distributors (BC) Inc., Prairie Distributors (Central) Inc. · as of 31 Aug 2016 | $1.67M | First and final report of the receiver and manager |
| 8 | Unsecured | Worksafe BC · in 31 casesApproximately $40,000; priority claim, described as a priority claim (not ordinary unsecured); company assigned into bankruptcy as a result of this claim — debtor: Prairie Distributors (BC) Inc. · as of 1 Aug 2016 | $40K | First and final report of the receiver and manager |
| 8 | Unsecured | Canada Revenue Agency (CRA) · in 926 casesDeemed trust claim (priority class) — debtor: Prairie Distributors Inc., Prairie Distributors (BC) Inc., Prairie Distributors (Central) Inc. · as of 30 Jun 2016 | $13K | First and final report of the receiver and manager |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
First and final report of the receiver and manager
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Prairie Distributors Inc., Prairie Distributors (BC) Inc. and Prairie Distributors Central Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/prairie-distributors-inc-prairie-distributors-bc-inc-and-prairie-distributors-ce