Precambrian Wholesale (2010) Limited
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 21-1815918
Precambrian Wholesale (2010) Limited is bankrupt, the bankruptcy dated 29 November 2013 (file 21-1815918) in Manitoba, with Ernst & Young Inc. as trustee. Its statement of affairs, verified by affidavit of director Chief Larry Barker, reports total assets of $442,000 against total liabilities of $18,932,910, with all assets pledged to secured creditors; the trustee views a distribution to unsecured creditors as extremely unlikely. The principal secured creditors are Exchange Income Corporation and the Royal Bank of Canada, with combined secured claims of $4,681,000 stated in the statement of affairs and further contingent secured claims of $5,775,000; Nissan Canada Finance and Roynat hold registered interests in specific assets.
A claims procedure has been established — see the order for deadlines.
Certificate of Appointment was filed. Court file 21-1815918.
Source: Certificate of Appointment
Debtor
Precambrian Wholesale (2010) Limited
Trustee in bankruptcy
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Exchange Income Corporation (EIC) · in 2 casesPrincipal secured creditor; registered interest in PPR earlier in 2013; also secures guarantees given by PWL for debts owed to EIC by other TCIG group entities — Amount listed in Statement of Affairs is total amount owed to EIC by the entire TCIG group as at date of bankruptcy, not PWL-specific — debtor: Precambrian Wholesale (2010) Limited · as of 28 Nov 2013 | — | Minutes of the First Meeting of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 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 plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: no distribution.EstimatedMinutes of the First Meeting of Creditors · 19 Dec 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | secured creditors holding general security agreements | — | paid in full | Finalper the trustee | PWL notice to creditors · 21 Nov 2014 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Minutes of the First Meeting of Creditors · 19 Dec 2013 |
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 |
|---|---|---|
PWL notice to creditors
| PDF · Subscribers | |
| Proof of claim form | PDF · Subscribers | |
Minutes of the First Meeting of Creditors
| PDF · Subscribers | |
Sample proof of claim
| PDF · Subscribers | |
Creditor information 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., “Precambrian Wholesale (2010) Limited” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/precambrian-wholesale-2010-limited