R. Litz & Sons Company Limited
- Proceeding
- Interim receivershipsection 47.1(1) of the BIA and section 55 of the Court of Queen's Bench Act
- File
- BK 17-01-04511
- Industry
- Construction · Specialty trade contractors
R. Litz & Sons Company Limited, a Manitoba debtor, remains in active insolvency proceedings. A Statement of Affairs (Form 78) as at December 8, 2017 puts total assets at $12,788,039.00 against total liabilities of $17,607,870.80, a stated deficiency of $4,819,831.80, with no preferred, contingent or trust claims reported. Secured claims are led by Canadian Western Bank, which claims $8,700,000.00 against security estimated at $5,012,000.00 over machinery and equipment, accounts receivable of $1,703,977.00, cash of $196,528.00, real property at 120 Softley Road, Winnipeg valued at $200,000.00 and a $1,000,000.00 contingent claim in Court No. CI 17-01-11004. Equipment lessors Element Financial Inc. (ECN), Tribucore Capital Inc. and Business Development Bank of Canada claim $5,133,221.00, $1,386,000.00 and $1,063,163.00; their unsecured balances are also listed among unsecured creditors, alongside a $100,000.00 Canada Revenue Agency GST claim.
A claims procedure has been established — see the order for deadlines.
Notice of Motion (to extend Mareva Injunction to Nov 16, 2017) — Application / notice of application
Notice of Motion (to extend Stay Period to Dec 15, 2017) — Application / notice of application
The court appointed PricewaterhouseCoopers Inc. as Interim Receiver, on the application of R. Litz & Sons Company Limited. Court file BK 17-01-04511.
Source: Interim Receivership Order
Notice of Motion (without notice to appoint PwC as Interim Receiver) — Application / notice of application
Notice of Motion (to extend Stay Period to Oct 31, 2017) — Application / notice of application
Certificate of Filing of a Notice of Intention to Make a Proposal was filed. Court file 21-2284326.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal
Debtor
R. Litz & Sons Company Limited
Interim receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Edmond | Court of King's Bench of Manitoba | 4 orders, Oct 2017 – Dec 2017 | 7 cases on record |
| Justice Dewar | Court of King's Bench of Manitoba | 4 orders, Oct 2017 – Nov 2017 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Interim receiverPwC | Taylor McCaffrey LLP | 9 Feb 2018 | Application · 9 Feb 2018 |
| DebtorR. Litz & Sons Company Limited | Pitblado LLP | 9 Feb 2018 | Application · 9 Feb 2018 |
| CreditorCANADIAN WESTERN BANK | Fillmore Riley LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| CreditorECN FINANCIAL INC | MLT Aikins LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| CreditorELEMENT FINANCIAL CORPORATION | MLT Aikins LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| CreditorINTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCING IRONWORKERS LOCAL UNION 728 895A Century Street Winnipeg, MB R3H 0M3 | Myers Weinberg LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| CreditorSeptember 11, 2017 | Pitblado LLP | 13 Sep 2017 | Application · 13 Sep 2017 |
| CreditorSTRIDE CAPITAL CORP | Tapper Cuddy LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| CreditorTRIBUCORE CAPITAL INC | Tapper Cuddy LLP | 30 Oct 2017 | Application · 30 Oct 2017 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Element Financial Inc. (ECN) · in 2 casesBusiness Assets - Machinery/Equipment; Lease Agreement; claim of $5,133,221.00 with estimated security value $3,250,000.00 — Balance of claim after estimated security value applied, per List B — debtor: R. Litz & Sons Company Limited · as of 8 Dec 2017 | $1.88M | Statement of Affairs with List of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
155 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · sanctionedSupplement to Report of Trustee on Proposal (Form 40) · 26 Jan 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Unsecured Creditors (under the Proposal) | — | Under the plansanctionedper the proposal trustee | Supplement to Report of Trustee on Proposal (Form 40) · 26 Jan 2018 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs 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 |
|---|---|---|
| R. Litz Default Notice - Signed | PDF · Subscribers | |
| Litz Cover Letter re Default March 28 2019 | PDF · Subscribers | |
| Decision of the Court (re: Ramdath’s leave denied) | PDF · Subscribers | |
Notice of Appeal
| PDF · Subscribers | |
| Approval Order (approving Amended Proposal) | PDF · Subscribers | |
| Motion Brief of the Proposal Trustee | PDF · Subscribers | |
Supplement to Report of Trustee on Proposal (Form 40)
| PDF · Subscribers | |
| Motion of Peter Ramdath to Oppose to Amended Proposal | PDF · Subscribers | |
Report of Trustee on Proposal (Form 40)
| PDF · Subscribers | |
| Hearing Notice | PDF · Subscribers | |
| Amended Proposal | PDF · Subscribers | |
General Proxy
| PDF · Subscribers | |
Notice of Proposal
| PDF · Subscribers | |
Notice of the Proposal and a General Meeting of Creditors
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Trustee’s Report on the Proposal
| PDF · Subscribers | |
Voting Letter
| PDF · Subscribers | |
| Proposal | PDF · Subscribers | |
Statement of Affairs with List of Creditors
| PDF · Subscribers | |
The Third Extension Order
| PDF · Subscribers | |
Order for Mareva Injunction (extending until further order of the Court)
| PDF · Subscribers | |
The Second Extension Order
| PDF · Subscribers | |
| Third Report | PDF · Subscribers | |
Endorsement Sheet of Justice Dewar
| PDF · Subscribers | |
| Notice of Motion (to extend Mareva Injunction to until further order) | PDF · Subscribers | |
Order for Mareva Injunction (extending to Nov 21, 2017)
| PDF · Subscribers | |
Notice of Motion (to extend Mareva Injunction to Nov 16, 2017)
| PDF · Subscribers | |
The First Extension Order
| PDF · Subscribers | |
Notice of Motion (to extend Stay Period to Dec 15, 2017)
| PDF · Subscribers | |
| Exhibit E to SAPS - Part 1 of 2 | PDF · Subscribers | |
| Exhibit E to SAPS - Part 2 of 2 | PDF · Subscribers | |
| Exhibit F - P to SAPS | PDF · Subscribers | |
| Exhibits A - D to SAPS | PDF · Subscribers | |
| Exhibits AA - MM to SAPS | PDF · Subscribers | |
| Exhibits Q - Z to SAPS | PDF · Subscribers | |
Interim Receivership Order
| PDF · Subscribers | |
Order for Mareva Injunction
| PDF · Subscribers | |
| Second Report | PDF · Subscribers | |
| Supplemental Affidavit of Patrick Szypowski (“SAPS”) | PDF · Subscribers | |
| Affidavit of Bill Litz | PDF · Subscribers | |
| Affidavit of Crhistine Proulx | PDF · Subscribers | |
| Affidavit of Will Litz | PDF · Subscribers | |
| Company's Undertaking as to Damages to Peter Ramdath | PDF · Subscribers | |
| Consent to Appointment as Interim Receiver | PDF · Subscribers | |
| Motions Brief of R. Litz & Sons Company Limited | PDF · Subscribers | |
| Notice of Motion (without notice to appoint PwC as Interim Receiver) | PDF · Subscribers | |
Notice of Motion (to extend Stay Period to Oct 31, 2017)
| PDF · Subscribers | |
| First Report | PDF · Subscribers | |
| Affidavit of Patrick Szypowski | PDF · Subscribers | |
Notice of the Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal
| 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., “R. Litz & Sons Company Limited” (Interim receivership). Retrieved 5 November 2026, https://proceedings.ca/case/r-litz-sons-company-limited