Sekwod Enterprises (2012) Ltd

Sekwod Enterprises (2012) Ltd. has been in bankruptcy under the Bankruptcy and Insolvency Act since December 20, 2023, with MNP Ltd. acting as Licensed Insolvency Trustee under Supreme Court of British Columbia file no. 11-3023835. The estate's principal claim is that of Bank of Montreal, estimated on the Statement of Affairs at $3,790,478.58, secured by general collateral over all present and after-acquired personal property of Sekwod and all proceeds derived from dealings involving the company. BMO has not filed a proof of claim to date and has guaranteed the Trustee's fees. Two unsecured creditors received notice of the bankruptcy; no proofs of claim had been filed as of the date of the Trustee's report, and any distribution will depend on claims filed and admitted. The proceeding remains active.