Sonic Enclosures Ltd.
- Proceeding
- NOIsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 11-3408209
- Industry
- Manufacturing · Metals & fabrication
Sonic Enclosures Ltd. filed a notice of intention to make a proposal under s. 50.4 of the Bankruptcy and Insolvency Act, and the British Columbia proceedings remain active. The accompanying list of creditors, capturing claims of $250 or more per the company's records, shows Accord Financial at $1,937,064, a BDC loan at $580,000 and VW Credit Canada Inc. at $50,000 among secured creditors. The largest unsecured claims are Advantec Marine at $223,875.84, Marcon at $206,242.35, Vlad Ghelesel at $145,000, Babcock Welding & Fabrication at $78,757.25, Advanced Bending Technologies at $66,000, Rick Hoving at $61,738.69 and Doug Jensen at $50,000. WCB is listed at $30,827.68 and The Bank of Nova Scotia at $21,000.
A further order was granted on October 22, 2026, following the proposal trustee's second report; Sonic remains in its notice of intention proceedings with Ernst & Young Inc. as trustee.
Source: Stay Extension
Proposal trustee's second report put four SISP offers under review, cash at $8,730 as at October 9, 2026 and $190,000 drawn of the $250,000 interim facility, backing an extension to November 27, 2026.
Justice Brongers approved a sale and investment solicitation process for all or substantially all of the company's assets, with a bid deadline of October 2, 2026 and an outside date of November 15, 2026.
Sonic Enclosures Ltd. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on August 7, 2026, with Ernst & Young Inc. as proposal trustee.
Filing brief
Sonic Enclosures: $401 in the bank and four weeks to find a buyer
Two days after BDC took judgment on a $556,426.60 claim, a Chilliwack enclosure manufacturer filed a notice of intention. On Monday it asks the B.C. Supreme Court to stretch its stay to October 23, approve a $100,000 administration charge and a four-week sale process, and let its senior lender advance $250,000 at 2% a month — against a cash flow forecast that opens with $401.
Debtor
Sonic Enclosures Ltd.
Proposal trustee
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Accord Financial Canada Corp. · in 6 casesas of NOI filing date — General security agreement over all assets and undertakings of Sonic — Referred to as the 'Accord Debt'; senior secured lender; intercompany agreement between Accord and BDC confirms priority of Accord Debt over BDC Debt; also provided post-filing Interim Financing Facility (see interim financing term sheet) — debtor: Sonic Enclosures Ltd. | $1.94M | First Report of the Proposal Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
68 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 plansSale process approved — Sale and investment solicitation process approved by the Court on August 31, 2026 and conducted by the Proposal Trustee; Sonic seeks a proposal-deadline extension to finalize its review of options originating from the SISP and work towards implementing a transaction. No bid selected or transaction approved in the visible text.Second Report of the Proposal Trustee · 19 Oct 2026
As at ·
Cumulative receipts
$380K
As at 19 Oct 2026Second Report of the Proposal Trustee
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total 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 |
|---|---|---|
| Affidavit #3 of Matei Ghelesel Filed | PDF · Subscribers | |
Notice of Motion (APA Approval)
| PDF · Subscribers | |
Stay Extension
| PDF · Subscribers | |
Affidavit #2 of Matei Ghelesel
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidait of Jacqueline Kirzner | PDF · Subscribers | |
| Affidavit of Akshdeep Singh | PDF · Subscribers | |
Sonic Enclosures Ltd. - Court Order
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Sonic Enclosures Ltd. - SISP - August 28, 2026
| PDF · Subscribers | |
| Affidavit #1 of Matei Ghelesei - 08 Aug 2026 | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Requisition to Open a File
| PDF · Subscribers | |
| Service List - 27 Aug 2026 | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Office of the Superintendent of Bankruptcy - Certificate of Filing 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., “Sonic Enclosures Ltd.” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/sonic-enclosures-ltd