Spider Lake Rock and Gravel Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act, commenced 20 September 2022 in the Supreme Court of British Columbia under court file 11-2866898, with MNP Ltd. acting as Licensed Insolvency Trustee. The Statement of Affairs, stated and estimated by the trustee as at 19 September 2022, puts total assets at $658,426.00 against total liabilities of $681,352.30, a deficiency of $22,926.30, with preferred creditors and contingent and trust liabilities both nil. Secured claims include $136,242.59 owed to Klaus and Elisabeth Schmitt against crushing, screening and loading machinery, $110,000.00 to Caterpillar Financial Services Ltd. against a 2009 John Deere 350D, and $30,000.00 to TD Auto Finance (Canada) Inc. against a 2019 Dodge Ram 3500. The largest unsecured claims are a $92,000.00 shareholder loan from Thomas Gray, $91,720.43 to Roc-Tech Contracting (2011) Ltd. and a $50,000.00 CEBA loan through CIBC. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. SLRG ceased normal operations after the land owner locked the gates to the Quarry in June 2022 following termination of the operating agreement; the Trustee is now working to secure and realize the company's remaining assets and collect receivables. Court file 11-2866898.
Debtor
Spider Lake Rock and Gravel Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Klaus & Elisabeth SchmittBusiness Assets - Machinery: Finlay J1160 Jaw Crusher (TRX1160JTOM30237), 2000 Kawasaki Loader (97C35853), Cat Loader 966H (TEL01883), 2001 Komatsu Excavator PC300-HD-C-LE (A830009), Chieftan 1700 Screen Plant (PID00129ADGA91294), 2015 Terex Finlay C1540 Cone Crusher (TRX1540CHOMD16211) — Also listed as unsecured creditor for unpaid royalties ($17,609.26) and personal loans ($22,395.85 and $3,800.00) separately — debtor: Spider Lake Rock and Gravel Ltd. · as of 19 Sep 2022 | $136K | Statement of Affairs |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
25 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Notice of Bankruptcy
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
| Checklist for Completing a Proof of Claim | PDF · Subscribers | |
| Proof of Claim Form | 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., “Spider Lake Rock and Gravel Ltd.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/spider-lake-rock-and-gravel-ltd
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/spider-lake-rock-and-gravel-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.