#Filing
Application for Approval of Proposal to be heard February 14, 2023 — Application / notice of application
T&C Steel Ltd. and T&C Reinforcing Ltd.
FollowActive
- Proceeding
- NOIsection 62 of the Bankruptcy and Insolvency Act
- File
- BKY-RG-00228-2022
Filings held22
Last activity14 Feb 2023
On the record1,389 days
OverviewSummary updated
T&C Steel Ltd. and T&C Reinforcing Ltd. filed a notice of intention to make a proposal to their creditors on August 15, 2022, followed by the proposal itself on December 2, 2022, with Grant Thornton Limited acting as licensed insolvency trustee. The proceeding was brought under the Bankruptcy and Insolvency Act, including subsection 50.4(1), subsection 69(1) and section 62. Creditors of T & C Reinforcing Ltd. listed with claims of $250 or more include Canada Revenue Agency for $524,730.39 (a deemed trust claim), 101214535 Saskatchewan Ltd. for $444,109.33, Royal Bank of Canada for $165,000, and Dayton Superior for US$17,737.37.
Proceedings AIAsk this case — answers cite the filings
Case updates22 dated entries
#Report
The officer filed a report. Court file BKY-RG-00229-2022.
Source: Certificate of Filing dated December 2, 2022 - T&C Reinforcing
#Filing
T&C Steel Ltd. and T&C Reinforcing Ltd. filed their proposal to creditors on December 2, 2022.
Source: Certificate of Filing dated December 2, 2022 T&C Steel
#Filing
T&C Steel Ltd. and T&C Reinforcing Ltd. filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act on August 15, 2022.
Source: Certificate for the Notice of Intention dated August 15, 2022
Parties
Debtor
T&C Steel Ltd. and T&C Reinforcing Ltd.
Proposal trustee
Doane Grant Thornton
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDoane Grant Thornton | Bennett Jones LLP | 25 Oct 2022 | Service list · 25 Oct 2022 |
| ApplicantT&C Steel Ltd. and T&C Reinforcing Ltd. | Robertson Stromberg LLP | 13 Sep 2022 | Service list · 25 Oct 2022 |
| Secured creditor | MLT Aikins LLP | 25 Oct 2022 | Service list · 25 Oct 2022 |
| CreditorUnsecured | Kohner Mann & Kailas LLP | 25 Oct 2022 | Service list · 25 Oct 2022 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canada Revenue Agency · in 926 casesdeemed trust class (CRA) — debtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $525K | Notice to Creditors dated August 19, 2022 |
| Unsecured | 101214535 Saskatchewan Ltd. · in 2 casesdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $444K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Royal Bank of Canada · in 556 caseslisted among unsecured creditors; no security described in this document — debtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $165K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Dayton Superioraddress in Miamisburg OH USA; currency as stated not specified, assumed USD due to US address — debtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $17.7K USD | Notice to Creditors dated August 19, 2022 |
| Unsecured | National Concrete Accessories · in 10 casesdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $11.1K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Amanda Rotziendebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $10K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Premium Portable Washroomsdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $6.74K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Wallace Construction · in 2 casesdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $5.07K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Arrowheaddebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $2.45K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Workers Compensation Board · in 14 casesregulatory — debtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $2.3K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Greggsdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $1.88K | Notice to Creditors dated August 19, 2022 |
| Unsecured | Saskpower · in 22 casesdebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $906 | Notice to Creditors dated August 19, 2022 |
| Unsecured | Genscodebtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $342 | Notice to Creditors dated August 19, 2022 |
RecoveriesAs stated in the filings
Unsecured creditors: 10 % of proven claims. Canada Revenue Agency paid in full.Under the planSanction Application Brief · 27 Jan 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Source Deduction Creditors | $728Kestimated | paid in full | Under the planper the proposal trustee | Notice to Creditors · 9 Dec 2022 |
| Deemed trustSource Deduction Creditors | Canada Revenue Agency | $728Kestimated | paid in full | Under the planper the proposal trustee | Report of Trustee on Proposal · 27 Jan 2023 |
| Preferred | — | — | paid in full | Under the planper the proposal trustee | Notice to Creditors · 9 Dec 2022 |
| Unsecured | T&C Pro-Rata Creditors | — | 10 %of proven claimsconditional | Under the planper the proposal trustee | Sanction Application Brief · 27 Jan 2023 |
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.
Documents
22 filings
| Date | Document | File |
|---|---|---|
Application for Approval of Proposal to be heard February 14, 2023
| ||
Report of Trustee on Proposal dated January 27, 2023
| ||
Sanction Application Brief dated January 27, 2023
| ||
| Notice of Hearing for Court Approval of Proposal dated January 20, 2023 | ||
Notice to Creditors dated December 9, 2022
| ||
Certificate of Filing dated December 2, 2022 - T&C Reinforcing
| ||
Certificate of Filing dated December 2, 2022 T&C Steel
| ||
| Fiat of the Court dated October 28, 2022 | ||
| Brief of law - scheduled October 27, 2022 | ||
| Draft Order to be heard October 27, 2022 | ||
Service List dated October 25, 2022
| ||
| Trustee's Second Report dated October 25, 2022 | ||
| Affidavit of C Joinson sworn October 21, 2022 | ||
Notice of Application dated October 21, 2022
| ||
| Brief of law to be heard September 13, 2022 | ||
| Draft Order to be heard September 13, 2022 | ||
| Draft Order to be heard September 13, 2022 - redline | ||
Notice of Application to be heard September 13, 2022
| ||
| Trustee's First Report dated September 9, 2022 | ||
| Affidavit of C Joinson sworn September 7, 2022 | ||
Notice to Creditors dated August 19, 2022
| ||
Certificate for the Notice of Intention dated August 15, 2022
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “T&C Steel Ltd. and T&C Reinforcing Ltd.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/t-c-steel-ltd-and-t-c-reinforcing-ltd