Application for Approval of Proposal to be heard February 14, 2023 — Application / notice of application
T&C Steel Ltd. and T&C Reinforcing Ltd.
- Proceeding
- NOIsection 62 of the Bankruptcy and Insolvency Act
- File
- BKY-RG-00228-2022
- Industry
- Construction · Specialty trade contractors
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.
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
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
Debtor
T&C Steel Ltd. and T&C Reinforcing Ltd.
Proposal trustee
Doane Grant Thornton
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 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canada Revenue Agency · in 985 casesdeemed trust class (CRA) — debtor: T & C Reinforcing Ltd. · as of 15 Aug 2022 | $525K | Notice to Creditors dated August 19, 2022 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
12 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. 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 | estimated | paid in fullconditional | Under the planper the proposal trustee | Notice to Creditors · 9 Dec 2022 |
| Deemed trustSource Deduction Creditors | Canada Revenue Agency | estimated | 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 debtor | Report of Trustee on Proposal · 27 Jan 2023 |
| Unsecured | T&C Pro-Rata Creditors | — | 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.
3 blurred figures 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 |
|---|---|---|
Application for Approval of Proposal to be heard February 14, 2023
| PDF · Subscribers | |
Report of Trustee on Proposal dated January 27, 2023
| PDF · Subscribers | |
Sanction Application Brief dated January 27, 2023
| PDF · Subscribers | |
| Notice of Hearing for Court Approval of Proposal dated January 20, 2023 | PDF · Subscribers | |
Notice to Creditors dated December 9, 2022
| PDF · Subscribers | |
Certificate of Filing dated December 2, 2022 - T&C Reinforcing
| PDF · Subscribers | |
Certificate of Filing dated December 2, 2022 T&C Steel
| PDF · Subscribers | |
| Fiat of the Court dated October 28, 2022 | PDF · Subscribers | |
| Brief of law - scheduled October 27, 2022 | PDF · Subscribers | |
| Draft Order to be heard October 27, 2022 | PDF · Subscribers | |
Service List dated October 25, 2022
| PDF · Subscribers | |
| Trustee's Second Report dated October 25, 2022 | PDF · Subscribers | |
| Affidavit of C Joinson sworn October 21, 2022 | PDF · Subscribers | |
Notice of Application dated October 21, 2022
| PDF · Subscribers | |
| Draft Order to be heard September 13, 2022 | PDF · Subscribers | |
| Draft Order to be heard September 13, 2022 - redline | PDF · Subscribers | |
Notice of Application to be heard September 13, 2022
| PDF · Subscribers | |
| Brief of law to be heard September 13, 2022 | PDF · Subscribers | |
| Trustee's First Report dated September 9, 2022 | PDF · Subscribers | |
| Affidavit of C Joinson sworn September 7, 2022 | PDF · Subscribers | |
Notice to Creditors dated August 19, 2022
| PDF · Subscribers | |
Certificate for the Notice of Intention dated August 15, 2022
| 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., “T&C Steel Ltd. and T&C Reinforcing Ltd.” (NOI). Retrieved 4 November 2026, https://proceedings.ca/case/t-c-steel-ltd-and-t-c-reinforcing-ltd