Ultinon Motion Commercial Canada Inc.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act (Canada)
- File
- 11-3341049
Ultinon Motion Commercial Canada Inc. is in bankruptcy in the Supreme Court of British Columbia, having made a voluntary assignment in bankruptcy on February 23, 2026 under section 49 of the Bankruptcy and Insolvency Act (Canada). The assignment, rather than a creditor application, commenced the proceeding, which remains active. The record to date consists of the assignment itself and a court officer report filed the same day; no further steps have been recorded.
Recorded the Company's voluntary assignment in bankruptcy of February 23, 2026, the step that commenced this proceeding under section 49 of the BIA.
Debtor
Ultinon Motion Commercial Canada Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesDeemed trust over unremitted payroll source deductions, ranking in priority to all other creditors — Deemed trust claim; figure per CRA letters obtained by Trustee, not confirmed by proof of claim; Trustee to correspond with CRA to confirm deemed trust amounts — debtor: Ultinon Motion Commercial Canada Ltd. | $59.3K | Ultinon - Trustee's Preliminary Report to Creditors |
| 4 | Secured | Wage earners (BIA s.81.3(1) super-priority) · in 16 casesStatutory security to a maximum of $2,000 per employee over current assets — Company reported all employees received full wages/vacation pay and proper notice; Trustee does not expect any claims from wage earners — debtor: Ultinon Motion Commercial Canada Ltd. | — | Ultinon - Trustee's Preliminary Report to Creditors |
| 4 | Secured | Banco Santander, S.A.Blanket PPSA registration over all present and after-acquired personal property and proceeds thereof — Registration confirmed via BC Personal Property Registry search dated Feb 17, 2026; no proof of claim received as of date of report; amount not stated — debtor: Ultinon Motion Commercial Canada Ltd. · as of 17 Feb 2026 | — | Ultinon - Trustee's Preliminary Report to Creditors |
| 4 | Secured | Credit Agricole Leasing and FactoringBlanket PPSA registration over all present and after-acquired personal property and proceeds thereof — Company's accounts receivable reportedly sold to this creditor prior to bankruptcy (see page 2); no proof of claim received as of date of report; amount not stated — debtor: Ultinon Motion Commercial Canada Ltd. · as of 17 Feb 2026 | — | Ultinon - Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Contingent creditors (aggregate) - Deva Capital Investments Company S.L.U. and KTRI Holdings Inc. · in 5 casesas of Statement of Affairs as filed in bankruptcy — Company reports it was an obligor on loans advanced by these two entities to the Ultinon Group, but received none of the funds advanced; contingent/disputed status; aggregate figure not broken down between the two named creditors — debtor: Ultinon Motion Commercial Canada Ltd. | $164M | Ultinon - Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs as filed in bankruptcy — Document names no individual unsecured creditors; only $147,443 in proofs of claim (three proofs) had been filed as of date of report — debtor: Ultinon Motion Commercial Canada Ltd. | $1.05M | Ultinon - Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Canada Revenue Agency (CRA) - Corporate Taxes · in 926 casesRanks as general unsecured claim per Trustee; no proof of claim received as of date of report — debtor: Ultinon Motion Commercial Canada Ltd. | $244K | Ultinon - Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Canada Revenue Agency (CRA) - GST/HST · in 926 casesRanks as general unsecured claim per Trustee; no proof of claim received as of date of report — debtor: Ultinon Motion Commercial Canada Ltd. | $51.4K | Ultinon - Trustee's Preliminary Report to Creditors |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
per Statement of Affairs as filed (unaudited); only $147,443 confirmed via proofs of claim filed to date · entity - Ultinon Motion Commercial Canada Ltd. — as at Statement of Affairs as filed in bankruptcy — Liabilities total per SOA comprised of: Secured creditors $40,001; Preferred creditors Nil; Unsecured creditors $1,048,175; Contingent/Trust claims or other $164,382,280. Assets not summed to a total in the document: accounts receivable estimated at $40,000 and cash on hand of $4,100 reported separately; AR reportedly sold to Credit Agricole Leasing and Factoring pre-bankruptcy and subject to Trustee review for estate recovery.
| Date | Document | File |
|---|---|---|
Ultinon - Trustee's Preliminary Report to Creditors
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Ultinon Motion Commercial Canada Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/ultinon-motion-commercial-canada-inc