Vista Medical Ltd.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 55 of The Court of King's Bench Act
- File
- CI24-01-48861
Vista Medical Ltd. has been under court-appointed receivership since October 4, 2024, when the Court of King's Bench of Manitoba appointed MNP Ltd. as receiver on the application of Royal Bank of Canada, under section 243(1) of the Bankruptcy and Insolvency Act and section 55 of The Court of King's Bench Act. The proceeding is active and carries court file number CI24-01-48861. A creditor mailing list dated November 8, 2024 records RBC Royal Bank as secured in the amount of $1,014,857.51, alongside unsecured trade, service and government claims. The largest unsecured amounts listed are Roktek Consulting Inc. at $54,572.51, Fed Ex Freight at $47,729.11, Laytec Design & Consulting Inc at $39,481.92, UPS Canada at $34,560.21 and Intertek Testing Services NA Ltd. at $33,704.92.
Court of King's Bench of Manitoba placed Vista Medical Ltd. into receivership on Friday, October 4, 2024, commencing the proceeding under file CI24-01-48861.
Source: Receivership Order
5 earlier updates, back to 4 October 2024 — subscribers.
Outcome brief
Vista Medical: the patents were the parent's, and the rest sold for $30,000
RBC was owed $1,014,857.51 when MNP Ltd. became receiver of the Winnipeg maker of pressure-mapping bedding; with the patents and the BodiTrak trademark owned by its US parent, the receiver sold what was left for $30,000 without a marketing process, and on August 18, 2026 reported that the payment to the bank, made against its own $50,000 funding certificate, is expected to be nominal.
Debtor
Vista Medical Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Grammond | Court of King's Bench of Manitoba | 1 order, Oct 2024 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Thompson Dorfman Sweatman LLP | 2 Oct 2024 | Application · 2 Oct 2024 |
| ApplicantRoyal Bank of Canada | Fillmore Riley LLP | 2 Oct 2024 | Application · 2 Oct 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated March 28, 2008 over all present and after-acquired personal property — Estimated balance owing; further interest and costs have accrued since that date. TDS legal opinion confirms security valid, enforceable and ranks in priority to all other creditors. Primary secured creditor. — debtor: Vista Medical Ltd. · as of 15 Aug 2024 | $1.01M | First Report of the Receiver Final - August 18 2026 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
WEPPA claims: no distribution. RBC a distribution.EstimatedFirst Report of the Receiver Final - August 18 2026 · 18 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | subordinate claims, including deemed trusts (CRA) and Service Canada WEPP subrogated claim | — | no distributionconditional | Estimatedper the receiver | First Report of the Receiver Final - August 18 2026 · 18 Aug 2026 |
| Secured | RBC | — | a distributionconditional | Estimatedper the receiver | First Report of the Receiver Final - August 18 2026 · 18 Aug 2026 |
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.
| Date | Document | File |
|---|---|---|
| Notice of Motion Discharge Final - August 24 2026 | PDF · Subscribers | |
First Report of the Receiver Final - August 18 2026
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of Kerry Orth | PDF · Subscribers | |
| Application Brief - Appoint Receiver Final | PDF · Subscribers | |
| Consent of MNP Ltd. | PDF · Subscribers | |
Filed - Notice of Application
| 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., “Vista Medical Ltd.” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 20 September 2026, https://proceedings.ca/case/vista-medical-ltd