West Stone Quarries Inc.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- B-170129
West Stone Quarries Inc. has been the subject of insolvency proceedings in the Supreme Court of British Columbia since February 28, 2017, under court file B-170129, on the application of Stone West Quarries Inc., a 50 percent shareholder. Deloitte Restructuring Inc. is the trustee in bankruptcy and the matter remains active. The company's statement of affairs, as at March 7, 2017, showed assets of $123,149 on an estimated net realizable value basis before costs of realization, against unsecured claims of $809,811 excluding GST. The Canada Revenue Agency asserts a deemed trust of approximately $133,322 over source deductions and GST, after $102,426 garnished before bankruptcy, and British Columbia registered a $8,534 provincial sales tax lien on February 7, 2017. Related-party claims include $214,971 owing to Stone West, which is disputed and against which Stone West demanded $400,000 on February 10, 2017, $153,053 in royalties to West Stone Quarries Group Inc. and $46,176 to Brencin Management Group Inc. Eight unsecured creditors have filed proofs of claim totalling approximately $133,742, and three former employees claim $10,108 in severance.
The court granted an interim order on the day proceedings were commenced, opening court file B-170129 in the Supreme Court of British Columbia.
Debtor
West Stone Quarries Inc.
Trustee in bankruptcy
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (source deductions - deemed trust) · in 985 casesas of date of bankruptcy — Deemed trust claim over employee source deductions and GST, priority over all assets ahead of other security/creditor claims — Combined source deductions ($112,864) and GST ($122,884) less $102,426 garnished pre-bankruptcy = approx. $133,322 net balance owing; unclear how garnished funds allocated between source deductions and GST; remaining GST portion ranks unsecured, not deemed trust — debtor: West Stone Quarries Inc. | $133K | Trustee’s Preliminary Report dated March 16, 2017 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report dated March 16, 2017
| PDF · Subscribers | |
Creditor package
| PDF · Subscribers | |
Court Order dated February 28, 2017
| 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., “West Stone Quarries Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/west-stone-quarries-inc