Western Rocky Mountain Industries Ltd. & 0951980 B.C. Ltd.
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- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and Section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253, as amended (the "LEA")
- File
- VLC-S-H-190538
Filings held11
Last activity29 Jul 2020
On the record3,514 days
Secured debt$2.5M
OverviewSummary updated
Western Rocky Mountain Industries Ltd. and 0951980 B.C. Ltd. are in court-appointed receivership in the Supreme Court of British Columbia, under file numbers S-H-12707 and VLC-S-H-190538. On application by Royal Bank of Canada, the court issued a receivership order on February 6, 2017, appointing Grant Thornton Limited as Receiver-Manager under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act. A further application was filed in the proceeding on July 2, 2020. The matter has come before Justices Iyer, Jenkins, and Winteringham.
Proceedings AIAsk this case — answers cite the filings
Case updates11 dated entries
#Sale
The court granted an approval and vesting order. Closing terms, as extracted: vacant possession delivered at 12:00 noon on the Possession Date, subject to permitted encumbrances.
#Order
On February 6, 2017, the Supreme Court of British Columbia issued a receivership order on Royal Bank of Canada's application, appointing Grant Thornton Limited as Receiver-Manager.
Parties
Debtor
Western Rocky Mountain Industries Ltd. & 0951980 B.C. Ltd.
Receiver
Doane Grant Thornton
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesTwo PPSA security registrations dated March 17, 2015 (per BC PPR search as at March 12, 2019) — Approximate amount owed 'according to its Bankruptcy Application' as at October 24, 2019; Receiver states RBC will suffer significant shortfall given funds available for distribution. — debtor: Western Rocky Mountain Industries Ltd. · as of 24 Oct 2019 | $2.5M | Third and Final Report to Court dated June 29, 2020.pdf |
| 4 | Secured | Royal Bank of Canada · in 556 casesOne PPSA security registration dated March 17, 2015 (per BC PPR search as at March 12, 2019) — Security registered against 095 but no separate balance stated for this debtor. — debtor: 0951980 B.C. Ltd. | — | Third and Final Report to Court dated June 29, 2020.pdf |
| 4 | Secured | Her Majesty the Queen in Right of the Province of British Columbia · in 2 casesCrown Charge registered November 6, 2018 in respect of BC provincial sales tax (PST) — Province later filed an unsecured claim in the WRMI bankruptcy proceedings in respect of its PST claim, indicating the Crown Charge claim was ultimately pursued as unsecured. — debtor: Western Rocky Mountain Industries Ltd. · as of 6 Nov 2018 | — | Third and Final Report to Court dated June 29, 2020.pdf |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesas of Bankruptcy Order date (2019-11-20) — Deemed trust claim; paid in full by the Receiver as a known priority claim ahead of ordinary unsecured claims. — debtor: Western Rocky Mountain Industries Ltd. | $28.8K | Third and Final Report to Court dated June 29, 2020.pdf |
| 8 | Unsecured | Wage Earner Protection Program (WEPP) claimants · in 5 casesas of Bankruptcy Order date (2019-11-20) — Super priority employee wage claim; paid in full by the Receiver. — debtor: Western Rocky Mountain Industries Ltd. | $1.59K | Third and Final Report to Court dated June 29, 2020.pdf |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesDeemed trust claim; only partially satisfied from 095's realizations of $977 (full amount of the proven claim not stated). — debtor: 0951980 B.C. Ltd. | — | Third and Final Report to Court dated June 29, 2020.pdf |
| 8 | Unsecured | Her Majesty the Queen in Right of the Province of British Columbia · in 2 casesAmount of the filed unsecured PST claim not stated in this report. — debtor: Western Rocky Mountain Industries Ltd. | — | Third and Final Report to Court dated June 29, 2020.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Sale processAs stated in the filings
Approval pending — Receiver recommends Court grant Approval and Vesting Order authorizing sale of the Property to Lime CreekSecond Report to Court dated July 24, 2019.PDF · 24 Jul 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Lime Creek Logging Ltd.the Property located at 805A Highway 3 in Grand Forks, British Columbia · real property · agreement 2 Jul 2019 | $575K | Proposed | Second Report to Court dated July 24, 2019.PDF |
AdvisorsAble Auctions (auctioneer)Second Report to Court dated July 24, 2019.PDF
Closing termsvacant possession delivered at 12:00 noon on the Possession Date, subject to permitted encumbrancesApproval and Vesting Order - August 22, 2019.PDF
RecoveriesAs stated in the filings
Royal Bank of Canada: shortfall.Notice of Application filed July 2, 2020.pdf · 2 Jul 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Royal Bank of Canada | — | shortfall | per the receiver | Notice of Application filed July 2, 2020.pdf · 2 Jul 2020 |
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.
Fees and ratesAs stated in the filings
2 engagements · 1 firm — latest: Lawson Lundell LLP, 1 Mar 2019 – 3 Apr 2020, $32,650.00 in feesAffidavit #3 of M. Wentzell, sworn July 29, 2020.pdf · 29 Jul 2020
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lawson Lundell LLPCounselperiod 2 of 2 | 1 Mar 2019 – 3 Apr 2020 | — | $32,650.00ex. tax | not stated | Affidavit #3 of M. Wentzell, sworn July 29, 2020.pdf · 29 Jul 2020 | |||||||||||||||
| Lawson Lundell LLPCounselperiod 1 of 2 | to 4 Jul 2019 | — | $6,596.50ex. tax | $465 – $5502 people | Affidavit #3 of M. Wentzell, sworn July 29, 2020.pdf · 29 Jul 2020 | |||||||||||||||
2 people — Lawson Lundell LLP, to 4 Jul 2019
| ||||||||||||||||||||
Top rate $550 · 26th percentile of counsel rates, 2019 · of 24
Documents
11 filings
| Date | Document | File |
|---|---|---|
Affidavit #3 of M. Wentzell, sworn July 29, 2020.pdf
| ||
Order Made After Application - July 16, 2020
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Notice of Application filed July 2, 2020.pdf
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Third and Final Report to Court dated June 29, 2020.pdf
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Approval and Vesting Order - August 22, 2019.PDF
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Order Made After Application - August 22, 2019.PDF
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Second Report to Court dated July 24, 2019.PDF
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Order Made After Application - July 15, 2019.PDF
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First Report to Court dated July 2, 2019.PDF
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| Consent Order dated March 18, 2019.pdf | ||
Receivership Order dated February 6, 2017.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Western Rocky Mountain Industries Ltd. & 0951980 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/western-rocky-mountain-industries-ltd-0951980-b-c-ltd