Westside Preparatory Society
- Proceeding
- Bankruptcysection 43 of the Bankruptcy and Insolvency Act
- File
- 11-2934243
Westside Preparatory Society was petitioned into bankruptcy on April 11, 2023 by 0946664 B.C. Ltd. under section 43 of the Bankruptcy and Insolvency Act, with MNP Ltd. appointed trustee in the Supreme Court of British Columbia in Bankruptcy and Insolvency, file 11-2934243. The Statement of Affairs lists assets of school and office furniture valued at $1 and states total liabilities of $3,256,340.13, a figure that does not match the listed components of $1,523,148.29 secured and $13,938,874.62 unsecured. The Canada Revenue Agency asserts a deemed trust of $1,523,149.29 over unremitted payroll source deductions, ranking ahead of all other creditors per its January 19, 2023 statement of account. As of 11:00 a.m. on May 2, 2023, 35 proofs of claim totalling $1,821,173.47 had been filed. The trustee reports significant differences between claims filed and the Statement of Affairs, still under review.
Debtor
Westside Preparatory Society
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesDeemed trust claim over payroll source deductions withheld from employees' compensation and not remitted to CRA — Deemed trust claim, ranks in priority to all other creditors; per CRA statement of account dated January 19, 2023; Statement of Affairs reports a similar figure of $1,523,148.29 (prose/SOA approximation); proof of claim not yet received from CRA as of report date — debtor: Westside Preparatory Society · as of 19 Jan 2023 | $1.52M | Trustee's Preliminary Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
119 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
Notice of Bankruptcy
| 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., “Westside Preparatory Society” (Bankruptcy), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/westside-preparatory-society