Proceedings.

White Rock Iron Products Ltd.

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Proceeding
Bankruptcysection 49 of the Bankruptcy and Insolvency Act
File
11-3444591
Filings held3
Last activity4 Nov 2026
On the record5 days
Secured debtSubscribers

Early record. This matter is tracked from the court registry; its linked filings are the record, and extracted facts will appear here as its documents are processed. Still to come: the stage tracker; assets; estate financials; the sale process.

OverviewSummary updated

White Rock Iron Products Ltd., a British Columbia company, became bankrupt at 07:38 on November 2, 2026 under section 49 of the Bankruptcy and Insolvency Act, with MNP LTD / MNP LTÉE as trustee under estate number 11-3444591. The sworn Statement of Affairs, prepared as at October 30, 2026 by Jaime Lux, puts assets at $456,229.00 against liabilities of $4,330,334.34, a stated deficiency of $3,874,105.34, and attributes the failure to negative market conditions. Assets consist of accounts receivable of $831,228.00 carried at an estimated realizable $431,228.00, machinery and equipment at $25,000.00 and a vehicle at $1.00. BMO Financial Group holds the secured position of $856,229.00 over the equipment and receivables, part of a total claim of $2,439,000.00, leaving $1,582,772.00 unsecured within an unsecured pool of $3,474,105.34. The estate is active.

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Case updates3 dated entries
#Order

Bankruptcy took effect at 07:38 under section 49 of the BIA, with MNP LTD / MNP LTÉE taking office as trustee under estate number 11-3444591.

Source: Certificate of Appointment

Parties

Debtor

White Rock Iron Products Ltd.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredBMO Financial Group · in 20 casesAssets securing the liability: Machinery and equipment, and accounts receivable (asset refs 1101, 1301). Total BMO claim stated as $2,439,000.00 (secured $856,229.00 + unsecured $1,582,772.00). — Secured amount per Statement of Affairs list of liabilities; claim date given/incurred shown as 27-Mar-2025. Secured total of $856,229.00 matches the Form 78 secured creditors line. The secured/unsecured split reflects the security valuation (secured portion = estimated realizable value of the pledged assets: $25,000 machinery + $431,228 receivables + the 1.00 vehicle, with the figures as stated by th · as of 30 Oct 2026$856KCreditors Package
4Secured
7Preferred (BIA s. 136)
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

71 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents3 filings
DateDocumentFile
Creditors Package
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 2 November 2026
  • Court file no 11-3444591
  • + 2 more extracted facts
PDF · Subscribers
Form 74 - Property ClaimPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “White Rock Iron Products Ltd.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/white-rock-iron-products-ltd

Sources last checked · summary updated 6 November 2026 · Report a correction · Printed from proceedings.ca/case/white-rock-iron-products-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.