White Rock Iron Products Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3444591
- Industry
- Manufacturing · Metals & fabrication
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.
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
Debtor
White Rock Iron Products Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | BMO 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 | $856K | Creditors Package |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
71 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
| Form 74 - Property Claim | PDF · Subscribers | |
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CiteProceedings., “White Rock Iron Products Ltd.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/white-rock-iron-products-ltd