Woody's Hardwood Flooring Ltd.
Follow- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 11-3111244
Woody's Hardwood Flooring Ltd. has been bankrupt under the Bankruptcy and Insolvency Act since July 31, 2024, with MNP Ltd. acting as Licensed Insolvency Trustee in proceedings before the Supreme Court of British Columbia under court file 11-3111244. The Statement of Affairs filed in the bankruptcy reported no secured or preferred claims and unsecured liabilities of $1,019,707.06, a total of $1,019,707. Proofs of claim filed to date number 16 and total $387,098.19, comprising $116,327.96 secured and $270,770.23 unsecured, with no preferred creditors noted. The Canada Revenue Agency asserts a deemed trust over unremitted payroll source deductions ranking ahead of all other creditors, which company records put at approximately $170,000, and unremitted GST of $46,000 ranks as a general unsecured claim. A BC Personal Property Registry search disclosed registered security interests held by Admiralty Leasing 2021 Inc., De Lage Landen Financial Services Canada Inc. and Metro Leasing Corp., which the Trustee was corresponding with as at August 9, 2024 to confirm their claims.
Court officer's report recorded that the company had made a voluntary assignment effective July 31, 2024, fixing the commencement date of the proceedings.
Debtor
Woody's Hardwood Flooring Ltd.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of date of bankruptcy — Deemed trust claim over unremitted payroll source deductions — Deemed trust claim, ranks in priority to all other creditors; company records indicate approximately $170,000 owing; no proof of claim received yet from CRA to confirm amount — debtor: Woody's Hardwood Flooring Ltd. | $170K | Trustee's Preliminary Report to Creditors |
| 4 | Secured | De Lage Landen Financial Services Canada Inc. · in 73 casesRegistered security interest per BC PPR search — Trustee in process of corresponding to confirm claim; amount not stated — debtor: Woody's Hardwood Flooring Ltd. · as of 9 Aug 2024 | — | Trustee's Preliminary Report to Creditors |
| 4 | Secured | Admiralty Leasing 2021 Inc.Registered security interest per BC PPR search — Trustee in process of corresponding to confirm claim; amount not stated — debtor: Woody's Hardwood Flooring Ltd. · as of 9 Aug 2024 | — | Trustee's Preliminary Report to Creditors |
| 4 | Secured | Metro Leasing Corp. · in 3 casesRegistered security interest per BC PPR search — Trustee in process of corresponding to confirm claim; amount not stated — debtor: Woody's Hardwood Flooring Ltd. · as of 9 Aug 2024 | — | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs filed — Document names no individual unsecured creditors; proofs of claim filed total only $270,770.23 as of report date (16 proofs of claim filed); total per Statement of Affairs including secured of $1,019,707 — debtor: Woody's Hardwood Flooring Ltd. | $1.02M | Trustee's Preliminary Report to Creditors |
| 8 | Unsecured | Canada Revenue Agency (CRA) - GST · in 926 casesas of date of bankruptcy — Unremitted GST ranks as general unsecured claim, distinct from deemed trust payroll claim — debtor: Woody's Hardwood Flooring Ltd. | $46K | Trustee's Preliminary Report to Creditors |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
per Statement of Affairs filed in the bankruptcy · Woody's Hardwood Flooring Ltd. (single entity) — Statement of Affairs reported: Secured Nil, Preferred Nil, Unsecured $1,019,707.06, Total $1,019,707; proofs of claim filed to date total $387,098.19 (secured $116,327.96, preferred nil, unsecured $270,770.23) - a different, smaller figure than the Statement of Affairs; Trustee states no preferred creditors noted.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| ||
| Creditor's package - Notice of First Meeting of Creditors | ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Woody's Hardwood Flooring Ltd.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/woodys-hardwood-flooring-ltd