Woody's Hardwood Flooring Ltd.

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.