#Report
Woody's MFG Ltd. made an assignment in bankruptcy on April 28, 2020, with MNP Ltd. appointed trustee.
Source: Bankruptcy preliminary report
Woody's MFG Ltd.
FollowClosed
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 35-2641497
Filings held1
Last activity28 Apr 2020
On the record2,337 days
OverviewSummary updated
Woody's MFG Ltd. made an assignment in bankruptcy on April 28, 2020 (court file 35-2641497), with MNP Ltd. appointed trustee under the Bankruptcy and Insolvency Act. Its Statement of Affairs reported total liabilities of $2,600,697 — $1,887,024 in aggregate unsecured claims, $514,580 in secured claims, $199,066 owed to the Canada Revenue Agency as a deemed trust for unpaid source deductions, and $27 in preferred wage claims for former employees, each listed at a nominal $1 because the true amounts owed were not yet known. The Trustee reported no assets available to it for realization, noting that assets — including trade accounts receivable with a book value of $58,000 — would be liquidated by a receiver. Secured claims are registered by the Royal Bank of Canada, which had demanded in excess of $1.0 million under a Notice of Intention, along with Business Development Bank of Canada, CNC Automation, Meridian Onecap Credit Corp and Toyota Credit Canada Inc.
Proceedings AIAsk this case — answers cite the filings
Case updates1 dated entry
Parties
Debtor
Woody's MFG Ltd.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Toyota Credit Canada Inc. · in 20 casesSpecific registration against a vehicle — PPSA search dated April 23, 2020 — debtor: Woody's MFG Ltd. · as of 23 Apr 2020 | — | Bankruptcy preliminary report |
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesGeneral security registration — PPSA search dated April 23, 2020; also guaranteed trustee fees/costs to $4,520 — debtor: Woody's MFG Ltd. · as of 23 Apr 2020 | — | Bankruptcy preliminary report |
| 4 | Secured | CNC Automation · in 3 casesSpecific registration against various equipment — PPSA search dated April 23, 2020; equipment excluded from the receivership Initial Order — debtor: Woody's MFG Ltd. · as of 23 Apr 2020 | — | Bankruptcy preliminary report |
| 4 | Secured | Meridian Onecap Credit Corp · in 20 casesSpecific registration against various equipment — PPSA search dated April 23, 2020 — debtor: Woody's MFG Ltd. · as of 23 Apr 2020 | — | Bankruptcy preliminary report |
| 4 | Secured | Royal Bank of Canada · in 556 casesGeneral security registration and specific registrations against various equipment — At time of NOI demand, RBC owed 'in excess of $1.0 million'; per Statement of Affairs, total secured claims (all secured creditors combined) were $514,580, with $93,019 in claims received to date; components not broken out by creditor - see financial_position/secured totals; also guaranteed trustee fees/costs to $4,520 — debtor: Woody's MFG Ltd. · as of 3 Jan 2020 | — | Bankruptcy preliminary report |
| 7 | Preferred (BIA s. 136) | Preferred creditors (former employees, aggregate as reported) · in 44 casesas of Statement of Affairs — Preferred class per BIA - former employees for unpaid wages, vacation and termination pay; each employee listed at nominal $1 claim as true amount unknown at date of bankruptcy; claims received to date $nil — debtor: Woody's MFG Ltd. | $27 | Bankruptcy preliminary report |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Claims received to date total $345,845; document names no individual unsecured creditors — debtor: Woody's MFG Ltd. | $1.89M | Bankruptcy preliminary report |
| 8 | Unsecured | Canada Revenue Agency (deemed trust - unpaid source deductions) · in 926 casesas of Statement of Affairs — Deemed trust class per Section D table; approximate figure in prose stated as $195,000; claims received to date $nil — debtor: Woody's MFG Ltd. | $199K | Bankruptcy preliminary report |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Estate financialsReported figures — never derived
Total liabilities at filing$2.6M
per Statement of Affairs · entity - Woody's MFG Ltd. — Total per Statement of Affairs is $2,600,697 (unsecured $1,887,024 + preferred $27 + secured $514,580 + deemed trust $199,066); claims received to date total $438,864 (unsecured $345,845 + preferred nil + secured $93,019 + deemed trust nil); no total assets figure stated - Trustee states there are no assets available to the Trustee for realization, with receivership assets to be liquidated by the Receiver; trade accounts receivable book value $58,000
Documents1 filing
| Date | Document | File |
|---|---|---|
Bankruptcy preliminary report
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Woody's MFG Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/woodys-mfg-ltd