British Columbia · Bankruptcy
Trustee's Report to Creditors
Court officer report · 8 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date23 June 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3389612
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisthe Bankruptcy and Insolvency Act
- financial positionnote: SOA reported no realizable assets (page 1) and total creditors of $393,396 (Secured: Nil, Preferred: Nil, Unsecured: $393,396) per page 2 table; separately, claims filed to date total $200 (Secured Nil, Preferred $4,000, Unsecured $326,215, Total $200 as stated in filing) · page: 2 · as at: 2026-06-23 · basis: Statement of Affairs (SOA) filed in the bankruptcy · scope: entity - Global Merchandising Ltd. · currency: CAD · total assets: 0 · total liabilities: 393396
- secured creditorsnote: Three current active employees; Trustee assessing WEPP eligibility for unpaid wages, vacation pay and termination pay · page: 2 · debtor: Global Merchandising Ltd. · creditor: Wage earners (employees) · currency: CAD · security: Statutory security over Company's current assets under s.81.3(1) BIA, limited to $2,000 per employee for wages/vacation pay for services in 6 months preceding bankruptcy
- secured creditorsnote: Deemed trust class claim ranking ahead of all other creditors; no proof of claim received to date; Trustee confirming amount with CRA (unremitted GST/corporate tax would instead rank unsecured) · page: 2 · debtor: Global Merchandising Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over unremitted payroll source deductions
- secured creditorsnote: PPR search date 2026-04-09; Trustee reviewing validity and amount owing under this potential secured claim; SOA reported secured creditors as 'Nil' · page: 2 · as of: 2026-04-09 · debtor: Global Merchandising Ltd. · creditor: Receivable Management Office of Ministry of Finance · currency: CAD · security: Registered security interest (BC PPR) over all present and after-acquired personal property