British Columbia · Receivership (court-appointed)
Form 87 Notice and Statement of Receiver
Notice to creditors · 24 September 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing11 verified
- financial positionnote: Figures stated in C$'000s (23,907 and 20,090). Per-debtor asset totals: LTC BC 6,645; LTC ON 3,435; 284 6,537; Goshu 7,290. Total known creditors counts the National Bank debt once (17,622) in the 20,090 total. Sides carry slightly different as-at dates (Sept 18 and Sept 21, 2026 for assets; Sept 15, 2026 for the secured debt). · page: 1 · basis: Assets: 'Estimated asset values' as reported by the Debtors (cash as at Sept 18, 2026; AR and customer deposits as at Sept 18, 2026; other items per trial balances as at Sept 21, 2026); land and buildings at property-tax assessed value (284: 2025; Goshu: 2026). Liabilities: 'Summary of known creditors' total, based on the records of the Debtors. · scope: Aggregate across four Debtors: LTC BC, LTC ON, 284 and Goshu (not consolidated financial statements; intercompany balances included in assets, 917K due from interco./related parties). · currency: CAD · total assets: 23907000 · total liabilities: 20090000
- secured creditorsnote: Stated as '$17,622M' in the footnote (the summary table is in C$'000s, i.e. ~C$17.622 million); exact figure 17,621,822 taken from the Debtors' creditor lists. Petitioner for the Receivership Order (petition July 16, 2026). · page: 2 · as of: 2026-09-15 · amount: 17621822 · debtor: Labtest Certification Inc.; Labtest Certification Ontario Inc.; 2842878 Ontario Inc.; Goshu Products/Services Inc. · creditor: National Bank of Canada · currency: CAD · security: Only secured creditor per the Receiver; debt is guaranteed by each of the Debtors. Same single debt appears under each of the four Debtors (not additive).
- unsecured creditorsnote: Stated as 373 in C$'000s. Schedule A includes intercompany balance owed to 2842878 Ontario Inc. (295,074) and to Labtest Certification Inc. (BC) (14,050); individual vendor amounts on pages 7-8 and not repeated here. · page: 2 · basis: Summary of known creditors (C$'000s), based on the records of the Debtors; itemised on Schedule A · amount: 373000 · debtor: Labtest Certification Ontario Inc. · creditor: Unsecured creditors - Labtest Certification Ontario Inc. (aggregate, trade and other) · currency: CAD
- unsecured creditorsnote: Stated as 669 in C$'000s. Schedule A itemises roughly 80 trade creditors including intercompany balances (e.g. Goshu 121,595; Labtest Certification Ontario Inc. 152,845). Individual vendor amounts are on pages 4-6 and not repeated here. A BC Director of Employment Standards claim and Abisoye Law Corporation are listed as [UNKNOWN] amounts. · page: 2 · basis: Summary of known creditors (C$'000s), based on the records of the Debtors; itemised on Schedule A · amount: 669000 · debtor: Labtest Certification Inc. · creditor: Unsecured creditors - Labtest Certification Inc. (aggregate, trade and other) · currency: CAD
- unsecured creditorsnote: Payroll arrears; deemed-trust class (quasi-governmental claim). Not all filings are up to date and amounts are subject to change. · page: 4 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 964339 · debtor: Labtest Certification Inc. · creditor: Canada Revenue Agency - payroll source deductions (Labtest Certification Inc.) · currency: CAD
- unsecured creditorsnote: Payroll arrears; deemed-trust class (quasi-governmental claim). Not all filings are up to date and amounts are subject to change. Summary table shows CRA total across Debtors of 1,251 (C$'000s); the CRA breakdown table's payroll line reads 1,241 against a component sum that differs, so the document is internally inconsistent. · page: 7 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 276349 · debtor: Labtest Certification Ontario Inc. · creditor: Canada Revenue Agency - payroll source deductions (Labtest Certification Ontario Inc.) · currency: CAD
- unsecured creditorsnote: Municipal property taxes; summary table shows 107 (C$'000s). · page: 9 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 106753 · debtor: 2842878 Ontario Inc. · creditor: City of Oakville (property taxes) · currency: CAD
- unsecured creditorsnote: Municipal property taxes; Goshu property taxes total 68 (C$'000s) in the summary table. · page: 10 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 51247 · debtor: Goshu Products/Services Inc. · creditor: City of Delta (property taxes) · currency: CAD
- unsecured creditorsnote: GST/HST; deemed-trust class (quasi-governmental claim). Not all filings are up to date and amounts are subject to change. · page: 10 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 10596 · debtor: Goshu Products/Services Inc. · creditor: Canada Revenue Agency - GST/HST (Goshu Products/Services Inc.) · currency: CAD
- unsecured creditorsnote: Municipal property taxes; Goshu property taxes total 68 (C$'000s) in the summary table. · page: 10 · basis: Based on the records of the Debtors (Schedule A list of creditors) · amount: 16986 · debtor: Goshu Products/Services Inc. · creditor: City of Richmond (property taxes) · currency: CAD
- financial positionnote: Components dated variously: Cash as at September 18, 2026; accounts receivable and customer deposits as at September 18, 2026; other amounts per trial balances as at September 21, 2026; land and buildings based on 2025 (284) and 2026 (Goshu) property tax assessed values. No total liabilities figure stated in this document (creditor lists are out of scope). · basis: Estimated asset values as reported by the Debtors / trial balances / property tax assessed values · scope: combined - LTC BC, LTC ON, 284, and Goshu · currency: CAD · total assets: 23907000