British Columbia · NOI
Affidavit #1 of D Mitchell
Affidavit · 10 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 filing15 verified · 1 withheld
- appointeeMNP Ltd.
- appointee roleproposal trustee
- commencement date31 August 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-260538
- statutory basisSection 50.4 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- applicantMitchell Press Limited
- financial positionnote: Includes approximately 50 pieces of individual equipment with total balance sheet value of approximately $3.77 million; monthly operating loss of ($99,588) in June 2026 (forecast/actual not specified as forecast) · page: 5 · as at: 2026-06-30 · basis: unaudited financial statements · scope: Mitchell Press Limited (entity level) · currency: CAD · total assets: 9080000 · total liabilities: 17990000
- secured creditorsnote: Revolving facility; outstanding balance as of Filing Date was $0 · page: 5 · as of: Filing Date · amount: 0 · debtor: Mitchell Press Limited · creditor: Sallyport Commercial Finance ULC (Sallyport Finance) · currency: CAD · security: Accounts receivable factoring agreement (Sallyport AR Loan), secured against substantially all property of Mitchell Press
- secured creditorsnote: First priority among stated secured creditors; PPSA registration 654554R lists this secured party against multiple debtors including Mitchell Press · page: 5 · as of: Filing Date · amount: 435772.69 · debtor: Mitchell Press Limited · creditor: Valiant Financial Services Inc. (Valiant Financial) · currency: CAD · security: Equipment sale and leaseback agreement (Valiant Leaseback Agreement), secured against substantially all property of Mitchell Press
- secured creditorsnote: Related party - Slow Loris is a Mitchell Group entity; PPSA registration 642783R shows Valiant Mortgage Inc. as secured party against Slow Loris and related debtors for the underlying Valiant Mortgage Loan · page: 5 · as of: Filing Date · amount: 14369617.53 · debtor: Mitchell Press Limited · creditor: Slow Loris Holdings Ltd. · currency: CAD · security: Slow Loris Promissory Note, secured against substantially all property of Mitchell Press
- secured creditorsnote: Mitchell Press is current on payments for this vehicle lease · page: 5 · debtor: Mitchell Press Limited · creditor: Toyota Industries Commercial Finance Canada, Inc. · currency: CAD · security: First-ranking PPSA security registration (784771N) against a single company vehicle - 2019 HINO/338 motor vehicle
- secured creditorsnote: Mitchell Press has no outstanding debt to this entity · page: 5 · as of: Filing Date · amount: 0 · debtor: Mitchell Press Limited · creditor: Ricoh Canada Inc. · currency: CAD · security: Last-ranking security registration
- unsecured creditorsnote: Document names no individual unsecured creditors on the pages provided; a Form 33 List of Creditors was prepared by the Proposal Trustee (referenced as Exhibit C) but not included in these pages · page: 6 · as of: Filing Date · basis: As reported by David Mitchell in affidavit, approximate figure · amount: 1030000 · debtor: Mitchell Press Limited · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Aggregated per instructions for serialized-equipment financiers under a general all-property security registration in favour of Valiant Financial Services Inc.; not separately itemized amounts stated · page: 20 · debtor: Mitchell Press Limited · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Multiple serialized equipment PPSA registrations (e.g. registration 654554R schedule) covering printing presses, coaters, cranes, cutters, banding systems, carton sealers, etc.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.