British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 27 February 2025
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date12 February 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3185938
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Amount is as reported in the Statement of Affairs; no proof of claim received from Bank of Montreal as of 5:00pm PST Feb 26, 2025 (Filed column shows Nil). Bank of Montreal has agreed to up to $20,000 being allowed for Trustee fees in priority to its secured claim. · page: 2 · as of: Statement of Affairs · amount: 183400 · debtor: Vancouver Gas Fireplaces Ltd. · creditor: Bank of Montreal · currency: CAD · security: Registered security interests against the Company's assets (BC Personal Property Registry search dated January 21, 2025)
- secured creditorsnote: Deemed trust class, ranks in priority to all other creditors. Company does not expect any debts owing to CRA for payroll source deductions (used ADP as processor); no proof of claim received from CRA as of Feb 26, 2025. Amount unknown/unconfirmed. · page: 2 · debtor: Vancouver Gas Fireplaces Ltd. · creditor: Canada Revenue Agency (deemed trust - unremitted payroll source deductions) · currency: CAD · security: Deemed trust/property claim under CRA priority for unremitted payroll deductions
- unsecured creditorsnote: Document names no individual creditors. As of 5:00pm PST Thursday, February 26, 2025, proofs of claim filed totaled $143,280 (6 proofs of claim filed in total across all classes). · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 221216 · debtor: Vancouver Gas Fireplaces Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Trustee identified three employees potentially qualifying under WEPP for unpaid wages, vacation pay and termination pay; entitlements being confirmed and processed through WEPP. Aggregate amount not stated (capped at $2,000 per employee). · page: 3 · debtor: Vancouver Gas Fireplaces Ltd. · creditor: Wage earners (BIA s.81.3(1) statutory security) · currency: CAD · security: Statutory security over Company's assets under BIA s.81.3(1) for wages, vacation pay and other compensation for services rendered in the 6 months preceding bankruptcy, capped at $2,000 per employee
- provinceBritish Columbia