British Columbia · Bankruptcy
Trustee's Report to Creditors
Court officer report · 16 March 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 filing10 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date24 February 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3337817
- financial positionnote: Table 2 (in 000's) shows total assets of $6,331 and total liabilities (excl. equity) of $13,549 as at Feb 20, 2026, with shareholder's equity deficit of $(7,218). Comparative figures also given for Mar 31, 2025 and Mar 31, 2024. · page: 3 · as at: 2026-02-20 · basis: Prepared by management; not reviewed by an independent external accountant (unaudited) · scope: Entity - Pacific Process Canada Ltd. · currency: CAD · total assets: 6331000 · total liabilities: 13549000
- secured creditorsnote: Table 3 lists a nominal estimated claim of $1,000; per the Company's books and records there are no amounts owing to CRA for payroll source deductions, but any unpaid source deductions could constitute a deemed-trust claim with priority over all other secured claims. CRA had not filed a proof of claim as of the report date. Deemed trust class per document. · page: 4 · as of: date of bankruptcy (February 24, 2026) · debtor: Pacific Process Canada Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim - all present and after-acquired property
- secured creditorsnote: Table 3 lists a nominal estimated claim of $1,000; no dollar balance stated in text. Trustee intends to release the trailer to ATCO subject to review of security documentation. · page: 4 · as of: date of bankruptcy (February 24, 2026) · debtor: Pacific Process Canada Ltd. · creditor: ATCO Structures & Logistics Ltd. · currency: CAD · security: Specific serial-number registration over a trailer (Alberta PPR)
- secured creditorsnote: Table 3 lists a nominal estimated claim of $1,000, but text confirms 'we understand there are no amounts owing to RBC.' · page: 4 · as of: date of bankruptcy (February 24, 2026) · amount: 0 · debtor: Pacific Process Canada Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (BC PPR) - all present and after-acquired property
- secured creditorsnote: Table 3 lists a nominal estimated claim of $1,000, but Walker filed a secured claim with the Trustee for $1,819,000. Trustee not in possession of collateral and has not yet reviewed validity/enforceability of the security. Claim understood to be included in the Company's claim against DIW Buildings & Land Corporation. · page: 5 · amount: 1819000 · debtor: Pacific Process Canada Ltd. · creditor: Walker Stainless Equipment LLC · currency: CAD · security: Purchase money security interest in certain silos