British Columbia · Bankruptcy

Notice of Bankruptcy

Notice to creditors · 22 August 2023

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing68 verified

appointeeCrowe MacKay & Company Ltd.
appointee roletrustee
commencement date22 August 2023
proceeding typebia_bankruptcy
provinceBritish Columbia
statutory basisSubsection 102(1) of the Act
statutory basisNotice of Bankruptcy, First Meeting of Creditors (Subsection 102(1) of the Act)
financial positionnote: Deficiency of $2,010,606.58 reported; total unsecured creditors (including balance of secured claims not covered by security) $2,001,521.56, secured creditors $166,946.50, preferred creditors $9,085.02, contingent liabilities $0.00; surplus shown as NIL. · page: 2 · as at: 2023-08-18 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer · scope: Coquitlam Steel Products Ltd. (entity) · currency: CAD · total assets: 166946.5 · total liabilities: 2177553.08
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 829.5 · debtor: Coquitlam Steel Products Ltd. · creditor: Brilliant Cleaning Services · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 31811.91 · debtor: Coquitlam Steel Products Ltd. · creditor: Burrard Mechanical Ltd. · currency: CAD
unsecured creditorsnote: Also listed on List C - Preferred Creditors for Wages, Rent, etc. with a separate $2,000.00 preferred claim · page: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5841.84 · debtor: Coquitlam Steel Products Ltd. · creditor: Cameron Gilmour · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 122 · debtor: Coquitlam Steel Products Ltd. · creditor: CapriCMW Insurance · currency: CAD
unsecured creditorsnote: Also listed on List C - Preferred Creditors for Wages, Rent, etc. with a separate $2,000.00 preferred claim · page: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 687.86 · debtor: Coquitlam Steel Products Ltd. · creditor: Carl Hagans · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 500 · debtor: Coquitlam Steel Products Ltd. · creditor: Cloverdale Paint Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 11904.37 · debtor: Coquitlam Steel Products Ltd. · creditor: Coquihalla Steel Industries Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: CRA - GST/HST - Vancouver · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: CRA - Tax - Pacific source deductions · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1111.95 · debtor: Coquitlam Steel Products Ltd. · creditor: Elander Inspections Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5620 · debtor: Coquitlam Steel Products Ltd. · creditor: Gallop Tech Engineering · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 918.75 · debtor: Coquitlam Steel Products Ltd. · creditor: ICBA · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2390.99 · debtor: Coquitlam Steel Products Ltd. · creditor: Hilti (Canada) Corporation · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 29.19 · debtor: Coquitlam Steel Products Ltd. · creditor: BCD Holdings Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 9805 · debtor: Coquitlam Steel Products Ltd. · creditor: 548162 BC Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 386 · debtor: Coquitlam Steel Products Ltd. · creditor: Acera Insurance Services Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 95418.39 · debtor: Coquitlam Steel Products Ltd. · creditor: AJ Forsyth · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 11625.76 · debtor: Coquitlam Steel Products Ltd. · creditor: Barry-Hamel Equipment · currency: CAD
unsecured creditorspage: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 847.42 · debtor: Coquitlam Steel Products Ltd. · creditor: BC Rentals Ltd. · currency: CAD
unsecured creditorsnote: Also listed on List C - Preferred Creditors for Wages, Rent, etc. with a separate $2,000.00 preferred claim · page: 3 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 12124.42 · debtor: Coquitlam Steel Products Ltd. · creditor: Blake Persons · currency: CAD
unsecured creditorsnote: Balance of claim shown as $1,450,560.73 (unsecured shortfall); related-party/secured creditor also listed on List B for $1,617,505.23 total claim · page: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 0 · debtor: Coquitlam Steel Products Ltd. · creditor: Red Rocket Investments Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 44598.16 · debtor: Coquitlam Steel Products Ltd. · creditor: Ice Blue Steel Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6355.88 · debtor: Coquitlam Steel Products Ltd. · creditor: Ikon Steel Detailing & Drafting · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 21635.49 · debtor: Coquitlam Steel Products Ltd. · creditor: Iron Mountain Equipment Rentals Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 22477.5 · debtor: Coquitlam Steel Products Ltd. · creditor: JP Drafting Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5161.04 · debtor: Coquitlam Steel Products Ltd. · creditor: Mega Crane Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 678.05 · debtor: Coquitlam Steel Products Ltd. · creditor: Metaltropolis Supplies Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: Ministry of Finance - PST - British Columbia · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1317.76 · debtor: Coquitlam Steel Products Ltd. · creditor: Nunner Truck & Crane Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 844.48 · debtor: Coquitlam Steel Products Ltd. · creditor: Pacific Bolt Manufacturing Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 332.64 · debtor: Coquitlam Steel Products Ltd. · creditor: Phoenix Truck and Crane Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1144.5 · debtor: Coquitlam Steel Products Ltd. · creditor: Plasmatech Profile Cutting · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 216.62 · debtor: Coquitlam Steel Products Ltd. · creditor: PTI Punch Tools Inc · currency: CAD
unsecured creditorsnote: Balance of claim shown as $1.00; also listed as secured creditor with $1.00 amount on List B · page: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 0 · debtor: Coquitlam Steel Products Ltd. · creditor: RCAP Leasing Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1002.15 · debtor: Coquitlam Steel Products Ltd. · creditor: Reliable Tube · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1270.47 · debtor: Coquitlam Steel Products Ltd. · creditor: Ron-Son's Tirch Repairs & Sales Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 16407.36 · debtor: Coquitlam Steel Products Ltd. · creditor: Samson Metals Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2727.54 · debtor: Coquitlam Steel Products Ltd. · creditor: Sherwin Williams Co · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 346.94 · debtor: Coquitlam Steel Products Ltd. · creditor: Silver City Galvanizing · currency: CAD
unsecured creditorsnote: Also listed on List C - Preferred Creditors for Wages, Rent, etc. with a separate $2,000.00 preferred claim · page: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 14135.88 · debtor: Coquitlam Steel Products Ltd. · creditor: Skylar Dewit · currency: CAD
unsecured creditorspage: 4 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 31.22 · debtor: Coquitlam Steel Products Ltd. · creditor: Summit Tools Inc · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2205 · debtor: Coquitlam Steel Products Ltd. · creditor: WW Structural Steel Engineering · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 47323.33 · debtor: Coquitlam Steel Products Ltd. · creditor: Superior Alloy Technology · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1832.25 · debtor: Coquitlam Steel Products Ltd. · creditor: T K Engineering Ltd · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 357 · debtor: Coquitlam Steel Products Ltd. · creditor: TMAC Contracting Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 9079.74 · debtor: Coquitlam Steel Products Ltd. · creditor: Tron Transport · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2371.99 · debtor: Coquitlam Steel Products Ltd. · creditor: TRu-Fit Products Tru-Weld · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 8913.3 · debtor: Coquitlam Steel Products Ltd. · creditor: Varsteel Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 95005.3 · debtor: Coquitlam Steel Products Ltd. · creditor: Vulcraft Canada Inc (West) · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 51208.89 · debtor: Coquitlam Steel Products Ltd. · creditor: Wagepoint Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2023-08-18 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: WorkSafeBC - Collections Department · currency: CAD
secured creditorsnote: Nominal $1.00 claim amount per List B; estimated value of security $1.00 · page: 6 · as of: 2023-09-11 · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: RBC Royal Bank · currency: CAD · security: Equipment; Cash on Hand; Motor Vehicles - Ford F-150; Motor Vehicles - Toyota Camry; Accounts Receivable (given 11-Sep-2023)
secured creditorsnote: Balance of claim after security value applied is $1,450,560.73 (largest secured creditor); also listed on unsecured List A with balance of claim $1,450,561.73 · page: 6 · as of: 2023-02-17 · amount: 1617505.23 · debtor: Coquitlam Steel Products Ltd. · creditor: Red Rocket Investments Ltd. · currency: CAD · security: Cash on Hand ($125,000.00); Accounts Receivable ($21,136.50); Equipment ($14,158.00); Motor Vehicles - Ford F-150 ($4,900.00); Motor Vehicles - Toyota Camry ($1,750.00), estimated total value $166,946.50
secured creditorsnote: Also appears on unsecured List A with $0.00 unsecured claim / $1.00 balance of claim · page: 6 · as of: 2023-08-18 · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: RCAP Leasing Inc. · currency: CAD
secured creditorsnote: Individual/director-type secured creditor; nominal $1.00 claim amount per List B; estimated value of security $1.00 · page: 6 · as of: 2023-08-18 · amount: 1 · debtor: Coquitlam Steel Products Ltd. · creditor: Kevin Neustaedter · currency: CAD · security: Equipment; Cash on Hand; Motor Vehicles - Ford F-150; Motor Vehicles - Toyota Camry; Accounts Receivable (all given 29-Jan-2021)
unsecured creditorsnote: Preferred claim for wages/rent · page: 7 · as of: 2023-08-18 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 2000 · debtor: Coquitlam Steel Products Ltd. · creditor: Carl Hagans · currency: CAD
unsecured creditorsnote: Preferred claim for wages/rent · page: 7 · as of: 2023-08-18 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 1085.02 · debtor: Coquitlam Steel Products Ltd. · creditor: Dakota McAnerin · currency: CAD
unsecured creditorsnote: Preferred claim for wages/rent · page: 7 · as of: 2023-08-18 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 2000 · debtor: Coquitlam Steel Products Ltd. · creditor: Blake Persons · currency: CAD
unsecured creditorsnote: Preferred claim for wages/rent · page: 7 · as of: 2023-08-18 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 2000 · debtor: Coquitlam Steel Products Ltd. · creditor: Skylar Dewit · currency: CAD
unsecured creditorsnote: Preferred claim for wages/rent · page: 7 · as of: 2023-08-18 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 2000 · debtor: Coquitlam Steel Products Ltd. · creditor: Cameron Gilmour · currency: CAD