British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 10 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing14 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date18 February 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3335423
- proceeding typebia_bankruptcy
- statutory basisthe Bankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Statement of Affairs totals: secured $1, preferred nil, unsecured $1,169,827.94, total $1,169,828.94. As at March 10, 2026 (4 proofs of claim filed), the filed totals differ: secured $93,211.84, preferred nil, unsecured $749,601.20, total $842,813.04. No estimated asset realization was included in the Statement of Affairs, as no valuation was provided by the Directors; auction proceeds from Able Auctions pending. · page: 2 · as at: 2026-02-18 · basis: Statement of Affairs (debtor-reported, as filed with the Trustee) · scope: Bankrupt estate of A.J. Drury Custom Millworks Ltd. (single entity) · currency: CAD · total liabilities: 1169828.94
- secured creditorsnote: Statement of Affairs reported a nominal secured claim of $1; actual filed proof(s) of claim total $93,211.84 as at March 10, 2026, 9:00 AM Pacific Time. · page: 2 · as of: proofs of claim filed as at March 10, 2026 · amount: 93211.84 · debtor: A.J. Drury Custom Millworks Ltd. · creditor: Unidentified secured creditor(s) · currency: CAD · security: Unspecified (per Statement of Affairs / proofs of claim filed)
- secured creditorsnote: Deemed trust claim (priority class) ranking ahead of all other creditors, per BIA. Figure is the Company's expectation, not yet confirmed by CRA proof of claim; CRA separately asserted a non-deemed-trust unsecured claim of $468,018.13 relating to payroll source deductions, which is unsecured and excluded here. · page: 2 · as of: Company's expectation as at date of report (March 10, 2026) · amount: 389214.01 · debtor: A.J. Drury Custom Millworks Ltd. · creditor: Canada Revenue Agency (CRA) - deemed trust claim · currency: CAD · security: Deemed trust/property claim equal to unremitted payroll source deductions
- secured creditorsnote: Class of secured claim under s.81.3(1) BIA; Company reported four current active employees; aggregate amount not stated (per-employee cap $2,000). WEPP administration in process. · page: 3 · debtor: A.J. Drury Custom Millworks Ltd. · creditor: Wage earners (employees) - BIA s.81.3(1) priority security · currency: CAD · security: Statutory security over Company's current assets, to the extent of $2,000 per employee, for wages/vacation pay/other compensation earned in the six months preceding bankruptcy
- provinceBritish Columbia
- recovery outcomeentries: basis: estimated · quote: Based on our preliminary estimates, the realization of assets may not satisfy the claims of the secured creditors. Therefore, we believe there will be no recovery for the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-10 · table missing: