British Columbia · Bankruptcy
VK Delivery & Moving Services Preliminary Report to Creditors
Court officer report · 10 August 2026
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA IN BANKRUPTCY AND INSOLVENCY
- court file noEstate No. 11-3400424
- financial positionnote: ASSETS ARE A STATED NIL, NOT AN UNKNOWN: “The Statement of Affairs filed in the bankruptcy reported NIL assets. The Company's assets were taken into the possession of the Receiver. The Trustee currently holds no Estate assets.” PREFERRED CREDITORS ALSO A STATED NONE — “There are no preferred creditors noted”, nil in both columns of the report's table. The $11,353,497.37 is the SOA total, which equals its unsecured line because the SOA reported secured and preferred at nil; the FILED total across all classes is $6,768,843.30 from seven proofs of claim. · page: 2 · basis: Statement of Affairs as reported, per MNP Ltd.'s Trustee's Preliminary Report to Creditors; the report sets the SOA figures against proofs of claim filed, and the two differ materially · scope: VK Delivery & Moving Services Ltd. in bankruptcy; the report refers to “the Companies” when estimating the CRA deemed trust, so that figure may span the related VK entities · currency: CAD · total assets: 0 · total liabilities: 11353497.37
- secured creditorsnote: THE FIGURE IS THE FILED CLAIM, NOT THE REPORTED ONE, and that is the exception rather than the rule here. The Statement of Affairs reports secured creditors at NIL; RBC then “submitted a proof of claim on August 10, 2026” for $6,705,884.99, and the Trustee affirms in its own words that “The Royal Bank of Canada (RBC) is a secured creditor of the Company”. The report names this as the one divergence: “There were not any significant differences between the claims filed and claims listed on the Statement of Affairs aside from the claim sent in by RBC regarding their Secured claim.” Reporting the SOA's nil here would state that the company has no secured debt, which the Trustee contradicts. NOT ADJUDICATED — a proof of claim is a creditor asserting a debt. · page: 2 · as of: 2026-08-10 · amount: 6705884.99 · debtor: VK Delivery & Moving Services Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: “general collateral over a significant amount of the Company's present and after acquired personal property”
- unsecured creditorsnote: PROOFS FILED ARE A DIFFERENT NUMBER, and far smaller: the SOA reports $11,353,497.37 of unsecured creditors while only $63,958.31 has been filed. The reported figure is the amount here; the Trustee says “Ultimately the amounts owing to the unsecured creditors will be based on proofs of claim filed by the creditors and admitted by the Trustee.” Seven proofs of claim in total had been filed as at the report, representing $6,768,843.30 across all classes. No individual unsecured creditor is named. · page: 2 · basis: Statement of Affairs as reported, per MNP Ltd.'s Trustee's Preliminary Report to Creditors; the report sets the SOA figures against proofs of claim filed, and the two differ materially · amount: 11353497.37 · debtor: VK Delivery & Moving Services Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: STATED TO EXIST, NOT QUANTIFIED, and expressly a different class from the deemed trust above: “Any debt owing to CRA for unremitted goods and service tax at the date of bankruptcy will rank as a general, unsecured claim.” No amount given. · page: 2 · basis: Statement of Affairs as reported, per MNP Ltd.'s Trustee's Preliminary Report to Creditors; the report sets the SOA figures against proofs of claim filed, and the two differ materially · debtor: VK Delivery & Moving Services Ltd. · creditor: Canada Revenue Agency — unremitted GST · currency: CAD
- unsecured creditorsnote: DEEMED TRUST, AND IT OUTRANKS EVERYTHING: “CRA has a ‘deemed trust’ claim or property claim equal to the amount of payroll deductions withheld from employees' compensation and not remitted to CRA. This claim comes in priority to the claims of all other creditors.” The figure is an ESTIMATE — “The Trustee estimates that the Companies owe unpaid withheld payroll remittances of approximately $1,088,000” — and no proof of claim had been received from CRA; the Trustee “will engage in correspondence with CRA for the purpose of confirming the deemed trust amounts owing”. It appears in neither the SOA nor the filed column of the report's table. · page: 2 · basis: the Trustee's own estimate, not a filed or admitted claim · amount: 1088000 · debtor: VK Delivery & Moving Services Ltd. · creditor: Canada Revenue Agency — unremitted payroll source deductions · currency: CAD
- unsecured creditorsnote: SECURED BY STATUTE TO A CAP, AND BEING PAID ELSEWHERE. Claims for wages, vacation pay and other compensation for the six-month period preceding the bankruptcy “are secured, to the extent of $2,000, by security over the Company's assets (Other Property)” — a per-employee statutory cap, not an aggregate, and the report states no number of employees and no total. The Receiver has “primarily completed administering the claims of employees through WEPP”, and “the priority claim for employees will be administered through the receivership”, so this estate may see none of it. · page: 3 · basis: Statement of Affairs as reported, per MNP Ltd.'s Trustee's Preliminary Report to Creditors; the report sets the SOA figures against proofs of claim filed, and the two differ materially · debtor: VK Delivery & Moving Services Ltd. · creditor: Employee wage claims (BIA s.81.3(1)) · currency: CAD
- provinceBritish Columbia