British Columbia · Bankruptcy
Trustee's Report to Creditors dated September 9, 2024
Court officer report · 9 September 2024
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- appointeeGrant Thornton Limited
- appointee roletrustee
- commencement date19 August 2024
- court file no11-3118032
- proceeding typebia_bankruptcy
- provinceBRITISH COLUMBIA
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basisSection 49 of the Bankruptcy and Insolvency Act
- financial positionnote: Book value per Management was $4,280,361; Estimated to Produce per SOA was $4,247,932 (used here per SOA basis). Total liabilities not stated as a single aggregate figure in these pages; secured/unsecured/priority claims itemized separately. · page: 3 · as at: 2024-08-19 · basis: SOA (sworn Statement of Affairs); figures shown are 'Estimated to Produce per SOA' compared with 'Book Value per Management' · scope: entity - 1155646 B.C. Ltd. · currency: CAD · total assets: 4247932
- unsecured creditorsnote: Also has secured claim (see secured entry). · page: 5 · as of: SOA (bankruptcy date) · basis: estimated unsecured claim per SOA · amount: 17661.37 · debtor: 1155646 B.C. Ltd. · creditor: Inland Finance Ltd. and Inland Industries Ltd. Pension Plan · currency: CAD
- secured creditorsnote: Statutory super-priority claim, estimated approximately $10,000, subject to confirmation once employee claims filed. · page: 6 · amount: 10000 · debtor: 1155646 B.C. Ltd. · creditor: Service Canada (WEPP) · currency: CAD · security: Super-priority under s.81.3 BIA over current assets for unpaid wages/vacation pay, up to $2,000 per employee
- unsecured creditorsnote: Document states this aggregate figure did not include amounts for former employee claims (unquantified); document names some individual unsecured creditors separately (see other entries) but the $137,920 total reflects the SOA's own aggregate figure inclusive of those and other unnamed creditors; as at report date, Trustee had received 5 unsecured claims totalling approximately $205,061.25 (proofs filed, distinct from the SOA-reported aggregate). · page: 6 · as of: SOA (bankruptcy date) · basis: Statement of Affairs listed unsecured claims totaling approximately $137,920 · amount: 137920 · debtor: 1155646 B.C. Ltd. · creditor: Unsecured creditors (aggregate per SOA, excluding above itemized amounts) · currency: CAD
- unsecured creditorspage: 6 · as of: SOA (bankruptcy date) · basis: SOA lists as unsecured creditor · amount: 4882.65 · debtor: 1155646 B.C. Ltd. · creditor: Brandt Tractor Ltd. · currency: CAD
- unsecured creditorsnote: Trustee notes BFL has since filed a secured claim of $87,021.67 (see secured entry). · page: 6 · as of: SOA (bankruptcy date) · basis: SOA lists as unsecured creditor · amount: 19445.05 · debtor: 1155646 B.C. Ltd. · creditor: Brandt Finance Ltd. · currency: CAD
- unsecured creditorsnote: Trustee notes CWB has since filed a secured claim of $24,394.62 (see secured entry). · page: 6 · as of: SOA (bankruptcy date) · basis: SOA lists as unsecured creditor · amount: 11506.95 · debtor: 1155646 B.C. Ltd. · creditor: CWB National Leasing Inc. · currency: CAD
- unsecured creditorsnote: Deemed trust / statutory priority claim (payroll source deductions), preferred over ordinary unsecured claims. · page: 6 · basis: Trustee identified potential statutory priority claim for payroll source deductions · amount: 7993.63 · debtor: 1155646 B.C. Ltd. · creditor: CRA · currency: CAD
- secured creditorsnote: No secured claim filed to date (N/A). · page: 12 · as of: SOA (bankruptcy date) · amount: 613057.02 · debtor: 1155646 B.C. Ltd. · creditor: Mitsubishi HC Capital Canada Leasing, Inc. · currency: CAD · security: Multiple PPSA registrations on vehicle assets (BRNs 829304N, 927378N, 728701P, 728702P)
- secured creditorsnote: Also owed additional unsecured amount of $17,661.37 per SOA (see unsecured entry). No secured claim filed to date (N/A). · page: 12 · as of: SOA (bankruptcy date) · amount: 914511.77 · debtor: 1155646 B.C. Ltd. · creditor: Inland Finance Ltd. and Inland Industries Ltd. Pension Plan · currency: CAD · security: Multiple PPSA registrations on vehicle assets (BRNs 475164N, 723259N, 765915N, 610763P, 654333P, 103199Q, 166738Q)
- secured creditorsnote: SOA estimate was $110,736.24; exact filed secured claim amount used per rule 2/3. Report body table shows filed claim as $77,128.74; Appendix B narrative states $77,128.86 - both figures appear in document. · page: 13 · as of: secured claim filed · amount: 77128.86 · debtor: 1155646 B.C. Ltd. · creditor: Meridian OneCap Credit Corp. · currency: CAD · security: PPSA registration on vehicle assets (BRN 639102N)
- secured creditorsnote: SOA estimate was $106,792.95 (prose approximation). · page: 13 · as of: secured claim filed · amount: 132235.26 · debtor: 1155646 B.C. Ltd. · creditor: Concentra Bank · currency: CAD · security: Multiple PPSA registrations on vehicle assets (BRNs 116085M, 116090M, 151788M, 151794M, 237167M, 559333M, 559343M, 200254P, 200290P)
- secured creditorsnote: SOA estimate was $79,644.89 (prose approximation). · page: 13 · as of: secured claim filed · amount: 246076.68 · debtor: 1155646 B.C. Ltd. · creditor: Vault Credit Corporation · currency: CAD · security: GSA against all present and after-acquired property (BRN 663117N, registered April 13, 2022); also PPSA registrations on vehicle assets (BRNs 660506M, 244911P, 269490Q)
- secured creditorsnote: SOA estimate was $57,760.72 (prose approximation); filed amount is total of various secured claims. · page: 13 · as of: secured claims filed · amount: 631170.88 · debtor: 1155646 B.C. Ltd. · creditor: John Deere Financial Inc. · currency: CAD · security: Multiple PPSA registrations on vehicle assets (13 BRNs listed, 2019-2024)
- secured creditorspage: 14 · as of: SOA (bankruptcy date) · amount: 50008.12 · debtor: 1155646 B.C. Ltd. · creditor: PNC Vendor Finance Corporation Canada · currency: CAD · security: PPSA registrations on vehicle assets (BRNs 451933M, 466838M)
- secured creditorspage: 14 · as of: SOA (bankruptcy date) · amount: 19579.41 · debtor: 1155646 B.C. Ltd. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: GSA against present and after-acquired inventory financed by DLL and related property (BRN 297730M); also PPSA registrations on vehicle assets (BRNs 307715M, 549045M)
- secured creditorspage: 14 · as of: SOA (bankruptcy date) · amount: 53593.09 · debtor: 1155646 B.C. Ltd. · creditor: Arundel Capital Corporation · currency: CAD · security: PPSA registration on vehicle assets (BRN 030544N)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. · page: 15 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Bank of Montreal · currency: CAD · security: PPSA registrations on vehicle assets (BRNs 498623M, 174087P)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. · page: 15 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Caterpillar Financial Services Limited · currency: CAD · security: PPSA registration on vehicle assets (BRN 968408M)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. · page: 15 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: CLE Capital Inc. · currency: CAD · security: PPSA registrations on vehicle assets (BRNs 224629M, 964671M)
- secured creditorsnote: SOA listed as unknown claim stated as $1.00 placeholder. · page: 15 · as of: secured claim filed · amount: 17824.39 · debtor: 1155646 B.C. Ltd. · creditor: Accord Small Business Finance Corp., Accord Small Business Leasing Corp. and Accord Financial Canada Corp. · currency: CAD · security: GSA against all present and after acquired property and uncrystallized floating charge on land (BRN 780966M)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. · page: 16 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Westerra Equipment LP · currency: CAD · security: PPSA registrations on vehicle assets (BRNs 664014M, 932132M)
- secured creditorsnote: SOA listed CWB as unsecured with approximately $11,506.95 owing (see unsecured entry); Trustee notes CWB filed a secured claim. · page: 16 · as of: secured claim filed · amount: 24394.62 · debtor: 1155646 B.C. Ltd. · creditor: CWB National Leasing Inc. · currency: CAD · security: PPSA registration on vehicle assets (BRN 905664L)
- secured creditorsnote: SOA listed BFL as unsecured with approximately $19,455.05 owing (see unsecured entry); Trustee notes BFL filed a secured claim, reclassifying based on filed evidence. · page: 16 · as of: secured claim filed · amount: 87021.67 · debtor: 1155646 B.C. Ltd. · creditor: Brandt Finance Ltd. · currency: CAD · security: PPSA registration on vehicle assets (BRN 443387Q)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. · page: 16 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Skyjack Inc. · currency: CAD · security: PPSA registration on vehicle assets (BRN 161438M)
- secured creditorsnote: SOA lists amount due as unknown, stated placeholder $1.00; not a real balance. Bank holding secured position (unusual but per rule 5, classified per evidence). · page: 16 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: GSA against all present and after acquired property (BRN 699404K); also PPSA registration on vehicle assets (BRN 699406K)
- secured creditorsnote: SOA lists OPF as secured creditor but recognizes no amount due (NIL). · page: 17 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Ocean Park Ford Sales Ltd. · currency: CAD · security: Multiple PPSA registrations on vehicle assets (BRNs 753855N, 826329N, 787925P, 856626P)
- secured creditorsnote: SOA lists WFE as secured creditor but recognizes no amount due (NIL). · page: 17 · as of: SOA (bankruptcy date) · debtor: 1155646 B.C. Ltd. · creditor: Wells Fargo Equipment Finance Company · currency: CAD · security: PPSA registrations on vehicle assets (BRNs 379492N, 443387Q)