Saskatchewan · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 18 March 2025
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What we verified from this filing8 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date26 February 2025
- court file no22-3191421
- proceeding typebia_bankruptcy
- secured creditorsnote: Anticipated amount, not yet finalized. Trustee also anticipates a separate preferred (not secured) claim under s.136(1)(d) of the BIA for unpaid wages. · page: 3 · as of: anticipated (BIA s.81.3(1) claim) · amount: 48000 · debtor: Century West Disaster Restoration Ltd. · creditor: Former employees of CWDR (24 employees) · currency: CAD · security: Statutory superpriority secured wage claim under section 81.3(1) of the BIA.
- secured creditorsnote: Related-party claimants (Milt Walker and Wendy Walker are individuals; note personal guarantor/related-party status only, names not treated as companies). Secured claim of $1,200,000.00 is currently under review by the Trustee, who is seeking a legal opinion on validity of the security interest. Same claimants also filed an unsecured claim of $1,605,500.00 (component, not summed). · page: 3 · amount: 1200000 · debtor: Century West Disaster Restoration Ltd. · creditor: Century West Construction Ltd., Outlook Holdings Corporation, Milt Walker, Wendy Walker · currency: CAD · security: General Security Agreement against specific serial numbered assets and all present and after-acquired personal property of CWDR; registered at PPR September 26, 2024.
- secured creditorsnote: No claim amounts stated. Capital's asset has equity and is being sold in auction with security redeemed by Trustee; all other serial-numbered assets are being surrendered to the respective secured party. · page: 3 · debtor: Century West Disaster Restoration Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serial number registrations at the PPR against specific vehicles/equipment: Capital Ford Lincoln Inc. (2019 Ford F150 Super Crew, registered Oct 2, 2019); Jim Pattison Industries Ltd. (2017 Ram Promaster Cargo Van #6252, registered Feb 5, 2025; Sapphire 460 Carpet Cleaner, registered Feb 5, 2025; 2019 Ram 2500, registered July 20, 2021); Royal Bank of Canada (2017 Ram Promaster Cargo Van #5227, registered July 24, 2023; 2017 Ram Promaster Cargo Van #4781, registered July 24, 2023).