British Columbia · Bankruptcy
Product Line Holdings and Logistics Preliminary Report to Creditors
Court officer report · 10 August 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date18 December 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA IN BANKRUPTCY AND INSOLVENCY
- court file no11-3400440
- proceeding typebia_bankruptcy
- financial positionnote: Statement of Affairs reported NIL assets ('The Statement of Affairs filed in the bankruptcy reported NIL assets'); total liabilities per SOA comprise Nil secured, Nil preferred and $1,119,926.56 unsecured; as of the date of this report only $283,869.38 in total proofs of claim had been filed (secured $262,195.12; preferred Nil; unsecured $21,674.26) · page: 2 · basis: Statement of Affairs as filed in the bankruptcy · scope: Product Line Holdings and Logistics Ltd. (bankrupt estate), entity-level · currency: CAD · total assets: 0 · total liabilities: 1119926.56
- secured creditorsnote: Deemed trust class; ranks in priority to claims of all other creditors; figure is Trustee's estimate; no proof of claim received from CRA to date for this amount · page: 2 · amount: 895000 · debtor: Product Line Holdings and Logistics Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim/property claim equal to unremitted withheld payroll source deductions
- secured creditorsnote: Statement of Affairs listed RBC's secured claim as Nil; amount shown is per RBC's filed proof of claim dated August 10, 2026 · page: 2 · as of: 2026-08-10 · amount: 262195.12 · debtor: Product Line Holdings and Logistics Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security interest/collateral over a significant amount of the Company's present and after-acquired personal property
- unsecured creditorsnote: Document names no individual unsecured creditors; only $21,674.26 in unsecured proofs of claim had been filed with the Trustee as of the date of this report · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 1119926.56 · debtor: Product Line Holdings and Logistics Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Priority claim for wages/vacation pay etc. in six months preceding bankruptcy; being administered through receivership via WEPP · page: 3 · amount: 2000 · debtor: Product Line Holdings and Logistics Ltd. · creditor: Wage earners (BIA s.81.3(1) priority claims) · currency: CAD · security: Statutory security interest over Company's assets (Other Property) to the extent of $2,000 per BIA s.81.3(1)
- provinceBritish Columbia