British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 13 April 2026
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date24 March 2026
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file no11-3355262
- financial positionnote: Statement of Affairs filed in the bankruptcy reported zero assets; all assets and bank accounts were seized and sold at auction by a CRA-appointed bailiff prior to bankruptcy. Statement of Affairs total liabilities equal total unsecured creditors of $790,999 (secured and preferred both Nil per SOA). · page: 1 · basis: Statement of Affairs as filed · scope: Hub City Glass Ltd. (single entity) · currency: CAD · total assets: 0 · total liabilities: 790999
- secured creditorsnote: No proof of claim filed by RBC to date; Statement of Affairs shows secured creditors as Nil. RBC also separately provided the Trustee a guarantee for professional fees (Directive 16), not a secured claim on estate assets. · page: 2 · as of: January 9, 2026 (PPSR search) · debtor: Hub City Glass Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security interest registered against all present and after-acquired personal property and proceeds (BC PPSA registration)
- secured creditorsnote: Trustee does not expect any wage earner claims as Company reported all employees received full wages, vacation pay, and proper termination notice prior to bankruptcy. · page: 2 · debtor: Hub City Glass Ltd. · creditor: Employees (wage earners) · currency: CAD · security: Statutory security under s.81.3(1) BIA over current assets, to the extent of $2,000 per employee for wages/vacation pay earned in six months preceding bankruptcy
- secured creditorsnote: Deemed trust class claim; amount unconfirmed - no proof of claim received from CRA as of report date; Trustee to correspond with CRA to confirm amount (if any). · page: 2 · debtor: Hub City Glass Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over payroll source deductions withheld and not remitted; ranks in priority to all other creditors
- secured creditorsnote: Secured claim per proof of claim filed with Trustee; Statement of Affairs listed secured creditors as Nil, so this is the filed/confirmed figure. · page: 2 · as of: date of this report (April 13, 2026) · amount: 21085.42 · debtor: Hub City Glass Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: General security interest registered against all present and after-acquired personal property and proceeds (BC PPSA registration)
- unsecured creditorsnote: Document names no individual unsecured creditors; only $8,526 in unsecured proofs of claim had been filed as of the date of this report (April 13, 2026), which is a distinct, lower proofs-filed figure. · page: 2 · as of: Statement of Affairs as filed · basis: Statement of Affairs as filed · amount: 790999 · debtor: Hub City Glass Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD