British Columbia · Bankruptcy
Trustees Preliminary Report dated October 27, 2026
Court officer report · 27 October 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 filing10 verified
- secured creditorsnote: Trustee understands this is the Company's only secured creditor; no amount stated · page: 3 · debtor: EC Vancouver Language Centre Ltd. · creditor: Meridian Onecap Credit Corp. (BC) · currency: CAD · security: Registered under the PPSA registry per trustee review; no secured proof of claim filed as of report date
- secured creditorsnote: RBC advised that it too has security; the Trustee will verify once a claim is filed. Unverified; no amount stated · page: 3 · debtor: EC Vancouver Language Centre Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD
- unsecured creditorsnote: Preferred creditors; document names no individual creditors; trustee continues to review · page: 3 · as of: 2026-10-26 · basis: Proofs of claim received as of the date of the report (14 claims); preferred class under the BIA · amount: 26121.82 · debtor: EC Vancouver Language Centre Ltd. · creditor: Preferred creditors (proofs of claim received) · currency: CAD
- unsecured creditorsnote: Document names no individual creditors. Figure is the value of proofs filed, not an officer-reported total · page: 3 · as of: 2026-10-26 · basis: Proofs of claim received as of the date of the report (23 claims); trustee continues to review; not audited or adjudicated · amount: 371122.31 · debtor: EC Vancouver Language Centre Ltd. · creditor: Unsecured creditors (proofs of claim received) · currency: CAD
- cash on handnote: Stated as at the date of bankruptcy, in addition to a guaranteed investment certificate of $105,415.55. The Trustee also notes BDO, on behalf of RBC, confirmed the September 30, 2026 bank balance and that it continues to receive cash balances from the RBC account. · as at: 2026-10-07 · amount: 68670 · currency: CAD
- insolvency professionalMark Wentzell
- insolvency professionalMark Wentzell
- operational summaryEC Vancouver ceased operations after its parent EC English closed all locations worldwide in September 2026, and the company made a voluntary assignment in bankruptcy on October 7, 2026. Realizable asset value appears insufficient to satisfy anticipated creditor claims.
- report date26 October 2026
- report noTrustee's Report on its Preliminary Administration