British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 1 August 2025
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 filing7 verified
- secured creditorsnote: Stated as approximate ('approximately $2.2 million, plus interest and costs that continue to accrue'); default since July 2024; default notices issued January and May 2025 and formal demand June 18, 2025 · page: 3 · as of: 2025-07-22 · amount: 2200000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: General security agreements (GSAs) - Woodland GSA dated July 16, 1997 (as amended) and Woodland FSJ GSA dated March 11, 2014, granting security interest in present and after-acquired personal property, perfected by registration in BC Personal Property Registry; Woodland also guaranteed Woodland FSJ's debt
- secured creditorsnote: Formal demand made; understood to be taking own enforcement steps; amount not stated · page: 4 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Canadian Western Bank (CWB) · currency: CAD · security: Registrations against serial numbered collateral; priority agreement with the Bank confirming priority only in respect of collateral financed by CWB
- secured creditorsnote: Formal demand made; understood to be taking own enforcement steps; amount not stated · page: 4 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: De Lage Landen Financial Services Canada Inc. (DLL) · currency: CAD · security: Registrations against serial numbered collateral; priority agreement with the Bank confirming priority only in respect of collateral financed by DLL
- secured creditorsnote: Listed as a secured creditor on service list; no amount or security details stated in text · page: 13 · creditor: Dynamic Capital Equipment Finance Inc. · currency: CAD
- secured creditorsnote: Listed as a secured creditor on service list; no amount or security details stated in text · page: 13 · creditor: TDF Group Inc. · currency: CAD
- secured creditorsnote: Listed as a secured creditor on service list; no amount or security details stated in text · page: 13 · creditor: Meridian Onecap Credit Corp. · currency: CAD
- secured creditorsnote: Listed as a secured creditor on service list; no amount or security details stated in text · page: 13 · creditor: 2416924 Alberta Ltd. o/a Stride Capital · currency: CAD