British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 30 October 2024
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What we verified from this filing14 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date18 October 2024
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file no11-3142790
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Only asset reported was cash of $63,113.58, since collected by the Trustee; total liabilities per Statement of Affairs comprise secured $1.00, preferred nil, and unsecured $14,685,615.89 · page: 2 · basis: Statement of Affairs filed in the bankruptcy · scope: 1199704 B.C. Ltd. (single entity, bankrupt estate) · currency: CAD · total assets: 63113.58 · total liabilities: 14685616.89
- secured creditorsnote: Director advised no amounts owing to RBC; RBC has not filed a proof of claim; Statement of Affairs lists secured creditors at $1.00 (nominal/placeholder figure) · page: 2 · as of: October 2, 2024 · debtor: 1199704 B.C. Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Registered security interest per BC Personal Property Registry search
- secured creditorsnote: Deemed trust class - ranks in priority to all other creditors; amount not yet quantified; no proof of claim received from CRA as of report date; Trustee to confirm amounts owing · page: 2 · debtor: 1199704 B.C. Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over unremitted payroll source deductions
- secured creditorsnote: Ten employees' claims being administered under Wage Earner Protection Program; Trustee expects claims relate to termination pay and will be treated as unsecured · page: 3 · as of: date of bankruptcy · amount: 2000 · debtor: 1199704 B.C. Ltd. · creditor: Employees (Wage Earners) · currency: CAD · security: Statutory security over current assets pursuant to s.81.3(1) BIA, to the extent of $2,000 per employee
- unsecured creditorsnote: Document names no individual creditors; only $31,797.00 in proofs of claim had been filed as of report date (one proof of claim filed) · page: 3 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 14685615.89 · debtor: 1199704 B.C. Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- provinceBritish Columbia