British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 4 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date16 February 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3334141
- proceeding typebia_bankruptcy
- statutory basisthe Bankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Statement of Affairs lists 'Secured creditors: Nil' and 'Preferred creditors: Nil' (SoA column), with total claims of $86,349.70 (all unsecured per SoA); as at report date (March 4, 2026) proofs of claim actually filed showed Preferred $71,035.35 and Unsecured Nil, totaling $71,035.35 - the two columns represent SoA estimate vs. claims filed to date, not consistent totals. Assets reported individually (cash $59.75, accounts receivable $1,534.12, trade fixtures $1) but not summed in the document, so no total assets figure is stated. Statutory wage-earner security under BIA s.81.3(1) exists 'to the extent of $2,000' over current assets for one active employee, but no proof of claim had been filed and Statement of Affairs reported secured creditors as Nil. · page: 2 · basis: Statement of Affairs (management-prepared, unfiled proofs of claim reconciliation pending) · scope: entity (RatPac Controls ULC) · currency: CAD · total liabilities: 86349.7
- provinceBritish Columbia
- recovery outcomeentries: basis: estimated · quote: Based on our preliminary estimates, the realizarion of assets may not satisfy the claims of the secured creditors. Therefore, we believe there will be no recovery for the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-04 · table missing:
- secured creditors