British Columbia · Receivership (court-appointed)
Receiver's First Report
Court officer report · 5 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- secured creditorsnote: Approximately $4.1 million as at September 4, 2025 re: Columbia; interest and costs continue to accrue; Receiver has not yet requested a security opinion regarding validity/enforceability · page: 8 · as of: 2025-09-04 · amount: 4100000 · debtor: Columbia National Steel Products Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security agreements over all present and after-acquired personal property (BMO Security), related to BMO credit facilities and various lease agreements
- secured creditorsnote: Approximately $1.7 million as at November 10, 2025 re: Westud · page: 8 · as of: 2025-11-10 · amount: 1700000 · debtor: Westud Steel Products Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security agreements over all present and after-acquired personal property (BMO Security), related to BMO credit facilities and various lease agreements
- secured creditorsnote: No amount stated; RBC is secured creditor of LifeTec (related company) via LifeTec Receivership, with specific PPR registrations against some Duplicate Assets shared with Debtors · page: 9 · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Specific registrations against some of the Duplicate Assets (assets appearing in both Westud and LifeTec appraisals)
- process resultsnote: Universe of potential purchasers identified before Teaser Letter distribution on April 27, 2026 · as of: 2026-04-27 · solicited: 108
- sale advisorDeloitte Restructuring Inc.
- sale outcometext: The Receiver is seeking the Court's approval of the Sale Process and has undertaken several steps to date in coordination with the LifeTec Receiver. · scope: whole_business · status: process_approved