British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 9 January 2024
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What we verified from this filing15 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date17 July 2023
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3023783
- proceeding typebia_bankruptcy
- financial positionnote: Only stated asset is potential surplus proceeds from the receivership, if any; Trustee does not anticipate any surplus for unsecured creditors. Liabilities breakdown per SOA: secured $2,473,342.13, preferred nil, unsecured $3,790,478.58, total $6,263,820.71; total proofs filed to date of report were $587,773.80 (secured nil, preferred nil, unsecured $587,773.80) · page: 2 · basis: Statement of Affairs filed in bankruptcy · scope: Unifab Industries Ltd. (bankrupt estate) · currency: CAD · total liabilities: 6263820.71
- secured creditorsnote: Amount not itemized per creditor; part of aggregate secured claims of $2,473,342.13 · page: 2 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: Meridian Onecap Credit Corp. (Meridian) · currency: CAD · security: Digital systems, scanners, copier, faxes, printers, and all accessories and attachments
- secured creditorsnote: Amount not itemized per creditor; part of aggregate secured claims of $2,473,342.13. BMO identified as the primary secured lender and has guaranteed the Trustee's fees · page: 2 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: 2019 PYTHONX PX2 400-480V motor vehicle (serial 1926-393); general collateral over all present and after acquired personal property (other than consumer goods); floating charge on land
- secured creditorsnote: Amount not itemized per creditor; part of aggregate secured claims of $2,473,342.13 · page: 2 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: CWB National Leasing Inc. (CWB) · currency: CAD · security: 2022 Handy/HVSB72 (serial VSB220225143) and 2002 Cat/950G (serial CAT0950GH2JS01774); general collateral over construction equipment, generator set, air compressor, step deck trailer, fork tines, wheel loader attachment, and Q/C fits cat 966F forks
- secured creditorsnote: Amount not itemized per creditor; Statement of Affairs shows aggregate secured claims of $2,473,342.13 · page: 2 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: All present and after acquired personal property; uncrystallized floating charge on real property
- unsecured creditorsnote: Document names no individual unsecured creditors; as at date of report, $587,773.80 in unsecured proofs of claim had been filed (8 proofs of claim total submitted); Trustee states no significant differences between SOA claims and claims filed to date · page: 2 · as of: Statement of Affairs filed in bankruptcy · basis: Statement of Affairs as reported · amount: 3790478.58 · debtor: Unifab Industries Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Amount not itemized per creditor; part of aggregate secured claims of $2,473,342.13 · page: 3 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: Valiant Financial Services Inc. (Valiant) · currency: CAD · security: 2019 SNORKEL/S3219E (serial S3219E-04-190107240); general collateral over all scissor lifts and related equipment
- secured creditorsnote: Amount not itemized per creditor; part of aggregate secured claims of $2,473,342.13 · page: 3 · as of: 2024-01-08 (PPR search date) · debtor: Unifab Industries Ltd. · creditor: Wells Fargo Equipment Finance Company (Wells Fargo) · currency: CAD · security: General collateral over 2006 Ford F-550 XL Crew Cab Service Truck (serial 1FDAW56Y96ED84204) and 2007 Ford F-550 XL Crew Cab Utility Truck (serial 1FDAW57P37EA50936), and all proceeds
- provinceBritish Columbia