British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 4 February 2025
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What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date21 January 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3176580
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Statement of Affairs totals: Secured creditors $94,001, Preferred creditors Nil, Unsecured creditors $1,776,645, Total $1,870,646; only four proofs of claim ($30,588 unsecured, Nil secured/preferred) filed as of report date. No total assets figure stated; individual asset items reported: cash $2,530, accounts receivable (estimated) $44,000, vehicle (estimated) $50,000. · page: 2 · as at: 2025-01-21 · basis: Statement of Affairs filed in the bankruptcy (debtor-reported/estimated values) · scope: Entity-level: Neale Engineering Ltd. (bankrupt estate) · currency: CAD · total liabilities: 1870646
- secured creditorsnote: Blanket all-property registrant; no proof of claim submitted as of report date; Statement of Affairs lists total secured creditors of $94,001 (component amounts not broken out). · page: 2 · as of: 2024-10-22 · debtor: Neale Engineering Ltd. · creditor: First West Credit Union · currency: CAD · security: Registered security interest against all present and after-acquired personal property and proceeds thereof (BC PPR search)
- secured creditorsnote: Deemed trust (priority) claim for unremitted payroll deductions; no proof of claim received yet from CRA; amount subject to confirmation by Trustee. · page: 2 · as of: date of bankruptcy (January 21, 2025) · amount: 1568083 · debtor: Neale Engineering Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Statutory deemed trust over unremitted payroll source deductions, ranking ahead of all other creditors
- secured creditorsnote: Nine employees owed wages/vacation/termination pay in six months preceding bankruptcy; Trustee administering WEPP with Service Canada; expected priority claim figure, not yet finalized. · page: 3 · as of: Trustee's estimate as at report date (February 4, 2025) · amount: 16867 · debtor: Neale Engineering Ltd. · creditor: Wage earners (employees) - WEPP priority claim · currency: CAD · security: Statutory security over Company's current assets to the extent of $2,000 per employee under s.81.3(1) BIA
- provinceBritish Columbia