British Columbia · Bankruptcy
Notice to Creditors
Notice to creditors · 4 June 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing18 verified
- financial positionnote: Deficiency $2,183,547.79. As-at 30 May 2024 per the SOA; bankruptcy occurred 31 May 2024 (12:59) per Certificate of Appointment. Liabilities per summary: unsecured creditors List A $83,147.81 plus balance of secured claims List B $2,100,399.98 = total unsecured $2,183,547.79; secured creditors List B $6,246,102.37 (estimated value of security); preferred List C $0.00; contingent/other List D $0.00. · page: 4 · as at: 2024-05-30 · basis: Statement of Affairs (Form 78, Business Bankruptcy) as stated and estimated by the officer, sworn by Bill Melnik · scope: Entity - Euro-Rite Cabinets Ltd. · currency: CAD · total assets: 6246102.37 · total liabilities: 8429650.16
- unsecured creditorsnote: Listed at $0.00; CRA (deemed-trust / quasi-governmental class). Address 9755 King George Boulevard, Surrey BC V3T 5E1. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 0 · debtor: Euro-Rite Cabinets Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Address 18675 53A Ave, Surrey BC V3S 9H3. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 593.25 · debtor: Euro-Rite Cabinets Ltd. · creditor: Edge Carbide Tools · currency: CAD
- unsecured creditorsnote: Address Suite 600-1285 West Broadway, Vancouver BC V6H 3X8. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2388.75 · debtor: Euro-Rite Cabinets Ltd. · creditor: Green Clover Inc. · currency: CAD
- unsecured creditorsnote: Address 112 - 3191 Thunderbird Cres, Burnaby BC V5A 3G1. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 517.13 · debtor: Euro-Rite Cabinets Ltd. · creditor: Integrity Countertops · currency: CAD
- unsecured creditorsnote: Address 5990 Avebury Rd, Mississauga ON L5R 3R2. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 212.05 · debtor: Euro-Rite Cabinets Ltd. · creditor: Johnston Equipment · currency: CAD
- unsecured creditorsnote: Address 24382 104th Ave, Maple Ridge BC V2W 2C4. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 31438.94 · debtor: Euro-Rite Cabinets Ltd. · creditor: Luminate Homes & Developments Ltd · currency: CAD
- unsecured creditorsnote: Address 10323 Grace Road, Surrey BC V3V 2V7. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 7457.93 · debtor: Euro-Rite Cabinets Ltd. · creditor: Marathon Fasteners Hware · currency: CAD
- unsecured creditorsnote: Listed at $0.00; BC Ministry of Finance (quasi-governmental). Address PO Box 9280 STN Prov Govnt, Victoria BC V8W 9J7. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 0 · debtor: Euro-Rite Cabinets Ltd. · creditor: Ministry of Finance · currency: CAD
- unsecured creditorsnote: Address 10155 Grace Road, Surrey BC V3V 3V7. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1713.91 · debtor: Euro-Rite Cabinets Ltd. · creditor: Van Kam Freightways Ltd · currency: CAD
- unsecured creditorsnote: Unsecured deficiency (balance of claim) on secured claim. List A shows unsecured-claim column $0.00 but balance/total claim $2,100,399.98; also listed as secured creditor in List B (full claim $2,873,882.63, of which $773,482.65 secured). Address 160 Boul Delta Park, Brampton ON L6T 5T6. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 2100399.98 · debtor: Euro-Rite Cabinets Ltd. · creditor: Woodlore International Inc. · currency: CAD
- unsecured creditorsnote: Address 3277 E. 17TH Ave, Vancouver BC V5M 2N9. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 8384.02 · debtor: Euro-Rite Cabinets Ltd. · creditor: Newworld Cabinet Ltd · currency: CAD
- unsecured creditorsnote: Address 12277 Laity Street, Maple Ridge BC V2X 5B1. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 24482.09 · debtor: Euro-Rite Cabinets Ltd. · creditor: Placer Construction Delivery Corp · currency: CAD
- unsecured creditorsnote: Address 678 Aldford Avenue, Delta BC V3M 5P5. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1135.89 · debtor: Euro-Rite Cabinets Ltd. · creditor: Plast-Fab Ltd · currency: CAD
- unsecured creditorsnote: Address 108 - 19353 22nd Avenue, Surrey BC V3S 3S6. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 3100 · debtor: Euro-Rite Cabinets Ltd. · creditor: Trans Global Logistics · currency: CAD
- unsecured creditorsnote: Address BOX 3500 - Rpo Street Villa, Mississauga ON L5M 0S8. · page: 5 · as of: 2024-05-30 · basis: Statement of Affairs (Form 78) List A - Unsecured Creditors, as stated and estimated by the officer · amount: 1723.85 · debtor: Euro-Rite Cabinets Ltd. · creditor: Uline Shipping Supplies · currency: CAD
- secured creditorsnote: Statement of Affairs (Form 78) List B secured creditors, as stated by the officer. Document note: priority and validity of secured creditor claims remain subject to independent legal review. · page: 6 · as of: 2024-05-30 · amount: 5472619.72 · debtor: Euro-Rite Cabinets Ltd. · creditor: Tayco Office Furnishings Inc. · currency: CAD · security: List B amount of claim $5,472,619.72; particulars of security - Cash on Hand (Chequing) $32,955.55; Prepaid expenses $143,120.46; Accounts receivable $1,507,574.23; Inventory (stock in trade) $1,891,345.14; Machinery/Fixed assets $1,897,624.34; estimated value of security $5,472,619.72 (fully secured, no balance of claim / deficiency stated)
- secured creditorsnote: Claim bifurcated by security valuation: $773,482.65 secured, $2,100,399.98 unsecured deficiency. The $2,100,399.98 deficiency is also listed in List A unsecured. Address 160 Boul Delta Park, Brampton ON L6T 5T6. Priority/validity subject to independent legal review per document note. · page: 6 · as of: 2024-05-30 · amount: 2873882.63 · debtor: Euro-Rite Cabinets Ltd. · creditor: Woodlore International Inc. · currency: CAD · security: List B amount of claim $2,873,882.63; particulars of security - Machinery/Fixed assets, estimated value of security $773,482.65; balance of claim (unsecured deficiency) $2,100,399.98