British Columbia · Bankruptcy
Statement of Affairs
Statement of affairs · 19 September 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing30 verified
- commencement date19 September 2022
- financial positionnote: Preferred creditors and contingent/trust liabilities both stated as NIL (0.00); resulting deficiency of $22,926.30 · page: 1 · as at: 2022-09-19 · basis: Statement of Affairs as stated and estimated by the officer · scope: entity - Spider Lake Rock and Gravel Ltd. · currency: CAD · total assets: 658426 · total liabilities: 681352.3
- provinceBritish Columbia
- statutory basisSubsection 49(2) and Paragraph 158(d) of the Act / Subsections 50(2) and 62(1) of the Act
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 2500 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Canet and Co. Ltd. · currency: CAD
- unsecured creditorsnote: Same creditor also has secured claims listed separately · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 43051.27 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Caterpillar Financial Services Ltd. · currency: CAD
- unsecured creditorsnote: CEBA government-backed loan · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 50000 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: CIBC c/o TECHCOM Managed Services CEBA · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 2673.63 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Cojax Heavy Duty Repair Ltd. · currency: CAD
- unsecured creditorsnote: CRA GST/HST claim · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 2500 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: CRA - GST/HST - Vancouver · currency: CAD
- unsecured creditorsnote: CRA source deductions claim · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 229.33 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: CRA - non-tax Programs (Source Deductions) · currency: CAD
- unsecured creditorsnote: CRA tax claim · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 2500 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: CRA - Tax - Pacific · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 5612.5 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Foreman Equipment Ltd. · currency: CAD
- unsecured creditorsnote: Unpaid royalties claim, same individual · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 17609.26 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Klaus Schmitt · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 32877.13 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: 4-Refuel Canada LP · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 176.95 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Alberni Co-op · currency: CAD
- unsecured creditorsnote: Individual; also secured creditor jointly with Elisabeth Schmitt for machinery listed separately · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 22395.85 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Klaus Schmitt · currency: CAD
- unsecured creditorsnote: Separate claim from same individual · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 3800 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Klaus Schmitt · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 2015.39 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Ministry of Finance - Forest Revenue Operations · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 367 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Ramsay Lampman Rhodes - Nanaimo · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 91720.43 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Roc-Tech Contracting (2011) Ltd. · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 28028.06 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Skreenquip · currency: CAD
- unsecured creditorsnote: Shareholder loan; related party · page: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 92000 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Thomas Gray · currency: CAD
- unsecured creditorspage: 2 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 3999.46 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Huxham Contracting Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 833.46 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Trend Diesel · currency: CAD
- unsecured creditorspage: 3 · as of: 2022-09-19 · basis: Statement of Affairs List A - Unsecured Creditors · amount: 217.99 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: WorkSafeBC - Collections Department · currency: CAD
- secured creditorsnote: Same creditor listed as two separate claims for different machinery · page: 4 · as of: 2022-09-19 · amount: 110000 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Caterpillar Financial Services Ltd. · currency: CAD · security: Business Assets - Machinery - 2009 John Deere 350D - FF350DX806694
- secured creditorspage: 4 · as of: 2022-09-19 · amount: 1 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Caterpillar Financial Services Ltd. · currency: CAD · security: Business Assets - Machinery - 2004 Caterpillar 330CL - CAT0330CCDKY02539
- secured creditorsnote: Also listed as unsecured creditor for unpaid royalties ($17,609.26) and personal loans ($22,395.85 and $3,800.00) separately · page: 4 · as of: 2022-09-19 · amount: 136242.59 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Klaus & Elisabeth Schmitt · currency: CAD · security: Business Assets - Machinery: Finlay J1160 Jaw Crusher (TRX1160JTOM30237), 2000 Kawasaki Loader (97C35853), Cat Loader 966H (TEL01883), 2001 Komatsu Excavator PC300-HD-C-LE (A830009), Chieftan 1700 Screen Plant (PID00129ADGA91294), 2015 Terex Finlay C1540 Cone Crusher (TRX1540CHOMD16211)
- secured creditorsnote: Crown/PST security registration; nominal $1.00 claim amount stated with estimated surplus from security on several asset categories · page: 5 · as of: 2022-09-19 · amount: 1 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: Ministry of Finance - PST - British Columbia · currency: CAD · security: Debts Due - Business - Accounts Receivable; also blanket security over Business Assets - Machinery (Volvo 210 Excavator, Cash on Hand, Stock in Trade, various machinery items) with $0.00 stated claim value on most items
- secured creditorspage: 5 · as of: 2022-09-19 · amount: 30000 · debtor: Spider Lake Rock and Gravel Ltd. · creditor: TD Auto Finance (Canada) Inc. - VFC c/o Bankruptcy Highway · currency: CAD · security: Motor Vehicles - Automobile - 2019 Dodge Ram 3500 - 3C63R3CLXKG528323