British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 4 September 2025
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What we verified from this filing13 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date20 August 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3262273
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisthe Bankruptcy and Insolvency Act
- financial positionnote: Statement of Affairs reported: secured creditors $11,782.60, preferred nil, unsecured creditors $1,177,948.78, total $1,189,731.38. As of September 4, 2025, proofs of claim filed totaled: secured nil, preferred nil, unsecured $1,290,593.28, total $1,290,593.28. Assets reported as separate line items only (accounts receivable $23,400 and one vehicle estimated at $24,400) and not summed by the document, so total_assets is not stated. · page: 2 · basis: Statement of Affairs filed by the Director in the bankruptcy (unaudited); comparative figure of $1,290,593.28 reflects 14 proofs of claim filed as of September 4, 2025, 9:00am Pacific Time · scope: KAM Biotechnology Ltd. (single entity) · currency: CAD · total liabilities: 1189731.38
- secured creditorsnote: Statement of Affairs recorded secured claim of $11,782.60 (approximation); Honda separately confirmed to the Trustee an outstanding balance of $11,830.20, used here as the amount. No proof of claim had been received from Honda as of the report date; validity/enforceability of the security subject to confirmation. · page: 2 · amount: 11830.2 · debtor: KAM Biotechnology Ltd. · creditor: Honda Canada Finance Inc. · currency: CAD · security: Security interest over Company vehicle (2019 Honda Odyssey), registered in BC Personal Property Registry
- secured creditorsnote: Trustee estimates the WEPP-related priority for wages and vacation pay at approximately $4,000; this is a forecast/estimate, not a confirmed balance. · page: 3 · debtor: KAM Biotechnology Ltd. · creditor: Wage earners (employees) - statutory priority claimants · currency: CAD · security: Statutory security over Company's current assets to the extent of $2,000 per employee, per BIA s.81.3(1), for wages/vacation pay/compensation for services in the 6 months preceding bankruptcy
- secured creditorsnote: Deemed-trust class claim. Director stated no amounts are owing to CRA for unremitted payroll deductions, GST, or corporate taxes. No proof of claim had been received from CRA as of the report date; Trustee to confirm any deemed trust amount owing. · page: 3 · debtor: KAM Biotechnology Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim/property claim over amounts equal to unremitted payroll source deductions, ranking in priority to all other creditors
- provinceBritish Columbia