British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 13 April 2026
What we verified from this filing12 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date24 March 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noEstate No. 11-3355252
- financial positionnote: Statement of Affairs reported zero assets in the business, as all assets and bank accounts were seized by a CRA-appointed bailiff and sold at auction. Statement of Affairs total liabilities of $6,389,566 (secured Nil, preferred Nil, unsecured $6,389,566) differ from the $1,805,084 total reflected in proofs of claim filed to date ($21,085 secured, Nil preferred, $1,783,999 unsecured). · page: 2 · as at: Statement of Affairs filing · basis: Statement of Affairs as filed (unaudited) · scope: Redline Glass Ltd., entity-level (bankrupt estate) · currency: CAD · total assets: 0 · total liabilities: 6389566
- secured creditorsnote: No proof of claim filed by this creditor; Statement of Affairs lists secured creditors as Nil, contrary to the PPSA registration on file. · page: 2 · as of: PPSA search January 9, 2026 · debtor: Redline Glass Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Blanket security interest over all present and after-acquired personal property and proceeds (PPSA registration)
- secured creditorsnote: Deemed trust class. No proof of claim received from CRA to date; Trustee cannot confirm the amount (if any) owing pending correspondence with CRA. CRA's separate unremitted GST/corporate tax debt would rank as a general unsecured claim. · page: 2 · debtor: Redline Glass Ltd. · creditor: Canada Revenue Agency (deemed trust - unremitted payroll source deductions) · currency: CAD · security: Deemed trust/property claim over unremitted payroll source deductions; ranks in priority to claims of all other creditors under the BIA.
- secured creditorsnote: Registration listed as 'Revenue Agency' on PPSA search, distinct from CRA's unquantified deemed-trust claim recorded separately below. · page: 2 · as of: PPSA search January 9, 2026 · debtor: Redline Glass Ltd. · creditor: Canada Revenue Agency (PPSA registrant) · currency: CAD · security: Blanket security interest over all present and after-acquired personal property and proceeds (PPSA registration)
- secured creditorsnote: No proof of claim filed by this creditor. · page: 2 · as of: PPSA search January 9, 2026 · debtor: Redline Glass Ltd. · creditor: Legh Law Corporation Canada · currency: CAD · security: Blanket security interest over all present and after-acquired personal property and proceeds (PPSA registration)
- secured creditorsnote: Only secured creditor to have filed a proof of claim to date; Statement of Affairs had reported secured creditors as Nil. · page: 2 · as of: proof of claim filed (as of date of this report) · amount: 21085.42 · debtor: Redline Glass Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: Blanket security interest over all present and after-acquired personal property and proceeds (PPSA registration)
- unsecured creditorsnote: Document names no individual unsecured creditors. As of the report date, seven proofs of claim had been filed totalling $1,783,999 in unsecured claims (versus the $6,389,566 reported in the Statement of Affairs). No preferred creditors were noted (Nil per Statement of Affairs and confirmed in the report). · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 6389566 · debtor: Redline Glass Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD