British Columbia · Bankruptcy
Trustees Preliminary Report to Creditors
Court officer report · 27 November 2025
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What we verified from this filing15 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date27 November 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3303492
- financial positionnote: Statement of Affairs reported zero assets; secured creditors Nil and preferred creditors Nil per the Statement of Affairs table ('There are no preferred creditors noted.'); total liabilities equal reported unsecured creditors of $576,848.85; no proofs of claim filed as of report date. · page: 1 · as at: 2025-11-27 · basis: Statement of Affairs filed in the bankruptcy · scope: Entity - Prime Length Timber Ltd. (bankrupt estate) · currency: CAD · total assets: 0 · total liabilities: 576848.85
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Statement of Affairs reports secured creditors as Nil; Trustee does not expect any creditor claims asserting a security interest over the Company's assets. · page: 2 · debtor: Prime Length Timber Ltd. · creditor: Province of British Columbia · currency: CAD · security: Security interest registered in the British Columbia Personal Property Registry (blanket registrant, type not stated)
- secured creditorsnote: Deemed trust class claim, ranks ahead of all other creditors; no proof of claim received to date; Trustee to confirm amount owing with CRA. · page: 2 · debtor: Prime Length Timber Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over property equal to unremitted payroll source deductions
- secured creditorsnote: Company reported all employees received full wages, vacation pay, and proper notice prior to bankruptcy; Trustee does not expect any wage earner claims. · page: 2 · debtor: Prime Length Timber Ltd. · creditor: Employees (Wage Earners) · currency: CAD · security: Statutory security under s.81.3(1) BIA over current assets, capped at $2,000 per employee for wages/vacation pay in the 6 months preceding bankruptcy
- secured creditorsnote: Statement of Affairs reports secured creditors as Nil; Trustee does not expect any creditor claims asserting a security interest over the Company's assets. · page: 2 · debtor: Prime Length Timber Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Caterpillar Financial Services Limited - security interest registered in the British Columbia Personal Property Registry (equipment financing, PMSI)
- unsecured creditorsnote: Document names no individual unsecured creditors. As of the report date (4pm, December 10, 2025), no proofs of claim (Nil) had been filed with the Trustee. · page: 2 · as of: Statement of Affairs filed in the bankruptcy · basis: Statement of Affairs as reported · amount: 576848.85 · debtor: Prime Length Timber Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- provinceBritish Columbia