British Columbia · Receivership (court-appointed)
Form 87: Notice and Statement of the Receiver
Notice of receiver (s. 245 / Form 87) · 13 August 2025
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 filing10 verified
- financial positionnote: Asset-side figures only (Inventory $22,175,916; Accounts Receivable $1,700,700; PP&E $117,056); balances include assets subject to CWB and De Lage security; liabilities not stated on this page (see accounts payable/accrued liabilities of ~$781,000 reported separately at page 3) · page: 1 · as at: 2025-06-30 · basis: Unaudited net book value per Debtors' internal books and records; not verified, reviewed, or audited by the Receiver; fair market value assessment not yet performed · scope: Combined entity-level figures for Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · currency: CAD · total assets: 23993672
- secured creditorsnote: Estimated claim per books and records of the Debtors; approximate figure · page: 3 · amount: 9000000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Canadian Western Bank · currency: CAD · security: Registered security interest; also holds serial-number registrations over certain excluded assets not subject to Receivership Order
- secured creditorsnote: Estimated claim per books and records of the Debtors; approximate figure · page: 3 · amount: 320000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Dynamic Capital Equipment Finance Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Estimated claim per books and records of the Debtors; approximate figure · page: 3 · amount: 1100000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: 2416924 Alberta Ltd. O/A Stride Capital · currency: CAD · security: Registered security interest
- secured creditorsnote: Estimated claim per books and records of the Debtors; approximate figure · page: 3 · amount: 2700000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: Registered security interest by serial number over certain excluded equipment not subject to Receivership Order
- secured creditorsnote: Estimated claim per books and records of the Debtors; approximate figure · page: 3 · amount: 2254000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: Registered security interest
- secured creditorsnote: Estimated claim amount stated as 'Unknown' by the Receiver · page: 3 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Meridian Onecap Credit Corp. · currency: CAD · security: Registered security interest
- secured creditorsnote: Estimated claim amount stated as 'Unknown' by the Receiver · page: 3 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: TDF Group Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Estimated claim amount stated as 'Unknown' by the Receiver · page: 3 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Canadian Western Bank Leasing Inc. · currency: CAD · security: Registered security interest
- unsecured creditorsnote: Document names no individual unsecured creditors; figure is approximate per internal, unaudited balance sheet · page: 3 · as of: 2025-06-30 · basis: Company's internal balance sheet as of June 30, 2025 reporting accounts payable and accrued liabilities of approximately $781,000 · amount: 781000 · debtor: Woodland Equipment Inc. and Woodland Equipment (Fort St. John) Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD